Looking for money partners on 10 - 30 unit apartments

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Looking for money partners on 10 - 30 unit apartments

Rental Property Investor · Stuart, FL · Member since 2014 · 280 posts · 68 votes

Hello BP,

I have wholesaled 10 SFR and MFR properties in South Florida. I also own and manage 3 rental units.

I'm looking to build capitol for the acquisition of a 10 - 30 unit apartment complex, with an approximate COC return of 10 - 20%

Any and all property management would be handled by me, so you're investment would be completely passive.

Due to the property size, I expect I'll require at least $200k for the downpayment on an 80% LTVloan...depending on how much I can get the seller to carry back.

I'm pursuing markets with great job growth, and stable economic situations. Also, the properties that I consider will only be ones where I'll have the opportunity to force appreciation through minor renovation and increased rents; the properties will already have equity when they're purchased. Further, I am only considering properties that can be acquired at CAP rates higher than market average.

I've gained some momentum identifying properties of this nature through pocket listings brokers have sent me from Kansas City. I'm continuing to build relations with brokers in other cities as well.

Let me know if you or your affiliates are interested in working with me on a future project.

Thanks,

Jordan

772-577-0084

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  • Real Estate Investor · Boca Raton, FL · Member since 2015 · 83 posts · 21 votes
    10y

    hey @Jordan radar. 

    your post sounds interesting and might be something I'll be interested to jv.

    I'll be looking at properties 50+ units in Florida in particular south florida. .

    cap should be 10+ with option for apprication. .

    inbox me if you find something like that. 

  • Real Estate Investor · Boca Raton, FL · Member since 2015 · 83 posts · 21 votes
    10y

    hey @Jordan radar. 

    your post sounds interesting and might be something I'll be interested to jv.

    I'll be looking at properties 50+ units in Florida in particular south florida. .

    cap should be 10+ with option for apprication. .

    inbox me if you find something like that. 

  • Rental Property Investor · Stuart, FL · Member since 2014 · 280 posts · 68 votes
    10y

    @Doron Nissim

    Thanks for your reply. 

    Sourth Florida, particularly Boca is an area I have a lot of interest in as well. 

    I'll keep in touch if anything comes my way.

    - Jordan

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