All Forum Posts by: Craig Garrow

We have an office exclusive listing for three single family rentals, one of which is connected to a commercial building, located on the high traffic count US Route 11, in the Village of Malone, NY. Seller's figures are as follows:

274 West Main Street (SFR with Commercial Building)
4 - Beauticians @ $350.00/month each.
1 - Nail Tech @ $375.00/month.
1 - Office Rental @ $400.00/month.
1 - Vacant (Largest Space, was rented for $900.00/month - now being advertised at $1,000.00/month.)
House Rental - $550.00/month.
Owner pays utilities:

Taxes/Water/Sewer - $12,800.00 (Annual)
Insurance: $3,200.00 (Annual)
Utilities: $4,500.00 (Annual)

278 West Main Street (SFR)
Income: $625.00/month.
Taxes/Water/Sewer: $3,000.00 (Annual)
Insurance: $450.00 (Annual)
Tenant pays all utilities

280 West Main Street (SFR)
Income: $575.00/month
Taxes/Water/Sewer: $3,200.00 (Annual)
Insurance: $460.00 (Annual)
Tenant pays all utilities.

Asking price is $279,900.00. Owner would consider taking back a second mortgage.  Send me a PM or an email at [email protected] for more info!

Craig Garrow

Marshall Realty

@S Cutsail Pat Hiban offers one through Rebus University that was pretty good. Several of the investors featured in the course have been guests on the podcast too!

@John Mikesh I just picked up a copy of Traction. Excited to dig in! What did you find most helpful from this? In the early stages of building a brokerage myself.

@James Wise It’s not costing me anything. The Broker is passing it over to me, due to some health issues that arose.

@James Wise

Love what you’re doing in the investor-broker space!

I’m in the process of taking over the Brokerage that I work for, and wanting to sort of departmentalize it, for lack of a better term.

We’ve got 4 Agents, plus me, and my current Broker, who is looking to semi-retire. Over half of my business this past year was investors, and I want to keep that as my main focus. The plan is to continue this way, and probably do some retail listing/selling for just my personal sphere, and kick everything else to my agents. I go back and forth on building a team vs going at it alone, and I’m hoping that keeping a small number of capable agents will get me a little bit of leverage, and let me focus more on the parts of the business I enjoy most.

The other thing I want to do, is get into some ancillary businesses. We already have Property Management, doing 25 units for investors that I’ve sold properties to, plus my own investments. I know there’s more I can be doing with that. Also, I’m currently in talks with a local abstracting company to partner with them, and eventually, would love to get into insurance as well. So, I wondered how you got started with the side businesses, and how that’s worked out for you?

Appreciate all of the help!

@Paul Moore Excited to hear that you’re writing a Self Storage book for BP! Always enjoy your insight, and Storage is one of my favorite topics!

Check out The Book on Negotiating Real Estate by J Scott. I thought this was super practical, great info, and real estate specific!

@Joel Owens Any idea where to get a copy of that Book? Checked Amazon and they start at like $700!

@Jessica Frasier Matt Faircloth wrote a great book, called Raising Private Capital. It’s in the BP bookstore. Lots of good, practical information in there!

@Matt Whitermore Hey Matt! I’m a Real Estate Broker & Property Manager up in Malone, NY!

Would love to connect with everyone up North!