The Buyers Utopia Network of investors is actively looking to acquire portfolios of occupied and rented bulk single-family houses throughout the United States. If you are an owner of portfolios of rented single family homes [iphorm_popup id=1 name=”Contact Form”]Contact Us[/iphorm_popup] Our individual investors & institutional private equity funds are in need of investment grade residential assets. Your rental properties are in demand and you now have a viable exit strategy for your properties. Local and regional asset teams that are buying, fixing and renting houses in markets throughout the US should update us periodically with their changing inventory.
Our investors currently seek to acquire portfolios of rented homes in the U.S. for CASH purchases.
Our single family home portfolio buyers will be acquiring predominately Class “A” & “B” portfolios of currently rented homes that have both the potential for increased yield and appreciation. The markets that our buyers will invest in are markets that they believe have more upside value through the potential for rent increases, and home appreciation.
Currently the focused target states are Arizona, Texas, Nevada, California, Oklahoma, Georgia & Florida, Kentucky, Tennessee, Virginia, Indiana, North Carolina, Utah and Colorado.
The main target markets for acquisitions of residential portfolios are as follows:
- Houston, TX
- Jacksonville, FL
- Phoenix, AZ
- Las Vegas, NV
- Dallas, TX
- Atlanta, GA
- San Jose, CA
- Fort Lauderdale, FL
- Los Angeles, CA
- Tulsa, OK
- Anaheim, CA
- Denver, CO
- San Francisco, CA
- Austin, TX
- San Antonio, TX
- Forth Worth-Arlington, TX
- Salt Lake City, UT
- Raleigh, NC
- San Diego, CA
- Louisville, KY
- Oklahoma City, OK
- Charlotte, NC
- Tampa, FL
- Richmond, VA
- Nashville, TN
- Indianapolis, IN
- Miami, FL
Residential Portfolio Underwriting Details
Our investors look for single family home portfolios that have between 5-200 rented homes per transaction. The minimum acquisition cap rates that they will consider are dictated by a number of factors, including but not limited to the market, age of the property, location based risk, operating expenses . ClassA single family assets can trade in high single digits 8% -10% gross rental yields while Class B -C single family property in the low double digits from 10%-18% gross rental yields for .
On all portfolios, the expenses must be 50% or less (including property management, maintenance, tax, insurance, vacancy, HOA, & credit loss). Tenants must not be in default or late on rent payments. All deferred maintenance will be deducted from the purchase price. Our investors will consider and often prefer to hire existing property management.
In order for the portfolio to qualify as a “A” Class home the following criteria must be met: Average Rent = $1000+, Year Built = 2000+ , Built with Brick, Stone, or Stucco (minimal vinyl siding) have a Garage. Preference to 3 Bedroom 2 Bath or larger properties.
In order for the portfolio to qualify as Class “B” Rental Homes the following criteria must be met: Average Rent = $800+,Year Built = 1980+ and/or has been substantially updated and rehabbed, Built with a combination of Brick, Stone, Stucco, or vinyl siding has Garage/Carport/ Driveway. Cap Rate preference to 3 Bedroom 2 Bath or larger single family homes.
Bulk SFH Portfolio Sellers: If you have a portfolio of rented single family homes that meet’s our networks acquisition criteria [iphorm_popup id=1 name=”Contact Form”]Contact Us [/iphorm_popup]
Bulk SFH Portfolio Buyers: If you are an investor looking to acquire a small single family home portfolios [iphorm_popup id=1 name=”Contact Form”]Contact Us[/iphorm_popup]