I want to acquire a 20-30 apartment complex in Phoenix

[Carlos Gonzalez]

Like the title says I want to acquire a 20-30 unit apartment complex in the Phoenix area the problem is that I only have $80,000 in capital. What can I do to get what I want with this money I have? I welcome all ideas or strategies.

[Brandon Hicks]

Cara Lonsdale

I purchased a nice 16 unit apartment complex for less than $2000 out of pocket (upfront insurance and $1000 earnest money) and received over $14k at closing and then collected another $8k in rents the first week I owned it. It was seller financing with no realtors involved. I’ve done many smaller deals with very little money out of pocket as well.

To get these deals you just have to focus on off-market properties where you can develop relationships with the seller and really build a win-win structure for both parties.