has anyone evr purchased an apartment building without a down payment? is there a place to find investors?

I am wondering if a community of investors exists who fund down payments on apartment complexes and if so how I might contact or consult them.
In Buying Property - Asked by Randy B. - Aug 11, 2012
Report Abuse
Answer this Question

Answer(s)

joseph k.
Lender/Mortgage Broker
Sunrise, FL

FIND PRIVATE INVESTORS JOE K

Aug 15, 2012
Report Abuse
Scott G.
Owner/Investor
New York, NY

First off, if you find an investor, you are likely still putting a down payment on the property (just not your money). Unlike residential acquisitions, a down payment is expected on apartment building acquisitions. I suppose it is possible to find a seller willing to hold that note, but it may be fleeting in this market and economy, and you probably still need to obtain financing to give the seller cash. Also keep in mind that in order to pull off this type of deal, you will need a strong track record. You may otherwise be looking at a non-stabilized property and you may be biting off more than you can chew.
Other ways to accomplish you objective would be to partner with someone who has the cash and the track record... you bring the deal. You can also go the syndication route, but beware of the stringent SEC regulations that you must follow (this is serious business).

Aug 20, 2012
Report Abuse
len a.
Owner/Investor
Burlington, WI

I do it all the time but only if the numbers work email me landlord53105@yahoo.com maybe i can help u if it is a good deal

Aug 25, 2012
Report Abuse
billy b.
Chicago, IL

People with money are all over. Check and network with people in your rotary club, business chamber of commerce, ordinary people that may have money put away in their 401(k)'; attorney's, doctors and lawyers make great candidates since they work long hours at their jobs and probably don't have the time to find lucrative oppty's. This is your chance to show them what they can do with their hard-earned money--invest it with you on properties 50-70% below present market value. Good ROI is 12% secured by real estate, or JV with them starting out. You have to understand that people with money would rather kick back, relax, and give their money to a trusted and reputable source instead of doing it themselves, I know I would, wouldn't you?

Aug 28, 2012
Report Abuse
Joseph L.
Orlando, FL

Be careful, no money down, investor deals. Sounds risky.
High risk, High return, Low risk, low reward.

Sep 1, 2012
Report Abuse
Joe L.
Broker/Agent
Dallas, TX

If you buy with no money down (assuming you can EVER find such an elusive deal), you'll be eating up all your cash flow with debt service. See this link to see what you DON'T want to look like to a broker or buyer:
http://bit.ly/seminarsuzies

Sep 17, 2012
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question