Finding an Equity Partner
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