Where to Find Capital Partners, Investors, and Sponsors
Hi Everyone,

New to multifamily commercial real estate investing, however I have a pretty good grasp on underwriting deals and financial modeling. I plan on contributing some of my own capital to deals, but I am going to need to find investors, capital partners, and sponsor(s) for deals.

I am procuring a list from CoStar to contact owners/possible sellers of properties (via mail and phone) with the following parameters:

\-50-150 units multifamily apartments

\-class B + C

\-built up to \~2005

\-value-add opportunities

\-Florida, New England markets (and possibly adding some other markets)

Where is the best place to find sponsors and partners for these types of deals? I have full confidence on getting to the point of making LOI's, but I really want to make sure that I secure capital partners so deals don't fall through. I understand this is a relationship business and need to start working on this early.

Thanks!
[{"id": "hb6rig7", "text": "You need to unfortunately roll up under a larger firm with an existing book. \n\nThe only real answer to your question is 20 years of experience in the same market with a solid reputation in lending circles, good deals under your belt, and in all a good personal reputation. \n\nYou are starting beneath square one if you choose to go it alone. The shady alternative route is to use crowdstreet or some other CRE crowdfunding platform. We have used one in the past with great success ($12mm) in under 24 hours - but there are ALOT of dog shit deals on those sites with completely baseless proformas - I think we were a minority. \n\nAlso on the crowdfunding - I\u2019m not even sure its possible to list a deal as a one man shop or with no other background.", "replies": [], "depth": 1}, {"id": "hb77whn", "text": "Oh, get a partner? Just get an investor? Why don't you strap on my sponsor helmet and squeeze down into a capital cannon and fire off into money land, where Partners grow on Partnies?!\u201d", "replies": [], "depth": 1}]