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All Forum Posts by: Andrew Schultz

Andrew Schultz has started 5 posts and replied 101 times.

Post: Anti-Flipping Policy?

Andrew SchultzPosted
  • Real Estate Broker
  • Buffalo, NY
  • Posts 102
  • Votes 36

Just sent you a name via message.

Post: Anti-Flipping Policy?

Andrew SchultzPosted
  • Real Estate Broker
  • Buffalo, NY
  • Posts 102
  • Votes 36

I know it exists, but I thought it only applied to properties purchased at the city tax auction.  I'm not sure on that, however.  I believe it's a 90 day hold period required, but it may be as much as 6 months.

I really don't know much about the details, but I know that people wholesale in Buffalo all the time so it must not be a deed restriction applied to every transaction.

If you are wholesaling, your name would never hit a deed record anyway.

Post: Newbie from sunny Buffalo

Andrew SchultzPosted
  • Real Estate Broker
  • Buffalo, NY
  • Posts 102
  • Votes 36

@Robert S.

Welcome to BP!  The Buffalo area has regular BP meet ups.  The next is actually this week on Thursday at Olympic (1601 Military Rd, Buffalo, NY 14217, corner of Sheridan and Military) at 7PM.  There's usually a sizeable crowd and a good conversation.  Hope to see you there!

Post: Investment Real Estate Accountants for Canadians in Buffalo

Andrew SchultzPosted
  • Real Estate Broker
  • Buffalo, NY
  • Posts 102
  • Votes 36

Hi Andrew

I recommend speaking with Katherine Fayolle.  She's a US/Canada tax specialist, is located in Toronto, and works with clients who have real estate interests in the Buffalo area so she understands the scenarios and plays here.

Katherine Fayolle
Fayolle & Associates
Tel: 905-856-1777
[email protected]

Best,
Drew

Post: New from Buffalo, NY

Andrew SchultzPosted
  • Real Estate Broker
  • Buffalo, NY
  • Posts 102
  • Votes 36

Hi @Nick Piatkowski

There's a Buffalo area BP meet up this week on Thursday at 7pm.  

Olympic Restaurant
1601 Military Road
Buffalo, NY 14217

(Corner of Military & Sheridan)

Hope to see you there!

Post: Buffalo, NY

Andrew SchultzPosted
  • Real Estate Broker
  • Buffalo, NY
  • Posts 102
  • Votes 36

Hi Paul

Welcome to BP!  We have a very active Buffalo based membership on here, as well as regular meet ups.  I think you'll find a lot of great resources here!

@Michael Sherwood runs the BP meetups - contact him for information on getting added to the mailing list!

Don't forget to set your keyword alerts for Buffalo and Western NY!

Best

Drew

Post: Help a newbie looking at investing in Buffalo New York

Andrew SchultzPosted
  • Real Estate Broker
  • Buffalo, NY
  • Posts 102
  • Votes 36

Hi Joel,

Welcome to BP!  The Buffalo market is full of great opportunities for Canadian investors looking for cash flow opportunities.  We also have a very solid BP Meet Up (next one is September 10).  If you're looking for an agent and property manager still, feel free to drop me a line.  We can talk about some of the specifics regarding your goals and the market.

Some other solid people from Buffalo: @Michael Sherwood (agent, property manager), @David Niles (contractor), and @Pat L. (investor).

Best of luck on your Buffalo conquest!

Drew

Post: New RE investor in the Western NY market

Andrew SchultzPosted
  • Real Estate Broker
  • Buffalo, NY
  • Posts 102
  • Votes 36

Welcome to BP, David!  There's a strong BP presence in Buffalo, which makes getting started a lot more fun because of the huge knowledge base you can draw from.  There should be a BP Meetup coming up sometime in the next few weeks as well.  

Don't hesitate to reach out if you have any questions!

Post: Two Buffalo, NY landlords to be fined for housing discrimination

Andrew SchultzPosted
  • Real Estate Broker
  • Buffalo, NY
  • Posts 102
  • Votes 36
Originally posted by @Derrick H.:

It's always a safe bet to screen all tenants. I have a 5 page application myself and if any prospective tenant can't complete it in it's entirety. then that's too bad. 

 Wow, 5 pages?  Mine is a full 2 pages now.  Can you send me a copy of yours?

Post: Two Buffalo, NY landlords to be fined for housing discrimination

Andrew SchultzPosted
  • Real Estate Broker
  • Buffalo, NY
  • Posts 102
  • Votes 36

It's pretty common to see that in ads here.  Occasionally I'll get a call about an apartment from a screener at one of the agencies that works to stop this sort of thing. They'll just say or do little things to try and catch discriminatory landlords.  As long as you're not being discriminatory in your advertisements or tenant selection process, it works out just fine.  That's one reason why it's so important to have written tenant selection criteria and to follow those criteria each and every time.