Advice on purchase/deal structuring

[Carter Henderson]

Hi BP Community,

I have a friend with an amazing multi-family property (I used to live in one apartment and can attest to the quality) in a great location that is continuing to boom as tech companies move in and has great cash flow.

He is looking to step away from the property, at least from an operational standpoint, and is willing to sell all or a part of it.

I can purchase the property the normal real estate investor way with 20-25% down and traditional bank loan. However, I would have to bring in multiple partners to do so.

I am looking for advice or experience from someone who has financial engineered a deal in the past where I could possibly do this deal on my own. I’ve thought of seller financing but the cash flow is so good, it really doesn’t make sense to my friend plus there is still a very small monthly mortgage on the property.

We even discussed me just buying a piece of the LLC that holds the property and using the cash flow I own to continue to pay more into equity. Does this entail different financing options from a bank?

My friend does not need cash right away and is more than willing to accommodate anything I can come up with to make it work. Just need to find a way because the property is ideal.

Any ideas for a financial structure that might be of help to make this happen?

Thanks!