Finding another deal is one thing. Being ready to carry two projects is another. If your first flip is still under renovation, what gives you the confidence to buy the next one? Do you wait until the first property is listed, keep separate cash reserves for each project, or arrange additional bus...
I posted one of my properties on affordable housing website. The allowance for a 2bed apartment in that zip code according to the Rochester Housing Authority is $1775. I priced my unit at $1700, which is slightly higher than market rate (maybe $1600), but I've had 0 inquiries. My listing has a gr...
You budgeted for the purchase and rehab—but what if the finished property sits longer than expected? Loan payments, utilities, insurance, and taxes keep coming even after the contractors leave. Before taking on a deal, ask yourself: • How much would three extra months cost? • Would that leave eno...
I’m a broker and buy-and-hold investor in Rochester, NY (small residential and multifamily), and I’m starting to look seriously at mobile home parks. I’m looking at a 35 pad park with a combination of TOH, POH, and LTO. Before I get too far, I want to make sure I understand how experienced park o...
Hi, I'm Joe. I've been buying real estate in Monroe County since 2008, which means I've owned property through a crash, a boom, a pandemic, and whatever we're calling the current market. For a long time I was the guy answering the maintenance call at 11pm. Recently, I decided to build the systems...
One thing I’ve noticed in real estate investing is that a good deal doesn’t always wait for an investor to figure out financing. You can find a property with great margins, but if your capital isn’t lined up, someone else may close before you do. That’s why I believe investors should understand t...
A lot of investors focus on the purchase price, rehab budget, and ARV, but holding costs can quietly eat into the profit. Before closing, I think it’s important to account for things like interest, utilities, insurance, taxes, maintenance, and the possibility that the project takes longer than ex...
I've been developing a property management app, and I'd like to get some honest feedback from other landlords. One thing I've found frustrating about owning rental properties is keeping track of expenses, organizing financial records, and getting everything ready for tax season. I'd rather not sp...
A lot of investors run the numbers based on everything going according to plan. But what happens if the property sits on the market longer than expected? Before getting into a flip, I think it’s important to know your backup strategy. Maybe that means adjusting the price, refinancing, renting tem...
One thing I’ve noticed with flips is that the original rehab budget and the final number don’t always look the same. Unexpected electrical, plumbing, foundation issues, change orders, contractor delays, or extra holding costs can eat into a deal pretty quickly. That’s why I think investors should...
If you own or invest in Rochester real estate, are you looking at what the proposed zoning changes could mean for your actual properties? The City’s Zoning Alignment Project—ZAP—includes a proposed replacement zoning code and map. It’s still moving through the public review process, with official...
One thing I’ve noticed when talking with real estate investors is that sometimes the biggest challenge isn’t finding a profitable deal. It’s having access to capital when the opportunity comes along. You might have money tied up in a renovation, waiting on a property to sell, or already committed...
Rochester City Council just approved the transfer of $20 million in state funding toward demolition of the long-vacant Terrence Building on Elmwood Avenue. The proposed redevelopment covers roughly 27.5 acres and could ultimately bring more than 500 affordable and market-rate housing units, along...
Hey everyone, I’m Nick with 850Floyd Financial. I specialize in helping business owners and real estate investors access funding, and I’m looking to connect with professionals who are open to building long-term referral partnerships. I work with both new and established businesses, offering acces...
One thing I’ve noticed is that many contractors are so focused on running their businesses that they don’t always realize what financing options may be available to them. I’m Nick with 850Floyd Financial, and I specialize in helping business owners access capital. I wanted to break down two diffe...
One thing I think gets overlooked in real estate investing is what happens when a great opportunity comes along, but most of your capital is already tied up in another property. You might have the experience, the contractors, and the numbers figured out, but not having access to additional capita...
One thing I’ve noticed about fix-and-flip investing is that sometimes the biggest challenge isn’t finding a profitable deal. It’s having enough capital to get through unexpected delays. Contractors get backed up, materials cost more than expected, and projects that were supposed to take 3 months ...
After reading Rich Dad Poor Dad—the book that seems to lead every young investor into real estate—I decided to take a leap of faith when everyone else said I was crazy. I bought a house on Gregory Street in Rochester's South Wedge. The neighborhood was not like it is today. Blight and crime were ...
One thing I’ve noticed with fix-and-flip investors is that finding a good deal isn’t always the biggest challenge. Sometimes it’s having enough capital available to take advantage of the opportunity. You might have money tied up in one renovation while another great property hits the market. That...
One thing I’ve noticed with fix-and-flip investors is that sometimes the biggest challenge isn’t finding a profitable deal. It’s having enough available capital to take advantage of the next opportunity. You might have $80K or $100K tied up in a renovation, and another good deal comes along befor...
One thing I don’t see discussed enough in fix-and-flip investing is the timing of rehab funding. You can have a profitable deal on paper, but if your lender releases rehab funds in draws, you could end up paying contractors and purchasing materials before getting reimbursed. That can put a seriou...
One thing I’ve noticed about real estate investing is that even a great deal can turn into a stressful situation when unexpected expenses start adding up. You might have the purchase and renovation costs covered, but what happens when you discover additional repairs, materials cost more than expe...
One thing I’ve noticed is that finding a good deal isn’t always the biggest challenge for real estate investors. Sometimes it’s having enough available capital to take advantage of the next opportunity. You might have one property under renovation, contractors waiting to be paid, and holding cost...
I’ve been thinking about something that doesn’t get discussed enough in the contracting business. You can have plenty of work lined up and still run into cash flow problems. Between paying employees, buying materials, covering equipment costs, and waiting for customers to make payments, there’s a...
Hi everyone. I recently won my first investment property through a tax-foreclosure auction in Rochester, NY for $15,000, and I'd love some input from investors who have experience with low-cost rehabs, BRRRR, flips, and rentals. The property is approximately 1,550 sq. ft., 4 bedrooms/2 bathrooms,...