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All Forum Posts by: Preston Garcia

Preston Garcia has started 0 posts and replied 117 times.

Post: Anywhere left to invest in inexpensive real estate ?

Preston Garcia
Posted
  • Real Estate Agent
  • Rochester, NY
  • Posts 126
  • Votes 21

@Michelle Backer Come take a look at Rochester, NY. I’m an agent and investor over here. Prices are pretty low in comparison to most places in the country and rents are fairly high.

Post: Newbie - Rochester, NY

Preston Garcia
Posted
  • Real Estate Agent
  • Rochester, NY
  • Posts 126
  • Votes 21

Hey Neil,

Give me a call sometime 585-820-7977. We can talk about investing in Rochester, as I’m an investor agent here!

Post: Potential duplex rehab worth it?

Preston Garcia
Posted
  • Real Estate Agent
  • Rochester, NY
  • Posts 126
  • Votes 21

@Jasmine Edwards I totally understand. I like most parts of the 19th Ward, as there are some areas there that are rougher than others. Overall, I like the 19th Ward though.

Post: Potential duplex rehab worth it?

Preston Garcia
Posted
  • Real Estate Agent
  • Rochester, NY
  • Posts 126
  • Votes 21

@Jasmine Edwards Hey Jasmine, I am the listing agent for that (offers due tomorrow at noon). Overall, the area isn’t the best, but definitely not the worst. Shouldn’t be too hard to rent, only thing is that it’ll end up needed a new c of o soon!

Post: Out of State investing

Preston Garcia
Posted
  • Real Estate Agent
  • Rochester, NY
  • Posts 126
  • Votes 21

@David Grenier

Sorry to hear about your experience over here in Rochester! Let me know if you need anything!

Post: From Toronto, looking to invest in Buffalo & Rochester area.

Preston Garcia
Posted
  • Real Estate Agent
  • Rochester, NY
  • Posts 126
  • Votes 21

You’re welcome, best of luck either way!

Post: From Toronto, looking to invest in Buffalo & Rochester area.

Preston Garcia
Posted
  • Real Estate Agent
  • Rochester, NY
  • Posts 126
  • Votes 21

Hey,

I'm an agent over here in Rochester and can definitely help you out with both lenders and PML's. I would like to jump on a call and discuss those and target areas over here. I also have a couple clients in Canada and I can give you their contact info so you can talk to them. Feel free to reach out at anytime!

Post: Looking for Investor-friendly Agent in Buffalo!

Preston Garcia
Posted
  • Real Estate Agent
  • Rochester, NY
  • Posts 126
  • Votes 21

Hey @Michael Slabine, I don’t invest in Buffalo, but if you ever look in Rochester, I can be of help! I can help you with properties in Buffalo, just not super familiar with it like I am with Rochester. It’s about a hour drive from each other. Feel free to reach out!

Post: Section 8 and Investment Property

Preston Garcia
Posted
  • Real Estate Agent
  • Rochester, NY
  • Posts 126
  • Votes 21
Quote from @Ardian Muriqi:

Hello all, I am currently a westchestor county resident and I have been taking a look at investing into properties in Rochester due to the cost. I am looking at investing in properties mainly in the 70-130k range and am looking at investing solely into properties that would house section 8 tenants. I am mainly wondering if people are actually getting tenants into these homes for the rates seen on hud. I am also wondering how the process goes, and how long generally speaking it would take to house a tenant. I am also wondering how refinancing works regarding GRM and how a bank would potentially view a property of that nature regarding a refinance. I have no experience with this area specifically but do with areas near NYC and within NYC but due to the high cost am being nudged out. Thank you to all who answer I know this is a loaded question but any help would be amazing!


 I am an agent over here in Rochester, NY and I agree with both Glen and Mackenzie. However, I see more of my clients looking for Section 8, since they are having some problems with tenants paying (not all of them though). It is a risk/reward situation with section 8. Like they said, usually requires more management, but it can guarantee some of the rent, if not, all of it. I hope this helps!

Post: Newbie RE investor Long Island

Preston Garcia
Posted
  • Real Estate Agent
  • Rochester, NY
  • Posts 126
  • Votes 21

Yes, I agree, some people look at Buffalo and Syracuse, but usually look here the most.