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Updated 6 months ago on .

User Stats

131
Posts
106
Votes
Andrew Jennings Freerks
  • Developer
  • New York
106
Votes |
131
Posts

Seasoned investor, looking for a junior investor to partner with

Andrew Jennings Freerks
  • Developer
  • New York
Posted

Hello BP members,

I am a seasoned investor, who has found a solid deal in the Albany Capital Region.  The property has a value add component, and diversified income streams from both residential and commercial tenants.  I am looking for a junior investor, who is looking to get their "feet wet" on a $325,000 purchase.  The junior investor would bring the capital, and I would bring the deal/ teach them everything I know about real estate investing (10+ years experience, 40+ units currently owned).  I can also leverage my knowledge of the area and connections to increase the value of the property.  Once stabilized, the property will have a Cash on Cash return of 20%+ (it currently has a 10% annual return).  Please send me a message if you are interested in working together.  Thank you