Looking to build a team and invest in Buffalo, New York!

[Hnu Thaper]

Hi all, my name is Hnu Thaper and I am looking to invest in the Buffalo, New York area! I went to college at University at Buffalo from 2013 to 2017 so I am fairly familiar with the area and would love to start my real estate journey there. 

I understand how important it is to have a team when starting in R/E so that's exactly what I am looking for! If you or someone you know has any knowledge on this market, please reach out as I'd love to chat! 

The goal is not exactly appreciation, it's more so focused on cash flow. I look forward to engaging in some amazing conversations and hope you all have an amazing day :) 

[Timothy Smith]

Hi Hnu, welcome to to the Buffalo BP community. Cash flow is tough right now, as you probably know from podcasts, articles, running your own numbers...but not totally impossible. Higher cash flow usually comes from properties that require more "hands-on" management due to the condition, location, and tenant base. One of the most knowledgeable folks on here about this is @Matthew Irish-Jones and I would strongly recommend connecting with him. 

I'm always happy to chat REI locally, and would encourage you to come to the next meetup -- second Wednesday of the month at Pearl Street Grill & Bar downtown. It is a beneficial networking opportunity. Now more than ever it is important to really understand your numbers and the area you are buying -- that "accidental appreciation" that many of us rode in the last 5-8 years eroded with the higher rates, cost of entry, and renovation costs.