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Updated over 4 years ago,
Highly Distressed Vacant Value Add Multifamily. Worth the Risk?
Hello awesome investors. I'm looking to start taking on highly distressed multifamily assets in the midwest and then expand into other markets. As a flipper in Las Vegas and with my experience as a regional property manager, and in construction I've wanted to take this on for a while and now feel that the time is right and I'm uniquely suited for this niche. I can handle the acquisition, design, construction, and selecting the right team for lease up and management but I'm going to need some team members to handle the accounting and legal side. Who is out there kicking arce in this niche? Who's out there interested in getting involved? I'd love to connect. Like to get some ideas on raising capital, and how to structure the debt or equity splits. Considered the riskiest in this area I understand the challenges that this entails but also understand the upside on these investments. I already have an 18 unit that I've had for awhile that I'm thinking about starting now.