Help Looking For Partners

[Stephen DeFalco]

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  

[Will Barnard]

I would attend some local RE meetups/events and interact with as many people as you can. Let them know the deal you have and gage their interest and abilities to perform. I suggest having most of the financials memorized in your head so when you talk about it, you give accurate real life numbers of the deal and you will come across professional and organized.