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All Forum Posts by: Craig Garrow

Craig Garrow has started 67 posts and replied 321 times.

Post: Dealmaker’s Guide to CRE - Ray Alcorn

Craig GarrowPosted
  • Real Estate Broker
  • Malone, NY
  • Posts 345
  • Votes 70

Hello! Looking to see if anyone has a used copy they would like to sell. I’ve looked on eBay and Amazon, but no luck. Any help is greatly appreciated!

Post: Dealmaker’s Guide to CRE

Craig GarrowPosted
  • Real Estate Broker
  • Malone, NY
  • Posts 345
  • Votes 70

Hello! I’m looking to see if anybody has a secondhand copy of this that they would like to sell, or if anyone may have a lead on a copy? I checked eBay and Amazon, but no such luck. Thanks in advance!

Post: Only $5,000 cash how can I start with a rental property !?

Craig GarrowPosted
  • Real Estate Broker
  • Malone, NY
  • Posts 345
  • Votes 70

@Cesar Gomez Find a partner. I’m doing a deal right now where we are buying a small self storage facility, and I’m putting up $5K, and my partner is putting in the rest of the cash. We’re going to be 50/50 owners, but structuring my half (less $5K) as an interest free loan, paid out of the income of the property, and I’m managing the deal.

Post: Broker/Owners: Looking for a spreadsheet!

Craig GarrowPosted
  • Real Estate Broker
  • Malone, NY
  • Posts 345
  • Votes 70

For any of the Broker/Owners out there; I’m looking for some sort of spreadsheet to track our sales & commissions. Trying to get a little bit ahead of the “end of year” stuff, and looking for something simple to track everything. Thanks!

Post: Joint Venture Partnership Structure With A Builder: Thoughts?

Craig GarrowPosted
  • Real Estate Broker
  • Malone, NY
  • Posts 345
  • Votes 70

This thread was a great read. It’s definitely got me thinking! I’m a Broker, and I own three 1 acre lots in a prime area of town. Homes sell routinely for $250K-$300K in this neighborhood.

There’s a reputable builder looking for property in the area to spec build a house, and I’ve got a chance to sell one of my lots for a nice profit. Reading this thread now has me wondering if offering some sort of joint venture might be more beneficial, and a way to make more money off the property. Plus, it’s always nice to have a brand new construction home to market as an office listing!

Post: Pointless to apply for EIDL loans right now

Craig GarrowPosted
  • Real Estate Broker
  • Malone, NY
  • Posts 345
  • Votes 70

I applied April 7th, and got no correspondence except an email stating that they received my application (probably 7-10 days after applying,) and just got $1K in my account yesterday.

Post: Commercial appraisals upstate New York

Craig GarrowPosted
  • Real Estate Broker
  • Malone, NY
  • Posts 345
  • Votes 70

@Robin Casper I’m up in Malone, NY. No problems doing residential appraisals so far. Slightly slower turn times, but that’s about it.

Post: Running a RE Brokerage with no employees.

Craig GarrowPosted
  • Real Estate Broker
  • Malone, NY
  • Posts 345
  • Votes 70

This whole covid-19 situation has me thinking about the need to eliminate a little overhead and trying to be a little more nimble in our business. So, I'm wondering how many Brokers are running businesses with no employees, and just using independent contractors, or how dicey it is to give each Agent a "responsibility," so to speak, without creating an issue where it could be construed as an employee/employer situation? I've also thought about possibly trying to look into VA's or interns. Any help is greatly appreciated!

Post: Real estate broker specializing in investments

Craig GarrowPosted
  • Real Estate Broker
  • Malone, NY
  • Posts 345
  • Votes 70

@Dominic Vill Try the Cunningham Group. They’re with Re/Max last I knew. They do a good bit of investor business, and have a great property management company. I’ve talked to Shawn and Kyle a few times. Top notch!

Post: Six Unit Multifamily Cashflow Opportunity!

Craig GarrowPosted
  • Real Estate Broker
  • Malone, NY
  • Posts 345
  • Votes 70

This six unit property is located in the center of the Village of Malone, NY. 5 of 6 units currently rented for a total of $3,095.00 per month, with the 6th bringing an additional $600.00 per month. Roof is approximately 3 years old. Needs some TLC, asking $199,000.00.  Send a PM, or an email to [email protected] for a cash flow projection, and seller’s list of expenses!

Craig Garrow

Marshall Realty