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Updated over 2 years ago,
Help Looking For Partners
I'm in the Chicagoland area looking at acquiring a second rental property (currently own condo I'm renting and looking to grow my portfolio) and at first was looking at SFH's since I don't have a ton of capitol for a down payment but after working the rental reports the CoC ROI's just weren't there so pivoted to looking at multi-family properties. Found a great building with a 10% CoC ROI but since I'm not house hacking this property (live in a SFH with my family) I'd have to go through the conventional loan route and I don't have the liquid capitol for a conventional 25% down loan without a partner.
Any advice on how to find and approach possible partners with a deal like this?
Thanks,
Stephen