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Updated about 11 years ago on . Most recent reply

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9
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3
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Danielle Phillips
  • Investor
  • Midland park , NJ
3
Votes |
9
Posts

Finding an Equity Partner

Danielle Phillips
  • Investor
  • Midland park , NJ
Posted

I am not sure that I am posting this in the right place. 

I have come across a really good deal for a 96 unit apartment complex, and the person I believed would be partnering with me on the deal is unable to come up with the necessary funds. 

I am trying to figure out the best way to find a new equity partner to help me be able to close this deal. I'm not going to sugar coat it - this is my first deal of this type. However, I worked as a property manager on a property in midtown Manhattan and am familiar with getting struggling properties performing. 

So that said - where and how should I be looking to meet someone? Should I be looking closer to the property (which is out of state, but near family I have in the state where the property is located) or should I be looking closer to me?

Any help or input would be greatly appreciated. 

Thank you in advance -

Danielle

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