I own some investment property and have had a lot of luck with it so far and want to continue to invest but do not have enough to purchase something else by myself. I was actually looking at small apartments and quads. I was wondering how to find an investor(s) to fund the initial down payment, I manage the property (plan to do a llc so I have an interest and can legally be the property manager) and I eventually pay the investor off with interest after 3-5 years. I know about angel investors but their terms and interest rates are ridiculous. Any websites with info would be great.

 

  • acermill 1:05 pm on March 9, 2010

    I can only advise that, if you do elect to become involved with partners, you have an extremely clear and legal agreement concerning any potentials with such an investment. I currently own about two hundred rental units and made the error of investing in one small property with a ‘partner’. It’s been a gruesome nightmare, and I would NEVER again become involved in such an agreement unless I had about 5000 pages of legalism covering my backside.

    Take heed.