Commercial Apartment Complex Problems/ Metro Houston

[Keith Lanier]

I am a former Real Estate Investor, my health was in question for about 4 years, and I have lucky and blessed to finally start to get back into the Game, I have never had any experience in apartment complex investing, my family have managed units for more than 30 years, that was my mother and she is not here anymore...in talking to the owner of the Complex, I see he doesn't have the effective managerial experience to do the job well enough, and the units are becoming deplorable, he has a gold mine, because where the units sit, right now the units, sit maybe within a mile to two major universities, one being UOH, that would be the University of Houston, and the next would be TSU, and that would be Texas Southern University, not ivy league, but top Universities, and the area supports it with what it cost to live in this area, that being said....He wants a ridiculous amount, for the units, but there are not cash flowing like they should, under managed, so we talk about a sale, and he is willing to sell, but I will need a strong partner to make this happen....Love to talk more to someone that has high net worth that could bring equity to turn these around....I have Commercial Financing that wants to paly, but I am not strong enough, with a a capital partner...Anyone? Anyone other than someone that is scamming or looking to take advantage of someone new to this table, we have strong Real Estate advisors, and legal up if we happen to put something together...thanks in advance!