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Updated about 3 years ago on . Most recent reply

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7
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Brandon Pearl
  • Vancouver, WA
3
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7
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How to raise 100k for my first small multi-family

Brandon Pearl
  • Vancouver, WA
Posted

Hey BP friends, I need some advice. I am looking to purchase my first small multi-family, but I need to raise some cash for a down payment. My question is, what have you done in the past to raise funds for a deal such as a small multi-family? What conversations are you having with possible partners? and what do you offer them?

Thanks in advance for all of the help! 

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Taylor L.
  • Rental Property Investor
  • RVA
4,678
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Taylor L.
  • Rental Property Investor
  • RVA
Replied

Most people would either look to do this as a Joint Venture (JV) or borrow funds from a private lender. JVs tend to work well when you can identify aspects of the business that aren't your specialty, then find a partner who can fill that role and provide capital. What you offer them depends on what they do and how much they bring to the table. @Ari S. is doing midsize multifamily deals using this type of strategy.

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