678-408-2228

Our Buybox Criteria

Multiple Buy Boxes Below. Highlights First:

Great deals defined: strong equity, strong cash flow (or strong potential for cash flow), ideally purchased well below market value.
Bad deals defined: no equity and no cash flow, purchased at top of market value.
WHERE WE BUY:
- Atlanta and Orlando Metro Areas are our primary markets HOWEVER…
- For flips, we will consider ANY US market where market demand is strong.
- For buy and hold, we will buy in markets with good schools, jobs and/or economies.
- BIRD DOGS – we will often consider your own backyard so look locally!
  - Town population of 40000 or more ideal
- For businesses we are seeking…see below.
- NOTE: We are BI-LINGUAL (English and Spanish)
Let’s Break Them Down…

Single Family Homes / Townhomes / Condo

- Fix and Flip, Long Term Rental, Short Term Rental
- 2 bed/2 bath or more with a minimum of 1000 heated sq ft.
  - If only 1 bath, potential for a 1/2 bath required
- Age of property – prefer 1980 or newer – older is ok if strong area
- Flood zones – heavily discounted only
- No war zones / high crime areas
- Swimming Pools/Spa are generally fine
- Creative financing deals = Yes!
- HOA is fine if numbers work
- Equity – Ideally 30%+
- Cash flow – For SFR $500/mo minimum for long term, For STR 25% gross return minimum
  - Assume 20% expenses
  - Goal is 15% Net
- STR – Markets with tourism desired
- In general – less equity requires more cash flow
- We do not buy counting on appreciation. That is a bonus.

Co-Living

- 1500 sq ft minimum
- 4 bed/2 bath minimum
- Common areas required – living room, kitchen, in-house laundry space
  - Dining space and shared 1/2 bath is a nice to have
  - Jack and Jill baths acceptable
- Off street parking for 2 cars minimum
- Creative financing deals = Yes!
- No HOA for Coliving opportunities
- Cash flow – 25% net minimum
  - Assume 25% off gross for expenses
- Equity – Ideally 30%+
- In general – less equity requires more cash flow
- Padsplit.com serving the market is ideal but not required

Multi Family

- 20-200 Units Ideally
- 5-19 Units can be considered with very strong cash flow
- Partial renovation ok but building must be 50% occupied with cash flow
- No Full Gut projects
- Age of property – prefer 1980 or newer however older is ok due to availability
- Flood zones – no
- No war zones/high crime areas
- Creative financing deals = Yes!
- Strong cash flow potential is a must
- Three years of financials

Land/Teardowns:

For all land, a survey is required. We will not buy without a survey. In some cases, we will buy the survey.
Raw residential land is fine if utilities are near the lot
Developed residential land preferred
Infill lots welcomed as long as ARV is over 350000 for a 1500 sq ft home
Multiple acre tracts welcomed.
- 1-10 is ideal if suburban
- 10+ ok but tends to be rural
Entitled land or undeveloped is fine
Commercial use land can be considered
Properties with structures to be demolished are ok
Recreational Use Land can be considered

Businesses For Sale:

Looking for service oriented businesses in the following spaces:
- Auto Repair Shops
- Bookkeeping/Accounting
- Construction Related
  - Plumbing
  - Electrical
  - HVAC
  - Landscaping
  - Roofing
  - Others can be considered
- Owners selling their franchise business can be considered

Other Asset Types:

The following is considered on a case by case basis:

- Commercial Real Estate (not multi-family)
- Mobile Homes and Mobile Home Parks
- RV Parks

INFORMATION TO SUBMIT:

For Business Opportunities, call me/message me.

For Properties, the more detail the better:

FULL Street Address, City, State, Zip – NOTE: No address = no attention from us
Year Built
Bed/Bath Count
Sq Ft
Garage Parking, yes or no? If yes, how many cars?
Acreage
Pictures are a MUST

The numbers: Provide wholesaler numbers or if not a wholesale deal, then provide the following…

Estimated ARV (use Realtor.com)
High level repair description
HOA Per Month
Occupied? If yes, owner or tenant?
If rented, rent amount
If rented, month to month or leased? If leased, end date?
For potential creative deals:
- Mortgage Balance Amount if available
- PITI (principal, interest, taxes, insurance)

And the magic question…WHY is the Seller selling?

Now do you have to get all this information? NO…BUT the more of it you can get, the more value you are adding to the process and increasing your potential for a deal (or less time wasted).

WHERE TO SUBMIT DEALS?

Email – [email protected]
Call – 678-408-2228
Social Media – Facebook

Look forward to working with you.