To own or not to own an apartment...

To own or not to own an apartment...

Real Estate Investor · Dallas, AL · Member since 2008 · 2 posts · 0 votes

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?

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  • Real Estate Investor · Phila., PA · Member since 2008 · 41 posts · 1 vote
    17y

    If it really is a good deal, you should have no problem finding an equity partner.

    For starters, are you a member of a local real estate investing assoc.? That's one place to start.

    Real estate auctions are another place to find partners. People there have cash to invest in real estate. These are people you only have to convince about you and your deal, not the merits of real estate.

    Networking in the local real estate forum here on Bigger Pockets is another place you may want to become familiar with.

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