Deal Submission
Multi-Family
We are looking to add another 80-100 doors to our portfolio within the next 12 months. We are primarily looking for properties between 12 and 50 doors with value add scenarios.
Please see our buying criteria below.
Locations:
- Polk County
- Pasco County
- Hillsborough County
- Pinellas County
- Manatee County
Property Styles:
- -1-2 stories
- Minimum of 4 doors per structure
- Consistent unit mixes
- 70’s – 90’s block and slab construction
Fix and Flip Buy
Our target is to purchase 3-5 single family and manufactured mobile home properties per month in Pasco and Polk County with a minimum 15% net return (see formula below) or All In Cost needs to be 75% of ARV.
SFR Criteria:
- Value Add, Distressed
- Purchase Price under $300,000.
- Block/Slab Structure
- No HOA’s or 55+ communities.
- No Pool
- Polk / Pasco County
Manufactured/Mobile Criteria:
- Post-1976 build date.
- Must be retired to land.
- Not in mobile home park.
ROI Formula/Example:
Purchase Price
+Rehab Costs
= All In Cost
After Repair Value (ARV)
X .94 (After Transactional Costs)
= Net ARV
All In Cost
/ Net ARV
= Profit
Proft/All In Cost = % Net Return (Min 15%)
———————————————————————————————————————
Purchase Price + Rehab Costs = 75% of ARV