Opportunity to acquire a 200 property portfolio

[David Ziccardi]

I have a close relationship with an investor who currently owns a portfolio of around 200 single family investment properties. They are all geographically proximate to each other and are professionally managed. I am in the process of obtaining rent rolls, expenses, etc. to get an idea of how the portfolio is performing. As of this writing I know 98% of the units are occupied. The investor is highly motivated and is willing to provide a significant portion of the financing to get the portfolio out of his hands. (He's been doing this for over 20 years and is just plain tired of it!)

However, I do not have anywhere near the financial capability of purchasing this property. I would love to work with other investors and create some kind of structure to acquire this portfolio that I know has the potential to be cash flowing from day 1. Unfortunately, I do not know where to go from here. The opportunity is right in front of me and I am turning to BP to help me make it happen!

Where do I begin with this? What should I be looking for? Who should I be talking to?

Any suggestions are greatly appreciated.