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Updated over 6 years ago on . Most recent reply

I don’t understand how they do it
Most Popular Reply

As @David Thompson mentioned, it is likely that the investor did a syndication or at least a partnership to qualify for that first building. In it's most simplest terms, it's a group of people pooling their resources to buy a building.
I recall a few years back I was perplexed after meeting someone younger than me who bought a large apartment complex and I knew they didn't have a lot of money. If you're interested in learning more, there are some great resources including the podcasts from @Todd Dexheimer and David's articles. I've written an article on our first large deal to dispel some of the mystery. Also @Joe Fairless just released a book on apartment syndication which is worth a read.
With all of that said, the best advice I could give you is to reach out to that investor, buy them coffee and ask them exactly what they did.