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Can you get an apartment owner to finance apartment complex for you so can buy it without a bank?
Good question.
Yes, this is possible. Your best bet in a situation like this is to approach the owner directly when it is not listed for sale publicly. You also need to concentrate on a small multifamily that is under 1 million in size. On larger sized deals subject to acquisition is less common.
The key mistake that apartment investors make is they attempt to be a general partner when they should focus on being a limited partner and let someone with experience be the general partner.
Even worse than this is single family landlords that spend years trying to turn a headache into a cash flow machine. The problem is they focus on an asset (single family homes) that has only one tenant per property and that sort of asset can never compete with an asset that has 100 tenants per property paying each month.
Many of them spend years in this futile endeavor since they are not willing to change their ways and focus on assets that actually make good money like commercial multifamily investing. They think it is too expensive and they can’t afford to invest.
Many of them miss out on great opportunities being a limited partner where they could have their life back instead of years of dealing with tenants and toilets.
I offer education and training to landlords, engineers, doctors and dentists, and many others that would like to learn how to enjoy the benefits of multifamily as quickly as possible. If that sounds interesting contact my office by going to www.benjaminzmiller.com and fill out the contact form.
I hope that helps and good luck with your investing!
Benjamin Z Miller
www.benjaminzmiller.com
1-817-203-4160
ben@benjaminzmiller.com
https://www.meetup.com/benjamin-z-millers-investor-networking-group/
https://www.linkedin.com/in/benmillersells/
https://twitter.com/BenjaminZMiller
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