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Updated about 4 years ago on . Most recent reply

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10
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2
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Robert Keeling
2
Votes |
10
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**Completely new investor here** any help appriciated

Robert Keeling
Posted

Hey everyone,

      My name is Robert and I am stationed at fort Campbell, KY which is very close to Nashville, TN and not far from Memphis, Bowling Green, Knoxville, ETC. Currently I have one long term rental located in the city outside my base, and I'm looking to expand. My goal is to hit 100 units. I want to get into multiunit properties, but with my current pay (its the army, so no.... its not much) I can only really afford to get into something around $200,000 and I do not have much, if any, capital on hand. I guess my main question is where do I find investors that would be able to provide the down payment, if not most of the cost, in return for equity, ETC.? Im at a stand still because im just not sure where to go to find these investors, let alone pitch them a deal. It blows my mind thinking of people buy these multimillion dollar apartment complexes, but i suppose they arent just using their own money. 

     What is you best piece of advice for finding and utilizing other peoples money to fund deals that I find to make both me and the investor profitable?

Most Popular Reply

User Stats

75
Posts
29
Votes
Wala Habiby
  • Real Estate Agent
  • Knoxville, TN
29
Votes |
75
Posts
Wala Habiby
  • Real Estate Agent
  • Knoxville, TN
Replied

@Robert Keeling well I would ask you, what can you bring to the table? Money is "easy" to find when you have the right deal, or you can bring something to the table that other people dont have or would need. Once you figure out what you can add to the equation then you can figure out how to build on it.

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