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Updated over 1 year ago on . Most recent reply
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Workforce Housing - 20 y/o first deal
I am a 20-year-old student studying real estate and pursuing a career in commercial real estate. I'm looking to invest in my first deal in the next 6-9 months and should have no issue raising capital through my network. I am looking to connect with some people to iron out my strategy.
Who are the workforce housing experts? Looking to develop small multifamily.
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Finding workforce housing experts can be beneficial for developing small multifamily properties. Here are a few key individuals and organizations you can connect with to gather insights and advice on your strategy:
- Real Estate Associations: Reach out to local and national real estate associations, such as the National Multifamily Housing Council (NMHC), the National Association of Home Builders (NAHB), or the Urban Land Institute (ULI). These organizations often have expert members who specialize in workforce housing and can provide valuable guidance.
- Real Estate Developers: Look for experienced real estate developers who have a track record in developing workforce housing or small multifamily properties. Attend real estate networking events, conferences, and seminars to connect with developers who can share their expertise and offer insights into the industry.
- Local Housing Authorities: Contact your local housing authorities or affordable housing agencies. These organizations are knowledgeable about workforce housing initiatives and may have resources and contacts to help you navigate the process of developing affordable multifamily properties.
- Real Estate Consultants: Consider engaging real estate consultants or consulting firms specializing in workforce housing. They can provide market analysis, feasibility studies, and strategic advice to help you refine your investment strategy and maximize the potential of your project.
- Affordable Housing Nonprofits: Connect with affordable housing nonprofits in your area, such as Habitat for Humanity or local community development corporations (CDCs). These organizations often have a deep understanding of workforce housing needs and may be able to offer guidance or even partnership opportunities.
- Local Government Officials: Reach out to city planners, housing departments, or economic development agencies at the local government level. They can provide information on zoning regulations, incentives, and other resources available for developing workforce housing in your target area.
Remember to approach these experts with a clear outline of your goals and questions to make the most of your interactions. Building relationships with industry professionals and organizations will not only help you develop a robust investment strategy but also expand your network within the commercial real estate sector.