EP 389: How to Find the Right Partners to Buy Multifamily?
Aug 14, 2023
In this minisode of the Real Estate InvestHER Show, Liz and Andresa discuss the importance of finding the right partners when it comes to buying multi-family properties. They emphasize that not all partners are created equal and explain how the type of asset you're investing in should dictate the type of partner you seek. They delve into the differences between stabilized assets and value-add properties, highlighting the role of private lenders and equity partners in each scenario. Liz and Andresa stress the need for open conversations, aligning goals and values, and diversifying what each partner brings to the table.
If you're looking to form successful partnerships for multi-family investing, this episode offers valuable insights and practical advice.
Quotes
- “Partners are not all created equal. You need to know the type of asset that works best for different partners.” (02:13 - 02:24)
- “Think short-term when it comes to lenders, but take a long-term approach with equity. Equity is all about forging a true partnership, just like a business alliance. Lenders may seem like mere money providers on paper, but they are actually your partners, supporting you holistically.” (07:20 - 07:40)
- "You don't want to partner up with a lot of people. Not everybody qualifies to be a partner. You don't want any partner if you don't have your criteria about what you're looking for.” (08:25 - 08:38)
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