Property Manager · Denver, CO · Member since 2019 · 30 posts · 13 votes
Seeking partner for acquisition funding of 11 unit apartment in Deadwood, SD. Units are mix of 2 bedroom, 1 bedroom, and studios. Nearly turnkey with only light remodeling needed.
Need partner to bring 20% down ($80k) in exchange for 80% net cash flow for X years, until property is cash-out refinanced. Mortgage can be in name of partnership or in my name. My credit score is 760.
Anticipated gross monthly rent is $3200 with net of $1600.