All Forum Posts by: Andrew Caton

Hi Amber great to hear your interested. I follow Grant Cardone on youtube. I dont agree with everything he says but he really knows the apartment game. I learned alot just by watching him analyze deals from people calling in to his podcast, to deals he has under contract, and even his past deals. There is a huge playlist on his youtube channel dedicated to apartments. Check it out! And keep us posted on your progress. Good luck!

Awsome! Looking forward to your updates

@Konner Bergstrom Broker emailed it out. I'm on a bunch of mailing lists. I try to look at min. 5 deals a day, 3 in markets I like and 2 where I live. 

@Chris Tracy Thanks! 

@Oleg Shalumov yea that's what I was thinking, thanks for the response.

Hey all I need some advice, I found a deal and I know a guy that can take it down. Its exactly what he looks for, I dont mind helping the guy but is there a way to structure it so that I can get a finder's fee? Or is that asking too much? Any input would be great thanks

I am new to multifamily and I'm glad to see so many knowledgeable people on this thread chiming in. I learned very quickly that not all "syndicators" are created equal. I trusted this group and thought I had a future with them. I knew exactly what they were looking for and what markets they loved. Since I am a new and have no experience with raising capital or closing deals, I offered to help find them a deal. In return we were supposed to "work something out" if I could find them a great deal. After months of work I found it, brought it to them, and got nothing. After being ignored for a few months, I found out they closed on this deal because they use Meet-up events and webinars to present their new deals and raise money. I guess they forgot I was still on the mailing list! I do take responsibility for just taking their promise and going with it. But I couldn't help feeling like because I'm new, they knew I would be a little naive. I definitely wish I could go back and post in a forum like this to get some answers. 

The money isn't the problem. I can raise the capital. However if I get with help with that then great. I need help getting financing for the deals. I don't have a proven track record yet so I need a sponsor who does and can get great financing from the banks

I'm just starting out in multi family. I haven't closed any deals but I've been looking for over a year now and I've come across 2 that I know are great deal. Because of my experience I couldn't close on them. I'm looking for someone to help me close great deals that I find. Idc about how much equity I get, I'm just trying to get my foot in the door. I look in central and South Florida, Arizona, Houston, and Atlanta. Let me know if you'd like more info about me. Let's do some deals!!!!

Yes exactly. He can pay down and draw on again. Not hard money loan. It sounds like hard money. I'm trying to figure out why he wouldn't just want a hard money loan instead of HELOC. He can go to any small bank or credit union and get a better rate