All Forum Posts by: Jeremy Mumme

Thanks Caleb and Nicholas for the comments! I understand that is the most ideal route, however, I have been trying to simulate what Christian Osgood and Cody Davis (appeared on BP Podcast #799) do. They're model is to reach out to current multifamily owners in your market to build a relationship, and eventually get into a seller financed deal from one of those owners. Once they get offered this deal, they take it to investors to fund the down payment. Seems simple and relatively simple to replicate.

I'm interested to hear your thoughts on something like this since they're platform has been my main go to for the past couple of months.

Hi all!

I'm trying to get into my first multifamily property. Ideally, between 2 and 10 units. I'm in need of some expertise on how the whole raising money situation typically goes.

A little about me: I've got 2 kids and a W-2 with not a whole lot extra cash to deploy. I don't think I'll be able to swing a down payment myself (even for a duplex). I'm willing to work with capital partners in a JV scenario, but have no idea how to even approach them with a deal. My thought process is once I have a quality deal, I can then start looking for investors to fund the down payment, renovations (if needed) and closing costs. But how do I go about finding these people? Also, what about the earnest money? A lot of agents want proof of funds and an EMD even before submitting an offer. If I don't have a deal under contract, how can I approach an investor with said deal.

Any advice is greatly appreciated.

Thanks, Jeremy