Get to know some investment brokers in your market. They are always coming across deals and are more likely to include you on projects they invest in if they know you.
If you already have the partners/funds, etc. and want to go about it on your own, you will then need an attorney to draw up a partnership agreement.
A good deal money-wise will be something that has the opportunity for value add. You will want to find an asset that is underperforming and you are able to bring it to stabilization. This could be a property that is not fully leased or is fully leased but at below-market rents. To find them you will need to network, look at MLS or Loopnet, and search tax records for owners who may have owned the property for a lengthy time and may be ready to sell.
Are you bringing money/financing, land, management experience, a business plan, is there enough meat on the bone, etc
If you’re not bringing any of these then would not go down the partner road. Even if you do have these don’t recommend you go down the partnership road. . Looking at your other posts you’re looking at Tyler and Dallas, Texas area.
If you’re looking for funding, recommend you snowball your own money. You’re in Texas. Best state for property tax sales. Recommend you get educated on the auction and sale process.
Was down over Thanksgiving 20 minutes southeast out of Dallas. My brother and I sat down with our two nieces who were interested in getting into REI. Easily found two properties within 20 minutes of Dallas that I would have done.
1. 3 acres. This had $2x,xxx back taxes. You could just buy. Off auction list. Problem has high tension power lines above it. So you can’t build permanent structures underneath. Great for RV and Boat storage. Get it started, then sale.
2. Same road as above. 10 acres. This went up for auction in December. Problem with this property is the water drains through the middle of the property. Clear a good drainage path. Put a small pond at the end of the property. Subdivide the land into two parcels and sell.
Do the above a couple of times to get your snowball going. Then do your MFH deal without partners.
Whats your asset class/ What deals are you looking at everyday? Underwriting every day? I posted a video on joint venture, thats probably your best shot, low cost, easy upside