All Forum Posts by: Gretchen Guarino

Responding to Hamp's post. If the After Renovation Value makes sense, you could certainly leverage "other people's money" and use a private or hard money lender. My point was that you can NOT present that as an all cash offer. 

If you make an all cash offer, any seller's agent that's worth anything will want to see proof of funds. They will want bank/investment account statements showing that you have enough cash on hand to close the transaction.  There are hard money lenders out there who will do unsecured working capital term loans and lines of credit IF you meet certain criteria (i.e. good credit and tax returns). The working capital may be used for any purpose, including real estate. If you qualify, you could get the cash out, deposit it in your bank account and be able to make an all cash offer. Once the property is stabilized, then you sell or cash-out refi and take that cash and repeat this process. Feel free to DM me!

Hi Justin, I'm seeing high net worth individuals investing in Multifamily Apartment Buildings in my local market here in Buffalo. Both U.S. and Foreign Nationals!

Hi Masood! I've also been researching this topic myself! The top markets that always seem to come up are: Texas - Houston/Dallas/Austin, Washington, D.C., Raleigh-Durham, Huntsville, AL, Boise, ID, Florida - Tampa/St. Pete and Orlando, Denver, Phoenix AND Cleveland too! There are a few more, but these are the markets I am most interested in. I look for markets that have population growth and potential for jobs growth. 

All this being said, residential real estate in most primary and secondary markets has been "hot" for awhile. Most of the country is experiencing low inventory. 

As a realtor in Buffalo, NY, I would say the #1 problem I see is WATER! Cleveland is a very similar market. Water is the most damaging force to your property. People don't take proper action to keep water out and away from houses. Sump pumps to keep the basement dry, cleaning gutters and directing water away from foundations with downspouts and grading are often overlooked. The water gets in and over time, causes lots of problems. 

Hope this helps. You are welcome to connect/PM me.

Hi Jack! Good, old-fashioned word-of-mouth is always where I start when looking for anything! Ask your friends, family or REI's you know in your area if they know an experienced Realtor that they had a good experience with. I would also see which agents have listings in your target areas. Then look them up online (i.e. Zillow, Realtor.com, etc.) and read their reviews/check out their sold listings. Hope this helps. You are welcome to connect/PM me if you like.

Hi Steve! I may be able to help. Please connect/message me directly. By the way, I used to live in Colorado--Golden is great place!

I'm a little biased, but I think that finding a great realtor in your target area is super important. If you know people in the area--ask around--word of mouth is always the best source. Read reviews on Zillow/Realtor.com too! 

Hi Travis! I used to live in Southern Colorado years ago--I miss it! So beautiful there. What questions do you have specifically? Feel free to connect/message me directly.

Hi Lance! If the modifications you mentioned are going to create a little usable outdoor space for your tenant--i.e. place to put a couple of chairs, etc.--I would say go for it! It should add value--especially in San Diego! 

Hi Andrew! I agree with Jonathan about the HELOC! Regarding the option to buy a 6+ unit--you will have a more difficult time finding financing if you plan to live in the property--any traditional lender/bank is going to require a substantial down payment.