New NYC'ers for Midwest Investments

[Arun S.]

Introduction

My wife and I live in NYC – but we’re Midwesterners at heart. My wife is from Milwaukee and I’m from Columbus but over the past 10 years, we’ve lived in Chicago, Washington DC, Atlanta, and Miami, so we have a good perspective on different parts of the US.

I have 8+ years experience in commercial real estate – lending/purchasing/selling commercial real estate for both Fortune 50 companies and private funds. I have nationwide experience with retail, office, multifamily, industrial, and hotel properties. I also have an undergraduate and graduate degrees in Real Estate and am a CFA Charterholder.

Long-term Goals

My wife and I want to build a portfolio of SFH and multi-family real estate to supplement our jobs and build a nice income stream for retirement.

We are interested in owning quality properties because our time horizon is more than 20+ years. Additionally, I understand commercial lending and am interested in doing some private lending as well to supplement a portfolio of homes.

We have family in both Milwaukee and Columbus and want to explore Bigger Pockets for some additional resources to build out our networks and start investing in both cities. We have capital ready to invest with today

Questions

1.)If we have a long-term horizon, does it make sense to take less cash returns now for fundamentally good areas, with very good schools, stable neighborhoods, etc?

2.)Because we’re dipping our toes in the water, we would entertain partnerships or a joint ventures with experienced operators needing capital. I think that our expertise could be of interest to some operators. I’m curious the best way to meet these people?

3.)What is the best way to interview potential property management firms? I haven’t seen a checklist of questions, is there a resource on BP that I’ve missed?

4.)Who has deals for us to evaluate in these markets?

We’re also open to evaluating deals, making relationships, and networking and we look forward to buying our first property.