Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
Followed Discussions Followed Categories Followed People Followed Locations
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Randy Gutierrez

Randy Gutierrez has started 3 posts and replied 169 times.

Definitely overwhelming at first, but you have all the information you need. I educated myself for 3 months on a daily basis before I got to a point where I just felt that there was only so much I could read, listen, or watch.

Just take it a step at a time, things appear larger than what they are on paper and keep reminding yourself of how you REALLY want to live your life.

Post: Would you respond to this insult?

Randy GutierrezPosted
  • Investor
  • NY
  • Posts 171
  • Votes 80

I would caution against replying directly. Such responses, particularly when made by a company in response to a former tenant, rarely have the desired effect of persuading other posters that you are right and the former tenant is wrong. To the contrary, this type of message can result in further negative comments as posters learn that the company is willing to engage them on their private page.

If the business is being affected you can clarify and state your point of view on your page in a professional manner. 

Post: COVID-19 vs. Basic Freedoms

Randy GutierrezPosted
  • Investor
  • NY
  • Posts 171
  • Votes 80
Originally posted by @Matt R.:

The info is fluid. One study just suggested NYC metro has had as many as 3 million with the virus. Another man on the street study of 200 walking by , 63 tested positive or 30% which corresponds to NYC metro at 3 mil. We will never know the actual demonator, it just spread too fast. 

I think this well end up being true, if not more have it. The lockdown in NYC was too slow in my opinion and it is amazing to see that the media hasn't crucified Governor Cuomo for it. The mayor was advocating for it to be done earlier and Cuomo was delaying it for economic reasons but that is also something you won't find in the media. When the closure was officially announced there were already 8,500 total cases in NY with 5,100 of them in NYC. By the time the lockdown took effect, a mere two days later, the number jumped to 15,000 total cases in NY.

In terms of flattening the curve or keeping it flat I think the lockdown had an opposite affect, at least initially. If you tell a dense city like NYC that essentially half the city will be closing on this specific date (keep in mind it was announced on a Friday and took effect on a Sunday), what do you think the whole city is going to do? The city will become significantly more dense in certain locations such as grocery stores, pharmacies, etc. and just contribute even more to the spread. This then results in a spike in the curve initially and hospitals quickly become overrun and at that point it just becomes a mission about flattening the curve. I could only imagine all the operational issues that hospitals experienced during this initial spike, lack of beds, lack of ventilators... choosing who lives and who dies because of that. My grandfather who is 88 years old was told by the paramedics it is better to stay home than to be in a hospital despite him having side effects to medication, high fever, pneumonia and the inability to walk on his own.

Post: COVID-19 vs. Basic Freedoms

Randy GutierrezPosted
  • Investor
  • NY
  • Posts 171
  • Votes 80

@Bryan Beal I think it's quite commendable for voicing your opinion. It is unfortunate to see some of the replies you are receiving but I can't say I am surprised especially it being such a touchy subject. 

I think it is important for people to maintain perspective on the matter. In NYC it is very easy to make the case that a lockdown is necessary with everything that is happening here. I happen to work in the grocery business where my family owns two supermarkets here so I know first hand what is happening here. Personally I am not for lockdowns in general but being how dense this city is I can see why we went that route. If you take a state like Alabama, North Carolina, or Missouri where they have headlines like "North Carolina recorded its deadliest day from the pandemic, after officials announced 34 new deaths" and you compare that to NY's 500-800 daily deaths, I can see why people in those states would be frustrated considering the lockdowns are nearly identical, yet what is actually happening is vastly different. I think the measures the state governments are taking should be catered specifically to that state. It should not be a "copy and paste" from other states

Post: How Long To Find Your First Deal?

Randy GutierrezPosted
  • Investor
  • NY
  • Posts 171
  • Votes 80

Technically I am still learning but I spent about 4 months educating myself on RE investing before I was comfortable on pulling the trigger and signing an agreement with an agent. From there it took about 2 weeks to find a potential deal which I was outbid on. Then another 3 weeks to find another deal which I ended up closing on.

5 properties is the way to go, that’s a no brainer.

Do one deal at a time until you are completely confident to handle a couple at a time.

Post: First time home buyer

Randy GutierrezPosted
  • Investor
  • NY
  • Posts 171
  • Votes 80

Just find areas of interest, research the local economy (job growth, market rents, etc.), and start calculating numbers.

If the above pans out then visit the area, window shop properties of interest. If you like what you see then connect with a real estate agent here on BP. The rest is history.

For me 2 1/2 drive from NYC was max, for now at least.

Very inspiring, keep up the good work.

Post: How to find an agent

Randy GutierrezPosted
  • Investor
  • NY
  • Posts 171
  • Votes 80
Originally posted by @Cole Farrell:

@Randy Gutierrez Thank you very much, I’ll contact him! Much appreciated!

@David Ribardo Yes, here he is. Sorry for some reason it didn't tag him.

@Timothy Duggan

Just lock it in and put them on a 6 month lease. Raise it at renewal. Even if they decide to move you can fill it quicker in the warmer months.

Price alone accounts for a lot but it can also be the location and condition/layout of your unit that may net a higher amount of applicants