Acquisition fee in Holding Apartments will get you paid with no money down!!
When you are looking to hold an apartment complex with no money down you want to bring on a private lender to put the down payment down for the property. Because of them doing that they most likely want to split the cash flow and equity in the property if there is any and when you give them those perks they will pay you an acquisition fee of 3%-5% of the total purchase price of the Apartment Complex at closing!
For Example:
Purchase Price: $5,000,000
Down Payment (paid by private lender): $1,000,000
Acquisition Fee paid to YOU: $150,000 - $250,000
For more information on how this is done send me a direct message here on Bigger Pockets.
Happy Investing Everyone!
Darnell Cooley
Offering