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Updated almost 5 years ago,
I have a successful property portfolio-how do I get investors?!
Over the last three years, I've invested in 5 single family/condo properties that generate an average cash on cash return of 14% in Knoxville, TN. I'm pretty happy with it and try to pat myself on the back for it - but I need to speed this up! This is a baby step in my larger goals.
I'd love to bring on a passive investor to help move this faster. My thought is - who doesn't want a 14% return for a passive investment? "Fund the deals and we'll go 50/50 on another property portfolio of 5 properties and aim for the same return - the model is proven".
However, I hate asking for money, but I know this is one of the only options to take my property portfolio to the next level. Any thoughts or stories on how others have approached getting passive investors?
I know the normal BP responses of Brrrr'ing and other forms of lending - but this is the particular route I'm interested in hearing stories on if you have 'em!