You need to understand their goals before structuring the partnership and analyzing apartment deals.For example, if you investors want a CoC return of 10% per year and a 5-year IRR of 16%, then your business plan needs to meet or exceed those returns.

@Kevin Leppink I’m not sure how similar Utah is to NC, but as RE agents here we have access to something called Realist which is a public record database.

However i'm looking for some insight on an idea that came to me.I just evicted a tenant from one of the nicest apartments in my portfolio and originally thought about personally occupying it, but i move around alot, so i began thinking about air b and b.

Make sure you have a decent CPA and use him/her to help you evaluate financials of apartment buildings etc. aside from just doing your taxes.

Excited to become a part of this community!

I’ve accessed the equity in my rentals via cash out refis and HELOCs and every lender I’ve used wanted to see income and still evaluated my DTI ratio to qualify the loan.

(You don't have access to this kind of info at first).

We have an apartment building with one elevator that's going to be down for 6 weeks early next year for modernization.

Relatively easy to finance, easy to comp (based on sales, not cap rate), relatively cheap to build, and more desirable to tenants than apartment complexes.

My current apartment is AWESOME, but freeing up that extra cash might be a more logical/prudent first step.Looking for some thoughts/guidance from the community.