OPM for a newbie in Houston
A friend of mine is sitting on a lump of ~$1M+ and is interested in investing in Houston real estate. He's not looking to put much work, sweat or effort into the deal, so this is where I come in. Although he lacks experience, he is looking for Multifamily only and is wanting cash flow from the deal.
How can I capitalize on this opportunity in this market? I am basically looking at this as a birddog deal. What would a deal structure look like when the market is bearing small cap rates, but high appreciation? I am currently working on a separate partnership for my own personal investments, and I would hate to lose out on an opportunity for experience and some extra capital for my own investments. My concerns are finding a win-win for all parties involved with tight margins.