Multi family funding/finance question

Multi family funding/finance question

Investor · CA · Member since 2018 · 22 posts · 12 votes

Hi.

Here is a case. I have 500k, and there is a value added deal, asking is 3.1M and with upgrade the value can goes up to 4.2M. Is there any way I can fund for the deal or finance it?

Thank you

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Danny RandazzoPro Member
Apartment Syndicator · Charleston, SC · Member since 2016 · 973 posts · 728 votes
5y

@Sean Zhang yes you can. If you have a good investment opportunity you should be able to find partners or investors to bring capital to purchase the deal.

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  • Investor · CA · Member since 2018 · 22 posts · 12 votes
    5y

    @Ola Dantis Hi Ola, thank you. I agree with you. Right people make us grow and strong. I partnered with my friends in other businesses before. So there is no reason for me to don’t partner with others in Real Estate investing.

  • Investor · CA · Member since 2018 · 22 posts · 12 votes
    5y

    @Shannon Robnett Hi Shannon, thank you so much for your advice. That is why I post this question. I know doing business is not easy, especially real estate(compare to other businesses I am doing). This post help me gains lot of knowledge, I am glad I ask question here.

    I will find partners for future investment.

  • Developer · Boise, ID · Member since 2020 · 173 posts · 198 votes
    5y

    @Sean Zhang if I could give my 25 year old self some advice I really wished he would have listened to it would be to become the "new guy" on an experienced team and slingshot my career in RE light years past where I am today by simply  mentoring and learning by watching instead of insisting that I make every single mistake on my own.  SMH at the time I lost and the fortune I missed out on.

  • DJ DawsonBusiness Member
    Real Estate Agent · Sacramento, CA · Member since 2015 · 394 posts · 259 votes
    5y

    @Sean Zhang how many units? 5+ calls for different financing. Need more details.

  • Investor · CA · Member since 2018 · 22 posts · 12 votes
    5y

    @DJ Dawson Hi DJ. This is a 36 unit apartment building.

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