Multi-family leads / brokers - western NY - Buffalo / Rochester

[George T.]

Hello everyone,

I am currently closing on a single family property for which I had a 35% down payment. Will be getting back an estimated of 50k which I am planning to invest on a multi-family. I also have a passive investor that is willing to co-sign and add additional funds as necessary. 

My question to you all is what suggestions you have for getting me started  on smaller apartment complexes. I am looking for 6 to 25 units in the Western New York Area B  class units. I have looked on loopnet and run some numbers and I don't like at all what I am seeing.

I will be closing soon on my sale and I have already arranged with a QI in order to setup a 1031 exchange. Any tips recommendations to get me started would be great. I am looking in the Buffalo / Rochester area as I want to actively manage the properties.

Thank you,

George