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Updated about 2 years ago,

User Stats

11
Posts
4
Votes
Frantzy Louis
  • Wholesaler
  • Delaware
4
Votes |
11
Posts

How to find good syndicators for a 64 unit

Frantzy Louis
  • Wholesaler
  • Delaware
Posted

GM all. I just locked down a 64 unit in Stockton TX. I find it very hard to find a buyer for it, I’ve been marketing it for a week and I haven’t met any serious buyers. 

And I'm convinced that the deal is good. It's a 64 units, located in Stockton TX, light rehab, asking is 2.460m, Current Monthly Rent: $25,250 Potential Monthly Rent: $79,000, potential cap rate is 25%, ARV is 9m if you sell at 7% cap rate. A great value add on opportunity overall.

This is my first dealing with a deal as big as this, I’ve work with 10+ units but not 60+. I’ve known the owner for quite some time and I don’t want to let him down, he’s old and is motivated to sell. If you know anyway I can go about finding serious syndicators for this deal please share your thoughts. Thank you in advance. 

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