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All Forum Posts by: Carolina Solorzano

Carolina Solorzano has started 7 posts and replied 79 times.

Post: Anyone investing in STR in Niagara Falls?

Carolina SolorzanoPosted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 85
  • Votes 31
Quote from @Alexandra Helms:

Hi @Carolina Solorzano! I am only an aspiring investor, but I am a local resident of Niagara Falls, NY and I am hoping I can shed some light on your question about the winters:) I have worked in the tourism industry in the past, my husband still works in tourism. From my experience, this is a very seasonal market. The peak season is during the summer months, between Memorial Day and Labor Day. The winters are, unfortunately, very very quiet. I have taken many walks by the Falls in the winter and there are very few people around. Many local businesses that operate in the downtown area by the state park (including some famous attractions) close for the winter or reduce hours. There are very few visitors starting mid-October and until around April. 

With that being said, I wouldn't dismiss NF just yet. There is also Niagara Falls, Ontario which seems to have a more consistent flow of visitors throughout the year. And you can quite literally walk there from the U.S. side if you didn't forget your passport at home :) Of course, I don't know how much (if at all) this could affect a hospitality business, so I would continue trying to find someone who actually operates an STR here to find out more.


 thank you for this, because locals always have the better pulse for the city than anyone else can or will. 

Post: Anyone investing in STR in Niagara Falls?

Carolina SolorzanoPosted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 85
  • Votes 31

Yes! I noticed on the city website that it can only be done in certain areas, which I'm more than fine with. I wanted to see about winter market up there. 

Post: Anyone investing in STR in Niagara Falls?

Carolina SolorzanoPosted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 85
  • Votes 31

Hello everyone,

My business partner and I are considering buying in Niagara Falls as a short term rental investment and we'd love to speak to someone there running a vacation rental. Thanks in advance.

Carolina Solorzano. 

Post: Anyone investing in Crescent City ?

Carolina SolorzanoPosted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 85
  • Votes 31

Thanks Carson, I'll PM you shortly. 

Post: Anyone investing in Crescent City ?

Carolina SolorzanoPosted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 85
  • Votes 31

Hello BP, I'm looking for a 3 and or 4 bedroom house in the Crescent City area of Northern California. Anyone working out there, I'd love to talk to you. 

Carolina Solorzano.

Post: Financing a Detatched ADU using Renofi.

Carolina SolorzanoPosted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 85
  • Votes 31

Hello Mario, thanks for posting this as I'm actually looking into ADUs. Even though I'm based in San Francisco, I have friends in the area and I'd love to attend your next meetup. 

Post: What’s the 1st step for a new Real estate investor?

Carolina SolorzanoPosted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 85
  • Votes 31

Hi Bryan, welcome to the group. As an investor for now off/on 10 years, the best advice I can give you is to start figuring out your finances. Budget everything out and once you have an idea of what type of property you want, then establish an LLC. You want to treat your first investment as a business and creating one will save you loads of headaches in the future. The other advice that I completely agree with everyone here is that you should start absorbing as much information as possible. Grab as many books from multi-family investors in the BP authors and go through as many podcasts as you can. Lastly and very importantly, your net worth is completely tied to your network. Go to physical meetups if possible. Go to them as often as you can, network as though you life depends on this, because I think this is what slowed down my process. I'm not a very shy person until you get me in a room with a bunch of strangers. Go anyways, even if you walk away only talking to one other person- do it and don't stop. One place to look for local meetups is meetup.com- create an account and go from there.

Post: Realtor recommendations for Joshua Tree

Carolina SolorzanoPosted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 85
  • Votes 31

Hello Everyone, 

Any good recommendation on STR realtors out in Joshua Tree area? I'm going to be in town this coming weekend and would love to view a few properties while there.

Thanks in advance. 

Carolina Solorzano. 

Post: Advice needed for resale value of an SFR: 3BR/1BA or 2BR/2BA?????

Carolina SolorzanoPosted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 85
  • Votes 31

Never get rid of a bedroom, it automatically ads value to your property. Like @Amit M. just said, ask any realtor. Any chance you can possibly add more space to the bathroom by taking a small chunk from a closet or another area?

Post: Repair Costs for SF Bay Area

Carolina SolorzanoPosted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 85
  • Votes 31

It can range from $250-$400 in San Francisco but trying to get a qualified GC with crew ready and available during the same year you want to do work... good luck. I scheduled mine 8 months ahead, especially after the north bay fires.