New member introduction

[Raymond White]

Hello, Raymond White here from Arkansas. I close on my first duplex here in a few weeks.

The information I’m currently seeking is how to run a bigger playbook. How to go from small deals to larger ones. I could change my mind but not interested in syndication as a method to do it. I’m interested in turning and utilizing leverage on a small portfolio to buy larger assets.

Thanks!

[Mack Benson]

@Raymond White, congratulations on finding your first duplex, that's huge. It sounds like you are interested in getting into the multifamily space and there are a couple avenues you could go down but you said you are not interested in syndication so that is going to limit the options. You will need to have some way to come up with a down payment of 20-25% and that will either need to come from you or come from a partner. There isn't a magic formula here, somebody needs to come up with the capital for the deal. You could negotiate the seller to carry a second note for the amount of the down payment but that is a tough negotiation to complete unless you are an expert and really know what you are talking about. 

One of the best things you can do at this point is to network. If you decide to go down the equity partner route it will be good to have a deep bench of potential partners to pull from. Also, if you decide to pursue the syndication route later on you will already have a head start on building your network.