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Updated over 5 years ago,
Should I roll my SFHs into a Multi-Family apartment building
I have been reaching out to investors in my local network in order to gather equity for doing an Apartment syndication deal but it has been slow going. Therefore I was wondering if it would make sense to sell-out some of my cash-flowing SFH in order to generate the capital for the first deal. I am a bit hesitant to do this because several are completely paid off and with very good tenants.
Should I just be patient and continue working gathering passive investors or jump start the process with more of my own capital?
Has anyone else been in this position?
Thanks,
TMG