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Angel investor wanted. Will do part ownership!

I need $250,000 to buy a 24 unit apartment building. It cost over $2,095,000 with 90% seller financing.
I would manage the apartment building and do everything else. I would give you part ownership of the apartment building. Or I can pay you back with the cash flow. I would be able to pay you back within two years. I can even pay back 10% of the money you invested to take back part ownership.

Email me if your interested

joedugo1@gmail.com

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Answers (4)
Raul Aldama

Joe, did you get me email?

Mar 8, 2010
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i have capital to invest.sethier4@nycap.rr.com

Mar 3, 2010
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agree 100% with Robert

Feb 11, 2010
Robert Cutler
Attorney
New York County, NY

Joe, are you serious? Why would anyone put up $250 K (i.e. the entire desposit on this property) for partial ownership when they could buy the property outright? You're not putting in any money and as far as I can tell the only value that you are adding to the project is the fact that you will "manage" the building. And there are many management companies out there that will do exactly what you propose to do for a small management fee rather than a controlling interest in the business.

Feb 11, 2010