All Forum Posts by: Chris Grenzig

@Jasen Kelly Welcome to BP! I would definitely recommend start listening to the podcast as much as possible, they bring on a ton of great people who explain things very well. I know theirs also tons of good stuff in the education and a bunch of good books to start reading. I do mostly multifamily in the southeast and Midwest so if I can help in any way let me know. Best of luck!

@Randy Lewis Welcome to BP! I'm from Long Island myself, so not too far from you. I was able to get into real estate full time about 10 months ago and if you wanted to connect feel free to reach out and I'll try to help in any way that I can. Full disclosure, I do work for a real estate investment firm that specializes in multifamily apartments, but if you want to chat I'm not going to try to sell you anything. Either way best of luck! 

@Christine Grimley Welcome to BP! I know your a commercial portfolio lender and underwriter (I get that right?) and it seems like your looking at single family houses. But, if you have any questions about multifamily feel free to reach out, I've been working full time in real estate for about 10 months now. Full disclosure I do work for a multifamily invest ment firm, but if you just wanna chat I won't sell you on anything :). Either way best of luck to you!

@Matthew Spyker Welcome to BP! I'm from Long Island so always good to connect with fellow New Yorkers (past or present).  I like the goals you've set for yourself and I think those essential to have, something I didn't do for the longest time. I've worked in real estate full time now for about 10 months in the multifamily space, if there's anything I can do to help just let me know and I'll do what I can! Full disclosure, I do work for a real estate investment firm, but I won't try to sell you anything if you just want to chat :) Either way best of luck in the future!

Elizabeth Goodwin welcome to BP! If you ever have any questions or just want to chat feel free to reach out! Also if you ever happen to be in the Long Island area and want to grab a coffee let me know and we can always set something up! I was able to start working in real estate full time around 10 months ago and work in multifamily investments, so if you had any questions on that is where I could potentially help you the most. Either way best of luck to you!

@Laura Gianiotis Sent you a connect. I'm not familiar with the Cleveland market so I wouldn't be a good person to ask. We do more in the Cincinnati and Columbus areas of Ohio.

Laura Gianiotis I agree with Mike Indianapolis can be a great market but you have to know the specific areas; we've generally steered clear. Saw your from West Islip, I actually grew up in Smithtown and live in Uniondale now. Started out trying to flip houses on Long Island and struggled like you mention. Ended up investing in a few deals outside Cincinnati for a total of 25 units and now I'm fortunate enough to work in real estate full time. If you have any questions, wanna chat or even grab a coffee feel free to reach out. We also do host a free monthly meetup centered around multifamily investing, just as a pure informational session and networking event. If you think you might be interested let me know or look for the event posted by John Cohen on biggerpockets, either way let me know if I can be of any help. Best of luck!

Ray Smith welcome to BP! I grew up in Smithtown and live in Uniondale now. I was fortunate enough to be able to get into real estate full time about 10 months ago. If you have any questions or just want to chat feel free to reach out. We also do host a free monthly meetup in Westbury if you have any interest. We talk mainly about multifamily investing and network as well. Either way let me know if I can be of any help, best of luck!

So my question is in regard to starting a newsletter to send out to investors, potential investors, and other contacts to create some engagement and give them more value. What I would like to do is find interesting articles from the last month or week or even day if I got that crazy (probably not) and either give 1-3 paragraph excerpts or paraphrase and use some quotes. My issue when googling stuff surrounding it is the legality in all this; I've read some things about Fair Use, but haven't felt comfortable after what I've read so far. I'm uncertain if using an excerpt and linking back to the article or even proper MLA/APA citation would prevent a copyright lawsuit (god forbid). Any help or pointing in the right direction would be incredible.

David D'Ambrosio I can tell you that the 10-12 year deals we've done we're because we had a large equity partner(s) that wanted to hold onto a property long term. They were able to be most if not all of the equity for the deal. However, you will see groups do more 3-5 year deals because as a sponsor we make the most of our money during a sale of a property on which the value has exceeded the targeted IRR hurdles as set out in the agreement. That is why often deals are structured 3-5 years. I agree with some others in trying to find a group that you trust and have a conversation with them about what you're looking for and if they have something like that to bring it to you. I know that if a syndication group knew they had a large amount of money from 1 or several people that wanted long term deals, than they would be more inclined to structure them as such. Best of luck.