Up-Sizing from 4-plex to a 70 door complex

[Gregg Heminger]

Okay - closed on our first 4-plex last August and now we are looking at an opportunity to expand rapidly into a 70 door apartment complex.  The seller has offered to put up approx half of the down-payment, we have $100k, but still need something in the neighborhood of $200k.  It will be a very solid investment - any thoughts on how you've structured loans with subordinate creditors, and how you approached investors regarding terms would be super helpful.

Thanks BP!