"The childhood friends, who met in seventh grade in Indiana, started buying property together as a side project in October 2024. Despite living hundreds of miles apart - Swofford is a startup consultant in Charleston, and Louw is a real estate agent in Buffalo - and committing no more than 10 hours a week to their joint portfolio, they grew to 24 units in less than 12 months."
"They've scaled quickly - and without having to use much of their own savings - thanks to creative financing strategies, their combined skillset, and a clear strategy that centers on multifamilies in one of the nation's hottest housing markets. Swofford and Louw's first joint deal was a three-unit property - and they've continued to buy multifamilies ever since. These are single buildings that are divided to house more than one family living separately."
Connor Swofford and Pieter Louw invest in Buffalo multifamily properties with three to ten units that need renovations. The childhood friends met in seventh grade and began buying property together in October 2024. Swofford lives in Charleston as a startup consultant and Louw works as a real estate agent in Buffalo. They commit no more than ten hours per week to the joint portfolio and reached 24 units in under twelve months. They use creative financing, combine complementary skills, and focus on one market. They prefer buildings with at least three units for higher cash flow and cap rates.
Read at Business Insider
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