Finding Motivated Apartment Partner

[Zachary Bellinghausen]

I have a very good but busy w-2 job that I enjoy and keeps me out of state most of the year. Trying to find a central Florida (Orlando Area)multi-family/apartment seems like Frodo trying to get to Mount Doom. The competition is ferocious and I have a hunch most deals are done off market, because the numbers just do not work. Making partnerships, I feel would be a route to help close on a deal and be profitable to all parties involved. Local investors who are have been in the area and know all the little secrets would be so helpful. They may have all the connections to off-market deals but lack some funding. I would like to learn how to reach out to these types. To all the community in BiggerPockets, how do/did you find partnerships and develop them? How do you market yourself and create these types of partnerships. Thanks in advance!

[Cory Carlson]

Reach out to boutique commercial investment firms and dig through their website to see if they sponsor syndications and/or joint ventures. They will have the systems in place to find deals, put clients and capital that work well together and develop the legal structure or operating agreement. Find essentially what my site says but in your area. Someone that is consultative in style and has a hand in the market.