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Updated about 8 years ago, 09/25/2016
Looking for investment partner for multifamily purchases.
I am interested in cities with good potential West Palm Beach, Chicago, Cleveland, etc. I have 10 years of experience in real estate, but it is not my full time profession.
Any more information as to what you are looking for in your investments? What kinds of returns you expect, the type of product you are interested in, value add, etc?
I have a couple of value add multi-family opportunities that I'm looking to acquire in Chicago and Texas. I'll send you a pm and we can discuss further offline.
I'm in Cleveland if your interested in that area hit me up
Originally posted by @Tomasz S.:
I am interested in cities with good potential West Palm Beach, Chicago, Cleveland, etc. I have 10 years of experience in real estate, but it is not my full time profession.
Hi Thomas!
-d like to help! so... What is your question?
Are you asking which cities are good?
(are you looking for good tenants, good rental cap rates, good appreciation, good amenities?)
Are you looking for partners? wholesalers? buyers? agents?
Adam Adams
Thank you all and I apologize for not enough info. I am looking for a partner to buy properties together. Then, we can decide on a particular market, find agents, property managers and start looking for deals. So far, I have invested in 2-4 multifamily, but I am considering 4+ as well. I am looking for cap rate in a range of 15 and above, buy and hold mostly.
Hi Gary, send it over. Thank you.
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#1 Ask About A Real Estate Company Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Originally posted by @Tomasz S.:
Thank you all and I apologize for not enough info. I am looking for a partner to buy properties together. Then, we can decide on a particular market, find agents, property managers and start looking for deals. So far, I have invested in 2-4 multifamily, but I am considering 4+ as well. I am looking for cap rate in a range of 15 and above, buy and hold mostly.
With the current market conditions Cleveland is out if your looking to buy in the 15 CAP range. There is nothing producing anywhere near that CAP in town. Commercial real estate market is doing really well and the prices just keep rising. You would be looking at 6-8 CAP in Cleveland and even lower in the suburbs. For some more info on Cleveland give The Ultimate Guide to Grading Cleveland Neighborhoods a read.