Some ideas needed for larger multifamily (150+ units)
Periodically, I've been coming across some nice looking deals for larger multifamily properties ($5-10m range.) I'm interested to know if anyone has any tips or suggestions for putting together these deals, specifically, assembling partners, financing tips, etc. The friends and family circles (at least my circles) would find it rather difficult to jump into deal sizes like this, so any general tips and suggestions would be welcome. Just FYI, I don't have a million dollars in cash available!
Thanks! I'm not necessarily trying to jump into a particular deal, though I've been finding and analyzing quite a few and it seems like some of them might be very attractive. By the way, this is not a solicitation for partners.. (Although if anyone wanted to chat in general terms, it's certainly welcome.) The purpose of this post is really to develop a plan on how to get into those bigger properties and the strategies that work and those to be avoided.