OpportunitiesOpen Call for Multifamily Properties – Here’s the Criteria

Editor Editor1 year ago2 min
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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)
  • 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

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