What should I do with this 48 unit apartment complex?

[Redstar1324]

@Gold River post:20

Hi,

 I answered this in an email, yes you can have 1, 2, 3 or more trust deeds on a real property. Yes, you could try to find an investor to put 15, 20, 25 percent or more into a property and record the investor as a 2nd trust deed holder. 

What your losing here is what do you do for an investor to make him or her invest in a property you find, especially when you have no money to put in it and have virtually no real estate investment or management experience. That is where your problem lies as someone with 15, 20 or 25 percent of the capital needed to buy a property will by pass you and buy the property directly themselves.

In order to convince someone to invest with you, you will need 10, 15, 20 or more years of experience and a reason someone wants to put cash with you to invest and that reason would be your expertise in rehabbing, turn around, repositioning or in managing increasing incomes.

I don’t know your age or to much about you but it takes time (Years) to build your reputation and expertise, it’s not handed out over night and even college graduates with an MBA do not get investors for real estate right out of college, they take jobs in the area of real estate they want to work in and build expertise as they progress in their careers.

There is no fast and dirty way to make it big in real estate without paying your dues in the beginning and building experience and expertise, there are no short cuts!

              GR

What I bring to the table is that I’m putting the deal together.

I can manage the property and provide a feasibility study for investors.

I don’t really have a choice right now.