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Introducing Portfolio Deals

Last updated: May 2, 2024

If you know OfferMarket, you know we are an investment property marketplace that connects sellers and buyers without agents and expensive fees.

What you may not know is that we are actively acquiring select rental properties through LLCs that are managed and co-owned by OfferMarket and select limited partners (investors).

We call this our Portfolio product, and we’re excited about it for two reasons:

  1. Sellers get a reliable, competitive offer where they can close fast
  2. Investors get completely passive exposure to attractive cash-flowing single family rental properties

Investors collect quarterly distributions that target 8% annualized yield, and have the ability to sell some or all of their stake on our marketplace at any time.

Let’s take a look at one of the rental properties purchased through OfferMarket Portfolio:

The seller was tired of being a landlord and needed to free-up cash to invest in fix and flip projects in a different market. The seller found OfferMarket online and created their free listing. The property met our criteria with minimal rehab required, performing tenants in place, and an opportunity to raise rent to market rate.

So we submitted our direct purchase offer:

  • Purchase price: $105,000
  • Contingencies: none, AS IS
  • Closing costs: paid by Buyer
  • Financing: Cash
  • Close by: 30 days

Instead of waiting for other buyers on our marketplace to evaluate the listing and submit offers, the seller accepted our offer because it was competitive and time was of the essence.

We closed in March 2021 in 25 days and renewed the tenant at $1,250/month for a 12 month lease.

To date (October 1, 2021), after just 7 months, the property has returned 6.88% to investors. This is without any debt. The property is worth $125,000 - $140,000. If we refinance, the investors will be looking at a distribution of roughly 100% of their initial investment and $500 of monthly cash flow.

Repeat business

Two months later we bought another property from this same landlord who came back to us because of how easy we make it to sell your rental property. That investment property was purchased for $295,000 with tenants set to renew at $3,200 per month.

Sell your rental property with OfferMarket

If you own one or more rental property that you want to sell for terms that are competitive and convenient, create your free listing today to compare offers from verified buyers on our marketplace. If your property meets our criteria, one of the offers may just be from us.

Invest with us in single family rental properties

If you are looking to passively invest in single family rental properties, and you want cash flow, capital appreciation, and exposure to a resilient asset class with tax advantages, fill out our investor form and a member of our team will be in touch.