New investor from Long Island, NY trying to build solid Team

[Gunvant Kathrotiya]

Hello Everyone,

Like every other new Investor I accidentally found BP and then read lots of forums, listened podcast and read Brandon Turner's book (super useful).

I'm an Engineer living in Long Island, NY where Price/Rent ratio is way off so I've been doing research to determine the best place for me to start buying rentals to hold long term for cash flow. From my research I have Pittsburgh, Cincinnati, Kansas City, Dallas and Jacksonville as potential market candidate where I can get good ROI.

Plan is to buy SFH or small MFH properties in C+ or better neighborhood that need minor work or are owned by motivated sellers that I can purchase for below market value with conventional financing, repair them to be rent ready, and hire a property manager to rent them out.

At this moment I'm looking for right members to build the solid TEAM and achieve my goal. I'm open to ideas and suggestions any veterans here may have.

Looking forward to network with you all.

[Gary Swank]

@Gunvant Kathrotiya Realtors are absolutely a viable option and while some invest and are successful without the need of a Realtor, having one can prove valuable as these people are in properties every single day of their lives. But if you choose this route, you don't just want any Realtor, but one that has many years of experience working with Investors. Someone who has gone through a variety of transactions, has a team of real estate professionals, and can offer their knowledge in the REI side of the industry to assist you in purchasing decisions.

As far as Pittsburgh goes, it is a great city for cashflow that often offers a better buy-in than many other markets. Neighborhoods vary greatly but having someone who knows the area well with connections to property managers and other real estate professionals will certainly help. Ever want to talk more about the Pittsburgh market, feel free to reach out to me. I wish you the best as you build your team....Thanks, Gary