All Forum Posts by: Christian Hoffman

Thanks so much for the responses. Any advice for who to be in contact with to make sure I don't miss any opportunities to purchase out of foreclosure eventually? 

I live next door to a house that I've always had my eye on to pick up as a rental. The owner passed away in the Spring, and there is no close family to take it on. She had a reverse mortgage on it, I've spoken with a couple of her contacts (cousin and handyman), who said that the lawyer is taking care of everything. In speaking with the lawyer, she says that the "bank is taking it, it's a real shame." I spoke with the bank, and they continue to say that they haven't taken possession of it, that with COVID things are slower than usual.

So without knowing a lot of how probate goes, my thought is that the lawyer could go through with selling the property if she wanted to, but just doesn't want to deal with the extra work, especially since there is no family pushing her to do so. Any tips or tricks out there to try and get her to move on it? Trying to figure out if there are any specific ideas or things to say to try and get something done. Thanks for any help anyone can offer!

Niagara Falls is tough because only certain people have licenses from the city to do work, can make things more difficult. There are good ones out there though!

So I've worked in downtown NF for the past four years. Interesting take on the hotels, as they are all being built downtown, but that's not where you want to invest, unless you're all in on an appreciation play with the aspect of the State money getting ready to be poured in north of the casino. If you're just looking for a nice, safe rental, you're basically looking on the far east side of Niagara Falls, out toward Town of Niagara.

When I was considering investing in NF, an investor told me to focus where people want to live. I just can't justify that NF is where more than a handful of people want to live...

Thanks all, I really appreciate the support! I hope to make connections with many of you, so I can learn a lot and make some great things happen. 

Is there still a Buffalo/WNY meet-up happening? Please pass along info if so. Thanks!

Thanks everyone for the welcomes and well wishes! I am curious if anyone has any experience or insight as to Niagara Falls specifically. The area interests me for a few different reasons, but the lack of real estate appreciation and the tenant landscape scares me a bit. Thanks in advance for any help!

I am just starting out exploring what possibilities exist for real estate investing in WNY. We live in the Buffalo suburbs (Cheektowaga/Depew), and I work in Niagara Falls, so we're exploring a pretty wide area currently to figure out what area may work best. We are currently considering buy and hold strategies for single and multi-family rentals. Looking to learn more about the area, and what strategies work particularly well in WNY. Thanks!