Brian B does a little investigation to find out that this GP had basically zero experience in the space yet took down a 50 mil dollar apartment in Houston ( not sure how they talked lenders into that one) but there is 10 mil in investor money that got wiped out as Brian showed this investor that the property went to foreclosure and reverted to the bank ( no one bid it).

Quote from @Dana Yobst: Quote from @Julio Gonzalez: @Dana Yobst While it may seem like a simple concept, it's actually a very complex process that requires significant documentation as well as specific methodologies.

The sheer complexity of this matter alone is enough to illustrate the problem, but this is just the tip of the iceberg.

I see that you're a developer so if you were to build apartments instead, you might want to look at data specifically for apartments instead of lumping in houses/townhomes.

I would like to know your strategy for finding these landlords, especially in large apartment buildings if you are dealing with a property management company

PS: I know billionaires with less complex structures.

Going into the unknown and buying multiple SFHs/duplexes or an apartment complex OOS and my property taxes will skyrocket (property tax is reasonable thanks to Proposition 13 in CA).

I am looking to buy an apartment complex in the greater New Orleans area.

But I know I have all the legal side set up LLC, Business Checking account, Business Credit card, and getting my permit for STR since you need one in Alexandria VA.I just find it really hard to message landlord/apartment complexes/management companies since I'm very experienced and was wondering if anyone could give me advice on what to say and how to go about pitching my business model to landlords.Right now what I email them is along the lines of "I hope this email finds you well.

We have inherited apartments with grow labs, felons, roach infestations... almost anything that you can think of.