All Forum Posts by: Ryan Montbleau

Hi everyone, 

What neighborhoods or other micro-markets in Buffalo, NY offer lower entry price points ($150,000-$350,000) for multifamily homes (2-4 units) that have a higher chance of monthly cashflow? 

Additionally, are there micro-markets that may offer less cash flow, but more consistent and dependable tenants, rental payments, etc.?  

Looking for any suggestions, points of caution, etc. Thank you!


Ryan

Hello,

I am interested in purchasing a multi family investment property (2-4 units) in the Buffalo, NY area. 

Looking for a real estate agent who has experience working with new and aspiring out of state multifamily investors. Looking to purchase the property in the next 3-9 months. 

-Ryan

Hello, 

I am interested in purchasing a multi family investment property in the CT area, specifically in Hartford, Waterbury, New Britain, and Bridgeport. 

Looking for a real estate agent who has experience working with out of state multi family investors in one of several of these areas. 

-Ryan 

 Hi Andrew, 

Thank you! Boston is quite expensive, but nearby (1 hour) OOS markets seem to have more attractive investment properties with higher cash flow, lower prices, etc. particularly when it comes to multifamily homes. 

Thanks!

 Hi Steven, 

Thank you for the additional resources -- is it possible to assemble an entire team before purchasing a property or are members added as the home is purchased, renovated (if necessary), rented, etc.? 

Thanks!

Thank you for this! There is certainly a lot to think about when hiring a PMC and I will definitely read 
"How to Screen a PMC Better than a Tenant." 

Does the size of PMCs have any indication on their quality of service? I.e. a large PMC may have more experience/connections but not value each individual investor as much vs. a smaller PMC that has less clients but allocates more time to each client. 

Thanks! 

Thank you for the helpful advice! 

-Ryan 

Do you have any advice on how to identify property managers that are reliable for OOS investors? I.e. any specific screening strategies that you recommend? 

Thanks! 

I do think house hacking is the most financially promising with FHA loans for younger, less experienced investors like myself.

Thanks! 

Thank you for this information. Regarding a STR, would a standard property manager be useful to have in place due to frequent turnover of tenants?

Additionally, do second home rules/lending/etc. not apply to a multifamily house? 

Thanks!