I have a cash flowing deal here in North Texas a 14 unit property in 2 buildings; 6 1-1 units, 6 2-2 units, and 2 3-2 units with 1-car garage for each unit all are rent except one and all the numbers make sense. Current GMI is $14195 should be 16650. I am treating this property as a value-add play, rents are well below market rates and some units are due for a rent increase. I had the financing lined up but my cash partner backed out last minute. I'm looking for a partner to finance the down payment of 300k, the rehab, as well as the closing costs and holding costs for 6 months. Either as a private money loan which will be paid back after a refinance, or as an equity partner and we can share in all the benefits of this property. My contractor and I have some good ideas to improve this property. My property manager walked it with me as well and thinks it will be a great rental for the area.

This was going to be my first deal as an investor in Multifamily and I realize that I have a lot to learn, I now realize multifamily is a different beast compared to residential investing but I really don't want to let this opportunity go to waste. If anyone is interested or has any questions please contact me ASAP! I don't think this deal will stay long. Thank you!