Rental Property Investor
From management consulting and financial analysis background. Stanford degree in engineering. Also a composer for television series. Experience: Currently own 2 quads and 1 duplex in Cincinnati Real Estate Goals: Cash flow opportunities Add 4+ doors to portfolio per year Multifamily & Single family opportunities >15% COC in Year 1 >20% IRR over life of project Ideally "B" neighborhood, value add opporunity Ideally path-of-progress Ideally near "micro-economy" (such as hospital or university) Currently Seeking: Interested in learning about buy & hold cash flow opportunities (primarily outside of NYC); possible deal syndication also. No gut rehab, but light to moderate rehab is okay. Current target markets: • Jersey City • Newark • Charleston • Columbus • Memphis • Chattanooga • Fort Worth • Raleigh-Durham • Oklahoma City • Indianapolis • Kansas City • Cincinnati Criteria for MSA in general: • steady increasing population • city with a diverse economy and not tied down to single industries • city with a good sports/arts/major-universities/cultural awareness. • Relatively cheap per square foot pricing • B or C class, blue collar neighborhoods with low crime • Purchase below market
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