Looking to Network with experienced investors in Syracuse, NY

[Nate Hurwitz]

Hi,

I am a real estate investor located in the Syracuse, NY area looking to network with others regarding multifamily housing and apartment complexes.  I have capital and experience with analyzing deals.  I primarily enjoy looking not only locally but across the US and focus on studying emerging markets because I believe in investing in areas for the long term.  I am OBSESSED with analyzing deals (I look at least a few per day just for practice) and am pretty quick at being able to see what deals are good and which need to be negotiated further to become good.  I believe every house, apartment, or unit can be bought as long as it's at the right price.

Because I am in a small city in the upstate NY area, it's not easy to find groups that meet on a regular basis to help each other find and commit to goals.  I believe that working with the right people can lead to exponential growth.

My strengths:

- I LOVE and am OBSESSED with analyzing commercial deals for apartment units to purchase (I want to own 100 units within the next year all in emerging markets!)

- Currently own and operate 2 LLCs for a Real Estate business and Multi-Media consulting business 

- I own 3 single family homes that I rent along with experience building 2 tiny houses

- I understand how to create LLCs and work with lawyers to create legal foundations for partnerships

- I am able to easily work with others and am also very patient  when it's necessary (I do not operate on emotion, but instead continue to look for other opportunities while a certain one may require patience at that time)

I am looking to work with:

- Experienced investors who when presented an analyzed deal would be comfortable reviewing it and working with me on acquisition of ownership whether it's local or somewhere in an emerging market in the US

If you are interested in networking with me, please feel free to PM me!  I currently have a partner I work with and we are looking to work with others to grow.  Thanks so much!

[Omar Khan]

@Nate Hurwitz I have lived in Syracuse and will advise you to look outside your home state. New York has high taxes and unfriendly landlord laws. Both of these are an anathema to large multifamily investors. NY has some uber-successful investors but you will have an easier time focusing your energies out of state. You will, in all likelihood, also get higher returns and demographics working in your favor.

You seem like you’re a talented person, but some points to consider:

• You have a clear goal of 100 units. What property class – A, B, C, D – and niche – value-add, new builds – do you want to target? Why?
• What are your investment parameters from a risk and return perspective?
• How much capital are you willing to invest? How patient are you?
• Multifamily has been on a hot run in the past few years. Attractive past returns might not be reflective of future returns. Don’t believe anyone who is 100% convinced; best to have a healthy dose of skepticism. That being the case, what is your investment time horizon?
• Do you plan on being an active or passive investor? You can start passive and move into active. But I would find an experienced operator to partner on syndicated deals to get your feet wet. Eventually, you can invest on your own or as part of a syndicate when you establish credibility and experience.
• If you plan on being an active investor, apart from capital, what else do you bring to the table? For e.g. you have mentioned that you have a multimedia company. Are you good at marketing or designing marketing campaigns? Just an idea for you to consider how to leverage your massive talent set.

These are just some thoughts of the top off my head. We can have a deeper conversation if you like.

Happy investing!