Updated almost 17 years ago on . Most recent reply
To own or not to own an apartment...
I have had a lot of multi-family opportunites come across my desk, before they hit Loopnet or MLS and quite a few are appealing, but a recent seller is offering owner finance. Understanding the mortgage climate and being a banker and investor, it is challenging to acquire $$. However, what is the best way to find an equity partner, or a partner who needs to put cash somewhere for a double digit positive return, lending investor, etc. I have brainstormed so many ways to structure the deal, but unable to find local institutions don't want anything dealing with residential/mortgage and private investors scared of market. I'm willing to do all the work, and remove some risk with appropiate insurance, and an equity investor to put up funds for 1/2 the ownership. Right path, wrong path?