Big multi family investors
This is my first post so i would like to introduce myself. My name is CJ miles. I'm currently 30 years old. I wasted most my youth goofing around when i should have been investing in real estate. I am currently serving in the US ARMY but i do wedding photography on the side.
I was reading a couple books by Ken McElroy. Which im sure most of you have. Now i have a question as far as aquirering investors, how exactly do i find the rich people to help me with my down payment on a mortgage. I have pretty good credit (800+) and $30,000 in the bank that i would like to use in funding my due dilligence and other expenses when searching for the right medium sizes apartment building. I am thinking 12 - 30 ish units to start out with. I found some properties on loopnet ranging in the 10 - 15% cap rate. That is an incredible deal and 100% occupied at that. My other question is how do i go about verifying the cap rate.
Thanks in advance,
CJ Miles