[quote=flu]Translation: I need money to buy real estate and want you to do all the dirty work so I can live in my entitlement world of not doing anything and reaping all the benefits….
Man, no wonder this country is going to hell.[/quote]
Hey, its Casey Serin II!!
Seriously to the OP:
Funding such a purchase is difficult.
Expect to have at a minimum, 20% of total purchase costs for multi-family dwelling – est cost of approx 200k/unit. Costs vary per location from 120K to 360K (excluding some outliers). This means for a 5 unit, expect $1Mil min (20% = 200K), with 50% partnership – you better have $100K minimum to bring to the table.
Background in sales will not cut it for RE investing.
Expecting to be the ‘person in charge‘ when not fronting money or experience, other than ‘sales’ is being completely delusional. If I am a RE investor, why should I partner with you if all you bring to the table is sales.. and I have the money and experience?
