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Updated almost 6 years ago,
How have you structured partnerships in MF apartments ?
Hi BP - for those of you who've acquired multifamily apartments through strategic partnerships how have you structured these partnerships and how did these partnerships come about? @Dustin Maxwell
Here's what I'm not asking:
- I understand that there are multiple ways to do it, I'm curious how YOU did it and your experience (good or bad)
- Not asking for legal advice, definitely aware to be diligent and cautious in that process and seek legal help when necessary (always lol 😉 )
- Excluding large syndications 100+ units for now but in this discussion mom & pop ones around 4-50 units
Ideas that I'm aware of but always open to hear more about:
- Strategic Equity in a deal - I like the way @Sterling White described setting up his first deal this way in episode 308 - find the deal, ask for equity.
- Master Lease Agreements- yet to meet someone actively involved in one - anyone here?
- Joint Ventures - familiar with on the selling side of SFH/ wholesale but what about MF acquisitions?
- Property Management - read about this in "The landlord Entrepreneur" by Bryan M. Chavis - thought that was neat - uses himself as a key partner in a deal to manage the property.
….I'm aware that there may be more, and if so please share - I’m definitely curious to hear about YOUR experience and or one of someone you know and what you liked and didn’t like about the partnership, what you would do again and wouldn’t do? Thanks in advance BP!