Purchase price: $165,000 Sale price: $186,000 Contributors: Peter Vekselman Partner Driven, in collaboration with our partner Himanshu Patel, acquired a property on Hiawatha Way in Garland, TX, for $165,000 on 03/14/2022.

We have a client working with our preferred lending partner on a 12Plex with 25% down based on DSCR.

I partner with two private lenders in Charleston who do this - they short-term fund 1st's and 2nd's in smaller balances if they're comfortable with the deal and the borrower. 

Yes, you have more than one option: You could definitely look for private money, but if you are planning on keeping it as a STR, you might want to make them your partners in the deal.

At the moment, my business partner and I are working on a 300 unit MF development with a $68 million total capitalization here in North Texas.

How about finding a JV/Capital partner who contibutes capital for down payment.

Getting started includes educating oneself, starting with small loans, partnering with experienced lenders, and networking with real estate investors.

there is a ton to being a GP syndicator raising 3 to 5 mil 50k at a time.. you now have 100 partners and the amount of oversight  customer care and Risk in my mind has to be considered compared to what you do now which is build sell and make nice bucks without being beholding to anyone but your construction lender. ??

I saw many pre approved ADU partner cost over $250k plus site prep for 500sqft deatched ADU.

This in turn led me to screening speakers (which is how I learned about notes) and even met my business partners who I started my current company I still own today.I still go to REIAs when I can (I just spoke at South Jersey REIA) and not sure anything virtual compares.