Are pros looking for amateur Co ventures? If so I'd like to be first in line. Also what would I bring to the table ?
What Cory is implying is "invest with him (or other experts like him)" , learn while doing it and then you can do your own deal with your own money next time. So, the rookie still needs to bring some significant $s to the table.
Do not assume real estate requires neither money nor expertise, please.
Successful real estate ventures, especially multi-family investments, require these FIVE ingredients, likely far:
a) cash - and for a 12-plex of say $100,000/unit or $1.2M you need 25% to 30% or $300-350,000. Otherwise: don't even think about it.
b) expertise - ideally with a few houses or condos or THs or a 4-plex or smilar deal
c) time to look for deals, write offers, drive around, talk to realtors, mortgage brokers, property managers, other expertise in the field etc.
d) good credit - i.e. the ability to get a loan
e) ability to withstand stress from vacancies, unexpected repair bills and personal guarantees on debt
and, if you wish to grow beyond your own cheque writing capability
f) JV attraction i.e. ability to persuade others to invest with you, i.e. a track record, some salesmenship, ability to write clearly and concisely, legal understanding of structuring options
REIN's education and incubation environment provides you with all of that - in time - but in the end some significant cash is required, and that usually comes from savings from a job or if you're lucky enough, from an inheritance. Then add b) to f) and you can be very successful if this is what you want.