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Updated about 3 years ago on . Most recent reply

How to raise 100k for my first small multi-family
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!
Most Popular Reply

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.