Real Estate Venture For Sale

Business description

This is a quickturn company in real estate, residential single family properties that has adapted to the market changes by also building a significant monthly rental revenue stream. The owner is looking for a buyer to purchase its current system and portfolio worth $20m or become an equity partner and have a piece of the underwritten portfolio, specifically through a cash injection of $6m so that all mortgages can be paid off and/or reduced significantly for maximum monthly cash flow. Rate of return to an investor would be approximately $30,000 per month plus equally share in the profit from the sale of properties. The system utilized by the business finds properties that do not require liability in the beginning, however capital is needed to manage, repair and better the properties on a monthly basis. The business was caught in the real estate bubble and quickly revised its practices to include rentals from properties that should have normally quickturned previously. The business incorporated a solution to buy more properties in the areas where it carries mortgages to make up for the high price on properties and to eliminate the mortgages for maximum cash flow with a partner. The business recently moved into commercial properties seeing that it was the best area to improve monthly cash flow by at least $40k to $200k with the correct strategic purchases. The business is focusing on 5-40 unit multiplexes, storage facilities, office complexes, all contingent on high cash flow in the bank reo and distressed properties using private funding, joint venture and/or master leases.

Property information

Other information

Reasons for selling:

To secure a buyer for purchase of the total system or an equity partnership