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Updated over 1 year ago on . Most recent reply

User Stats

20
Posts
7
Votes
Angelo Russell
  • Real Estate Agent
  • Brooklyn, NY
7
Votes |
20
Posts

Funding Needed for Large Apartment Building

Angelo Russell
  • Real Estate Agent
  • Brooklyn, NY
Posted

I'm looking to syndicate a deal with Joint Venture Partners to get into large undervalued apartment buildings(20 to 50 Units) with great rent potential & a decent Cap rate that can be quickly improved within the first year. Any advice for me? I appreciate being on this forum!

Most Popular Reply

User Stats

401
Posts
394
Votes
Michael Bishop
  • United States
394
Votes |
401
Posts
Michael Bishop
  • United States
Replied

@Angelo Russell JV and Syndication are two totally different approaches. My advice - know the distinction between JV and syndication, understand the ins and outs of each, learn the lingo, etc. before going to raise money! :)

If a college basketball coach went to a recruits house and started talking about how amazing his touchdown pass was the night before, that coach would get no commits and quickly be out of a job!

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