Generational Wealth Organization is looking for properties to acquire with the following criteria:
- Property must be large enough to have full-service management (3+ units depending on the market)
- Monthly income of over $5,000 per month, which provides enough capital to pay a property manager a minimum of $250 per month
- 10%+ cash on cash after stabilization
- Top 50 MSA Locations (Metropolitan Statistical Areas)
- https://en.m.wikipedia.org/wiki/List_of_metropolitan_statistical_areas
- This ensures that our spaces will always be occupied
- Section 8 / VASH / Local public assistance vouchers
- Mid-rise or garden-style properties
- Purchase price: $500K – $10M
Primary Geographic Areas of Focus:
New York-Newark-Jersey City, NY-NJ-PA
Los Angeles-Long Beach-Anaheim, CA
Chicago-Naperville-Elgin, IL-IN-WI
Dallas-Fort Worth-Arlington, TX
Houston-The Woodlands-Sugar Land, TX
Washington-Arlington-Alexandria, DC-VA-MD-WV
Miami-Fort Lauderdale-Pompano Beach, FL
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Atlanta-Sandy Springs-Alpharetta, GA
Phoenix-Mesa-Chandler, AZ
Boston-Cambridge-Newton, MA-NH
San Francisco-Oakland-Berkeley, CA
Riverside-San Bernardino-Ontario, CA
Detroit-Warren-Dearborn, MI
Seattle-Tacoma-Bellevue, WA
Minneapolis-St. Paul-Bloomington, MN-WI
San Diego-Chula Vista-Carlsbad, CA
Tampa-St. Petersburg-Clearwater, FL
Denver-Aurora-Lakewood, CO
St. Louis, MO-IL
Baltimore-Columbia-Towson, MD
Charlotte-Concord-Gastonia, NC-SC
Orlando-Kissimmee-Sanford, FL
San Antonio-New Braunfels, TX
Portland-Vancouver-Hillsboro, OR-WA
