Seeking a Large Multi-Family Apartment Deal, Yet Don't Have Much

[Kyle Lauriano]

All,

I am interested in going into a large deal (16+ units) opposed to a small MFA deal. How can a young, eager minded individual like myself get into these market deals when my capital is less than 100k?

Is this even possible? If it is possible, how does this work?

Thanks,

[Todd Dexheimer]

@Kyle Lauriano here is how: https://www.biggerpockets.com/blogs/10145/70092-ge...

1. Buy smaller buildings with your own cash and track record. 

2. Buy buildings with partners that together have the money and track record.

3. Syndicate – this in my mind should be done by sponsors that have experience with small multi-family at a minimum. 

4. Raise money for a Syndication – This is a great beginner’s way for someone that has a network and wants to get involved in the deal. This allows you to invest in the deal and build your investor network as well as likely take part in the General Partnership. 

5. Invest your own money in a syndication. Be sure you find ways to be involved.

6. Be a bird dog and find the deals for other apartment buyers.

7. Volunteer or get paid to work with an investor. Be sure you can add true value by asking people you know to help them. 

8. Start small. This is what I did. When I started I was buying 1-4 unit buildings for rentals and I was completing flips. Really buying any real estate that will make you money will be good experience, but buying real estate that is closest to you final goal is the best. The other thing with this strategy that I would suggest is to use private money and partnerships in order to build relationships. I know you will give up some of the deal, but you will be rewarded with potential money partners when you make the transition.

9. Become a property manager, real estate agent (commercial), appraiser, inspector, mortgage broker, etc. Becoming a professional that works with the industry is a great learning experience and a good way to build income and networks in order to do it yourself.