601.362.9633613 Crescent Circle, Suite 102
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Buy Your Next Alabama Apartment Complex with a Joint Venture

August 19th, 2021

Alabama apartment complex for saleOne factor that may keep an investor from making a commercial property purchase is a lack of capital. Another may be a bad credit score or even a lack of industry credibility. The reasons are many, but there is a potential solution for those ready to dive into the world of real estate investing, purchasing an Alabama apartment complex for sale. By utilizing a joint venture, you may be able to access resources previously out of your reach. Working with a dedicated company that can find you the best properties and introduces you to like-minded investors can garner you much success in your endeavors.

4 Opportunities Where a Joint Venture is Beneficial

There are several ways to accomplish your goal of adding an apartment complex to your portfolio. A joint venture may provide the best option when you are looking to buy an Alabama apartment complex for sale. Here are five opportunities where the benefits are plentiful:

  1. You have undeveloped land but don’t want to sell it. Sometimes you pick up a good deal on a piece of real estate that you know would be a goldmine if it were developed. Instead of selling the land and losing out on potential revenue, you can join with a developer and contribute your land for them to turn the empty parcel into something more profitable. Your land plus their skills equals a fantastic opportunity for a joint venture.
  2. You find an excellent opportunity but lack the expertise to manage a construction project. Instead of hiring a construction company and then managing the project, you can enter into a joint venture with a developer who has the expertise in these kinds of projects. You buy the land while they provide the construction and project management experience.
  3. You may have the assets but not the industry credibility to entice investors. Without industry credibility, all the cash, credit, and development expertise are insufficient to garner investors. It may be possible to join a reputable developer to get the capital needed for the project.
  4. Getting financing can be challenging. You have the down payment and management experience, but you lack the credit score to pull off a loan. However, it may still be possible to find a joint venture partner with a suitable credit rating to obtain the needed financing.

Choose The Estes Group for Joint Ventures in Apartment Complexes

Don’t let obstacles stand in your way of purchasing an apartment complex for sale in Alabama or a retail mall in Tennessee. Utilize the different investment options available when you partner with The Estes Group. Our team of experts has the connections you need in obtaining the real estate investments that help you reach your wealth-building goals. Look to us for help with acquisitions, dispositions, leasing, 1031s, multi-family, property and asset management, and much more. Talk with us about all your commercial investment and joint venture needs in Louisiana, Alabama, Mississippi, and Tennessee.

Call us at 601-362-9633 or contact us online to discuss your real estate goals with our knowledgeable and experienced investment property brokers. We’ll help you find an Alabama apartment complex for sale that will deliver the best return on investment.