Seeking Money Partners for 10 - 20 Unit Apartment Acquisition
Hello BP,
I have wholesaled 10 SFR and MFR properties in South Florida. I also own and manage 3 rental units.
I'm looking to build capitol for the acquisition of a 10 - 30 unit apartment complex, with an approximate COC return of 10 - 20%
Any and all property management would be handled by me, so you're investment would be completely passive. I am also affiliated with the NRT Property Frameworks property management team, and have a list of qualified referrals.
Due to the property size, I expect I'll require at least $200k for the downpayment on an 80%LTVloan...depending on how much I can get the seller to carry back.
I'm pursuing markets with great job growth, and stable economic situations. Also, the properties that I consider will be ones where I'll have the opportunity to force appreciation through minor renovation and increased rents; the properties will already have equity when they're purchased. Further, I am only considering properties that can be acquired at CAP rates higher than market average.
I've gained some momentum identifying properties of this nature through pocket listings brokers have sent me from West Palm Beach. I'm continuing to build relations with brokers in other cities as well.
Let me know if you or your affiliates are interested in working with me on a future project.
Thanks,
Jordan Redar
772-577-0084