This is my story about how I bought a 12-unit apartment building with money raised from private individuals. Lessons Learned from a Deal Against all Odds and a Nightmarish First Year. Don’t make the same mistakes as I did and learn how to raise money to buy your first apartment building.
You absolutely need to think big to be successful. But make sure you follow this advice or you’ll never get out of the gate.
Think it can’t be done? Learn how to make $1M in 5 years by buying a 21-unit apartment building at fair market value & raising rent by just $100 per unit.
I use the Syndicated Deal Analyzer to show that an apartment building bought at a 10 cap without any particular upside can still yield a good return.
You’re afraid that friends & family won’t talk to you again if a deal goes bad — but here’s a compelling argument for why using their money works well.