I'm not a broker or an agent. I'm looking for buy and hold. Preferably off market, if possible.
Interested in Ohio, MD, PA, VA
1. Mom and pop/older motivated seller. E.g retiring landlord
2. Love to have a Reasonable 10-20% Owner financing/seller carried note at play ( I will refinance in a year or less and pay this back)
3. Value add
4. High 70 to low 80 occupancy
5. Cash on Cash: 10.5-12.5
6. Cap Rate: At least 6%.
8. Debt service coverage ratio 1.2
9. Management in place.
10. Pitch roof Highrise and purpose built.

Thanks!