We Buy and Sell Ideal Spaces for PadSplit Rental Properties

Markets: Click here and select ‘find a room’ to see the current list. It updates regularly.

Cash and Creative Deals Preferred

We’ll buy, renovate, and convert: Duplex, Triplex, or Min 3/2

1200-6000 SQ FT

1 Acre or Less

Neighborhoods: B- to D+ (no upscale A/B)

MAO 90% or Less of ARV

Entry Fees 10% or Less

Interest Rates Under 5%

Balloons Over 7 Years

Medium to Light Renovation Only

Preference Given to Properties with

• an Attached Garage

• less than 10 mins walk to public transportation

• near green space (or green space on property)

• short walk to food like convenience store, grocery, or fast food restaurants

• parking for 4 cars (street, driveway, or ability to add gravel pad on lawn to increase parking)

No HOAs (occasionally HOAs will permit affordable housing, but not typically)

No shared driveway with neighbors (driveway not necessary)

Mix of renters and owners on street (no streets with only homeowner residents)

1960 or newer (not a hard rule as this varies by market)

Underwriting: breakeven as LTR

Less than $1MM

Can be flexible in some areas if a deal looks great in many or most of the other areas. If you aren’t sure, just submit it and we’ll let you know.

Will JV & pay you or just buy flat out.

Find out more about PadSplit members and what makes a good PadSplit property here.