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Updated over 3 years ago,
Partner with Operating Experience
It may not be the best idea to try and find a partner on the internet. However, would anyone with cash/operating experience (that would qualify for commercial financing) be interested in partnering on a deal together?
I have cash and depending on the size have a few friends with cash that can also contribute (Appx 100k from myself and each friend?).
I’ve been looking at a number of seller financing deals because I wouldn’t qualify for commercial financing (been looking mostly at multifamily and RV park deals in the Southeast US).
The other thing to note is that if anyone is interested, I’d like to purchase a cost seg report on the property, as well as manage the property on my own through the end of the year before hiring a 3rd party management. This is because I’m looking to accelerate depreciation on the property to be taken in the first year (bonus depreciation) and offset it against my active income.
Let me know if there’s any interest with all this in mind. Thank you.