We are generally getting 10-14% cap rates for our investors...........
As many of you already know we purchase short sales, bank owned REOs, and trustee sale homes at below market value, rehab them to get them totally rent or move-in ready, find a lease option buyer or a strong long term renter, and package the investment for a buy and hold investor looking for a turnkey, hands off investment with a great rate of return.
We are generally getting 10-14% cap rates for our investors...........
It is a small niche that I have carved out for myself but provides investors with a low risk investment and enables them to actually purchase a property without going through the hassles of multiple offers and such.
The return is strong and the prices are fair and no-haggle. If an investor wants it he will jump on it. We did 25 deals in 2010 and already 50 so far this year. We are also open to Conventional, VA and FHA Loans on our vacant properties. So if you have an owner occupant looking for a home act fast and take a look at our inventory.