Raising Capitol for Multi-Family Deals

Raising Capitol for Multi-Family Deals

Member since 2021 · 7 posts · 2 votes

Hello World,

I'm new to bigger pockets, however, I am definitely a seasoned investor when it comes to property management, rehabs and finding good deals. I currently live in St. Louis, MO by way of Atlanta, Ga. I graduated college about 7 years ago when I started my investment career and now I have about 8 Units rented and 2 rehabs I'm working on. While living here I have seen plenty of deals, I just did not know of ways to finding money. So here I am trying to get my feet soaked in syndication. My goal it to close on 12-36 units within this year. 


I am here because I am looking to learn a lot more. I am wondering if investors like 10% annual return for 3-4 years and 25% return on initial investment at the time of exit (refi or sale), 4 years MAX. I am willing to do bigger deals as well I'm just looking for a good start.


The deal requires 155k for down payment and that is how much I am looking to raise. I am open to all opinions and advice. Feel free to share any advice you have to give. 

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  • Investor · Charleston, SC · Member since 2021 · 263 posts · 122 votes
    5y

    Is this a value add property you're looking at taking down? If so, you may want to think of having enough capital to cover CapX and potentially any other items that pop up after you purchase. 

  • Member since 2021 · 7 posts · 2 votes
    5y

    Potentially, yes, and the reason I say potentially is this property has more of the traditional look at the moment. Laminate tile in the kitchen and traditional cabinetry. So that is some thing I have thought about. These are 3 bedroom units as well with only 6 having central A/C the other 6 have both central heating and cooling (Two separate buildings). So I would take construction cost into consideration when I calculate actual down payment needed.

    What is CapX? Do you mean capitol improvements (roofs, deck, exterior, etc)?

    For now, I have constructed an excel spread sheet that will show investors how they will get paid quarterly and upon exit. 

    Thank you for your feedback. 

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