How would you go about finding a partner/investor for a deal?

[Kyle Sewczak]

On an episode of the BiggerPockets podcast a while back I recall someone saying, "if you have a good deal, there will always be a way to finance it" (or something along those lines).

I was looking around at large multifamily properties currently for sale, But also trying to find the same type of properties off market. My question is, how do people partner with investors to come up with a down payment? I have confidence that I could negotiate and get a really good deal on a property, but with prices in Denver there's no way that I would be able to come up with a 20-25% down payment. Assuming all the numbers work, it appraises for more than what I'm paying, and it cashflows well, what would be the next step? What would a creative investor do if they had a great deal, but no way to come up with a down payment alone? How would you find a partner, and how would investor partners normally split ownership? Would they go 50/50? Is there a general rule of thumb on how to divide it? I'm sure there's plenty of options, and I would love to hear any feedback/thoughts!

Thanks!

[Kayla Givens]

Hey, @Kyle Sewczak! Great question, and you're definitely in the right place if you're looking for a partner. Are you in Denver? If so, there are a lot of really great real estate meet-ups that you can check out and potentially find partners for. Or, do you have a friend, family member, or acquaintance that is interested in investing? Close relationships could be tough if things were to go sour but always worth finding out AND could be the way you get your foot in the door. Make sure you find a great lawyer to draw up a partnership agreement for you and clearly outline the roles of all parties in the partnership.