How to raise money to buy an apartment complex.

[Monique Dunmore]

Me and my significant other are highly interested in buying our first property in MD. It’s a 12 unit apartment building.

I would like to know what are the different types of ways we can finance it. We both have 700+ credit scores and he has $50k. We need a total of $250k for the down payment.

Any help guidance, assistance, or tips would be nice in reference to the best ways to get funding.

Thank you in advance!

[Taylor L.]

This may ultimately be too small to make sense as a syndication. Syndication has fixed legal costs that are in the tens of thousands, and may eat up too much of the budget for a property like this. This may make more sense to take down as a JV with other active participants.