Looking for partners in portfolio deal
I currently have line on a 2.1 mil 40 bed, 20 bath portfolio deal that I interested in. I have 150K but need more to seal the deal. I am friends with the current owner. He is listing it publicly but for me he would be willing to work with me on the specifics of the property, such as retaining a partial ownership to reduce buy in needed, among other possibilities. I would very much prefer a local investors, as I do not wish to handle this one by myself. Someone who could co-manager the property with me. I could handle a majority of the management.
The portfolio consists of a 10 plex, a 6 plex, and a 4 plex.
Almost all units have been recently remodeled. Roof & heating systems are either new or in great condition.
For those interested message me and I will send my rough analysis and the Zillow posting, He hasn't redone his pdf offering yet.