🏘️Seeking Real Estate Partner – Co-Own 4-Unit Multifamily with $0 Down - Help Manage

[Richard Evans]

I’m an experienced real estate investor based in Florida, currently seeking a partner to join me on a fully capitalized multifamily project in St. Louis, MO. I will be flying there for the duration of this project. I already have all funding, deposit, down payment, closing arrangements, rehab funds, and professional services are already in place and taken care of. I'm looking for a real estate partner to help operate the property post-rehab — and in return, receive equity in the property and it's monthly rental profits. I won't require you to have any money out of pocket invested at all. I will require you to have a 680 credit score however.

✅ About Me:

• Active real estate investor with multiple successful fix-and-flip projects completed

• Owner of a Florida-based LLC with 3+ years of operations

• Over 1,300 invoiced work orders completed for institutional clients in 3 years, including major national landlords

• Licensed electrician and hands-on with general contracting and property management

• Experienced in sourcing, rehabbing, and operating income-producing properties

🏢 Project Overview:

• Asset: 4-Unit Multifamily + Large 2,000 sq.ft. Convertible Basement

• Location: St. Louis, MO

• Size: ~4,000 sq ft (plus ~1,500–2,000 sq ft basement)

• Units: (4) 1BR/1BA 900 sq.ft. apartments

• Post-Rehab Rents: $800 × 4 = $3,200/month

• Low Taxes & Maintenance: Favorable long-term cash flow

💰 Deal Structure:

• Purchase Price: $40,000

• Rehab Budget: $100,000 (held in escrow)

• Financing: $160,000 - I am personally taking out this loan and will close this month

• Closing Costs, Deposits, Appraisal, Insurance: I have already covered

• All logistics arranged: Title company, escrow, contractors, materials, etc. all covered

📈 Value & Profit Potential:

• ARV Estimate: $350,000+

• Cap Rate-Based Valuation:

  • At 8%: ~$475,000

  • At 6%: ~$630,000

• Monthly Net Profits (Post-Mortgage): ~$1,200–$1,600

• Additional Upside: Basement can be converted for extra rental income

🤝 Role & What You Bring:

You will join as a real estate partner with responsibility for remote (work from anywhere) operational tasks post-rehab:

• Posting rental listings and ads

• Responding to inquiries and tenant screening

• Application processing and lease coordination

• Tracking income and expenses

• Overseeing bill payment and monthly operations (insurance, lawn care, utilities, etc.)

• I will provide all templates and training, etc.

Your only required contribution:

• Must have a credit score of 680+

• We will both open a joint business line of credit under the LLC, that the LLC will use for this property's operational costs

• This credit line will be used exclusively for:

  • Initial Rehab material costs (We complete $10k of the rehab, they release $10k from the escrow account. We pay the business card in full and continue rehab.)

  • Monthly property expenses (paid in full monthly from rent roll)

  • Operational purchases (repairs, maintenance, etc. paid in full monthly from rent roll)

You’ll have full access and transparency with our joint account, with all purchases verified and strictly limited to project-related use.

🎯 What You Get:

• Equity stake in the property

• Monthly profit share from net rents

• Participation in future refinance or sale proceeds

• Full legal JV agreement with protections and shared ownership

• No cash out of pocket required

This is a hands-on, work-from-home opportunity to partner on a value-add multifamily project with strong fundamentals and an experienced operator. You'll gain ownership, cash flow, and long-term equity — in exchange for operational input and the joint establishment business operational line of credit through a legitimate LLC.

If you're interested in partnering, feel free to connect with me via BiggerPockets messaging.

Thanks for taking the time to read.

— Richard E.