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Updated over 7 years ago,
Advice on Approaching Potential Partners and Lenders
Hello!
I am the finance manager for a property management company in Duluth, MN with 450+ units and I'm looking to jump the tracks from employee to investor. After listening to countless podcasts and reading various real estate books, blogs, etc, I am confident in making the next step. My first child was born three months ago, and it completely changed my idea of success. Obtaining financial freedom through passive income would allow me to provide a stable financial future for my family while still being able to attend my son's sporting events and activities.
With my current position, I am able to offer potential partners property management discounted below the local market standard. Although I haven't personally purchased property, I have experience with multiple successful property acquisitions and gained rapport with reliable vendors in my area. My target niche is under-managed and under-performing multi-family assets. How would you recommend I approach potential partners/lenders with these abilities that I can bring to the table?
Thank you for your time!