Hey everyone,
My name is Robert and I am stationed at fort Campbell, KY which is very close to Nashville, TN and not far from Memphis, Bowling Green, Knoxville, ETC. Currently I have one long term rental located in the city outside my base, and I'm looking to expand. My goal is to hit 100 units. I want to get into multiunit properties, but with my current pay (its the army, so no.... its not much) I can only really afford to get into something around $200,000 and I do not have much, if any, capital on hand. I guess my main question is where do I find investors that would be able to provide the down payment, if not most of the cost, in return for equity, ETC.? Im at a stand still because im just not sure where to go to find these investors, let alone pitch them a deal. It blows my mind thinking of people buy these multimillion dollar apartment complexes, but i suppose they arent just using their own money.
What is you best piece of advice for finding and utilizing other peoples money to fund deals that I find to make both me and the investor profitable?