A friend of mine talked about selling me his properties. The cost 38 million. 65% of the value of all the properties. All rented. How do I get this type of funding. Ok credit. Little experience, but he will teach me. Help if you will.
For that type of purchase I imagine that you will need someone with a substantial amount of assets ($MM) to co-sign with you.
That’s a pretty huge amount to take on to just start out. Are you sure you want to be a landlord? If he is a friend, maybe you can get him to work out financing terms for most of it.