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Nick Sakalis' Blog

By Nick Sakalis | Agent in Syosset, NY
  • Knowing what type of Investor you are

    Posted Under: Market Conditions in Nassau, Property Q&A in Nassau, Home Ownership in Nassau  |  June 18, 2012 11:10 AM  |  300 views  |  No comments

    Often customers or clients approach me and ask: Nick, can you find me a good property to invest in? I then in return always ask the individual what type of property are you looking for? At that point, 99% of the time I get a blank stares or answers such as: just find me something good and that's a deal. I then have to take out my Professor's hat and have to start educating. I can literally write a book on each individual form of investing in Real Estate and I will write small summaries on each type in the near future. For now though, I just want to break down the general groups of investors and investments. The following is a list the most common types of property investing.

    Note, that all groups listed can be further broken down to multiple sub-groups.

    Types of Real Estate Investments

    1. Land
    2. Residential (1-4 Family Homes & Condos/Coops)
    3. Multi-Family Residential (Apartment Buildings)
    4. Commercial
    5. Mixed-Use (combination of Residential & Commercial on in one building or permitted on one lot)
    6. Commercial (Office Space/units)
    7. Commercial (Industrial)
    The following is a list of the general types of investors in Real Estate. Note, each Investor type can be broken down to multiple sub-categories.
    Real Estate Investors
    1. First Time Investor
    2. Professional Investor (someone who has taken Real Estate investing as a profession)
    3. Professional Landlord
    4. Cash Flow Investors
    5. Equity Investors
    6. Fix & Flippers
    7. Builders / Developers
    8. Speculator
    9. Entrepeneur / Self user

    It's a good idea to try to specialize in a certain sector of Real Estate investing. One can be involved in multiple types of property, but I feel the most success comes to those who focus in one particular field and become experts in it. Often, investors begin with simple transactions and evolve towards the more complicated deals.

    For more tips visit and Real Estate related info, visit my FaceBook Page: http://www.facebook.com/pages/Nick-Sakalis-Your-Friendly-Neighborhood-Real-Estate-Agent/213684318660962

  • Knowing what type of Investor you are

    Posted Under: Market Conditions in Nassau, Property Q&A in Nassau, Home Ownership in Nassau  |  June 18, 2012 11:10 AM  |  298 views  |  No comments

    Often customers or clients approach me and ask: Nick, can you find me a good property to invest in? I then in return always ask the individual what type of property are you looking for? At that point, 99% of the time I get a blank stares or answers such as: just find me something good and that's a deal. I then have to take out my Professor's hat and have to start educating. I can literally write a book on each individual form of investing in Real Estate and I will write small summaries on each type in the near future. For now though, I just want to break down the general groups of investors and investments. The following is a list the most common types of property investing.

    Note, that all groups listed can be further broken down to multiple sub-groups.

    Types of Real Estate Investments

    1. Land
    2. Residential (1-4 Family Homes & Condos/Coops)
    3. Multi-Family Residential (Apartment Buildings)
    4. Commercial
    5. Mixed-Use (combination of Residential & Commercial on in one building or permitted on one lot)
    6. Commercial (Office Space/units)
    7. Commercial (Industrial)
    The following is a list of the general types of investors in Real Estate. Note, each Investor type can be broken down to multiple sub-categories.
    Real Estate Investors
    1. First Time Investor
    2. Professional Investor (someone who has taken Real Estate investing as a profession)
    3. Professional Landlord
    4. Cash Flow Investors
    5. Equity Investors
    6. Fix & Flippers
    7. Builders / Developers
    8. Speculator
    9. Entrepeneur / Self user

    It's a good idea to try to specialize in a certain sector of Real Estate investing. One can be involved in multiple types of property, but I feel the most success comes to those who focus in one particular field and become experts in it. Often, investors begin with simple transactions and evolve towards the more complicated deals.

    For more tips visit and Real Estate related info, visit my FaceBook Page: http://www.facebook.com/pages/Nick-Sakalis-Your-Friendly-Neighborhood-Real-Estate-Agent/213684318660962

  • Knowing what type of Investor you are

    Posted Under: Home Buying in Nassau, Foreclosure in Nassau, Investment Properties in Nassau  |  June 18, 2012 11:09 AM  |  305 views  |  No comments

    Often customers or clients approach me and ask: Nick, can you find me a good property to invest in? I then in return always ask the individual what type of property are you looking for? At that point, 99% of the time I get a blank stares or answers such as: just find me something good and that's a deal. I then have to take out my Professor's hat and have to start educating. I can literally write a book on each individual form of investing in Real Estate and I will write small summaries on each type in the near future. For now though, I just want to break down the general groups of investors and investments. The following is a list the most common types of property investing.

    Note, that all groups listed can be further broken down to multiple sub-groups.

    Types of Real Estate Investments

    1. Land
    2. Residential (1-4 Family Homes & Condos/Coops)
    3. Multi-Family Residential (Apartment Buildings)
    4. Commercial
    5. Mixed-Use (combination of Residential & Commercial on in one building or permitted on one lot)
    6. Commercial (Office Space/units)
    7. Commercial (Industrial)
    The following is a list of the general types of investors in Real Estate. Note, each Investor type can be broken down to multiple sub-categories.
    Real Estate Investors
    1. First Time Investor
    2. Professional Investor (someone who has taken Real Estate investing as a profession)
    3. Professional Landlord
    4. Cash Flow Investors
    5. Equity Investors
    6. Fix & Flippers
    7. Builders / Developers
    8. Speculator
    9. Entrepeneur / Self user

    It's a good idea to try to specialize in a certain sector of Real Estate investing. One can be involved in multiple types of property, but I feel the most success comes to those who focus in one particular field and become experts in it. Often, investors begin with simple transactions and evolve towards the more complicated deals.

    For more tips visit and Real Estate related info, visit my FaceBook Page: http://www.facebook.com/pages/Nick-Sakalis-Your-Friendly-Neighborhood-Real-Estate-Agent/213684318660962

  • Knowing what type of Investor you are

    Posted Under: Home Buying in Queens, Foreclosure in Queens, Investment Properties in Queens  |  June 18, 2012 11:08 AM  |  342 views  |  No comments

    Often customers or clients approach me and ask: Nick, can you find me a good property to invest in? I then in return always ask the individual what type of property are you looking for? At that point, 99% of the time I get a blank stares or answers such as: just find me something good and that's a deal. I then have to take out my Professor's hat and have to start educating. I can literally write a book on each individual form of investing in Real Estate and I will write small summaries on each type in the near future. For now though, I just want to break down the general groups of investors and investments. The following is a list the most common types of property investing.

    Note, that all groups listed can be further broken down to multiple sub-groups.

    Types of Real Estate Investments

    1. Land
    2. Residential (1-4 Family Homes & Condos/Coops)
    3. Multi-Family Residential (Apartment Buildings)
    4. Commercial
    5. Mixed-Use (combination of Residential & Commercial on in one building or permitted on one lot)
    6. Commercial (Office Space/units)
    7. Commercial (Industrial)
    The following is a list of the general types of investors in Real Estate. Note, each Investor type can be broken down to multiple sub-categories.
    Real Estate Investors
    1. First Time Investor
    2. Professional Investor (someone who has taken Real Estate investing as a profession)
    3. Professional Landlord
    4. Cash Flow Investors
    5. Equity Investors
    6. Fix & Flippers
    7. Builders / Developers
    8. Speculator
    9. Entrepeneur / Self user

    It's a good idea to try to specialize in a certain sector of Real Estate investing. One can be involved in multiple types of property, but I feel the most success comes to those who focus in one particular field and become experts in it. Often, investors begin with simple transactions and evolve towards the more complicated deals.

    For more tips visit and Real Estate related info, visit my FaceBook Page: http://www.facebook.com/pages/Nick-Sakalis-Your-Friendly-Neighborhood-Real-Estate-Agent/213684318660962

  • Knowing what type of Investor you are

    Posted Under: Home Buying in Queens, Foreclosure in Queens, Investment Properties in Queens  |  June 18, 2012 11:08 AM  |  305 views  |  No comments

    Often customers or clients approach me and ask: Nick, can you find me a good property to invest in? I then in return always ask the individual what type of property are you looking for? At that point, 99% of the time I get a blank stares or answers such as: just find me something good and that's a deal. I then have to take out my Professor's hat and have to start educating. I can literally write a book on each individual form of investing in Real Estate and I will write small summaries on each type in the near future. For now though, I just want to break down the general groups of investors and investments. The following is a list the most common types of property investing.

    Note, that all groups listed can be further broken down to multiple sub-groups.

    Types of Real Estate Investments

    1. Land
    2. Residential (1-4 Family Homes & Condos/Coops)
    3. Multi-Family Residential (Apartment Buildings)
    4. Commercial
    5. Mixed-Use (combination of Residential & Commercial on in one building or permitted on one lot)
    6. Commercial (Office Space/units)
    7. Commercial (Industrial)
    The following is a list of the general types of investors in Real Estate. Note, each Investor type can be broken down to multiple sub-categories.
    Real Estate Investors
    1. First Time Investor
    2. Professional Investor (someone who has taken Real Estate investing as a profession)
    3. Professional Landlord
    4. Cash Flow Investors
    5. Equity Investors
    6. Fix & Flippers
    7. Builders / Developers
    8. Speculator
    9. Entrepeneur / Self user

    It's a good idea to try to specialize in a certain sector of Real Estate investing. One can be involved in multiple types of property, but I feel the most success comes to those who focus in one particular field and become experts in it. Often, investors begin with simple transactions and evolve towards the more complicated deals.

    For more tips visit and Real Estate related info, visit my FaceBook Page: http://www.facebook.com/pages/Nick-Sakalis-Your-Friendly-Neighborhood-Real-Estate-Agent/213684318660962

  • Determining what kind of Broker/Agent to use and what Commission to pay

    Posted Under: Home Selling in Queens, How To... in Queens, Moving in Queens  |  June 18, 2012 8:17 AM  |  342 views  |  1 comment

    Often I am asked what the standard rate is for Agents /Brokers for listing and selling a home.  I truly go by the concept of, “You get what you pay for”.    If you are looking for discount Broker, then you should pay a discount rate.  I you are looking for full service then expect to pay a full service fee.  Do not expect a full service broker to offer all his or her services at a discount rate.

    What a potential seller should do is ask exactly what the Broker/Agent will provide towards achieving an optimum result for the sale of the home or property.  The Agent/Broker should provide a detailed list of areas where they will advertise/market the subject property. In addition, a schedule for Open Houses and should discussed.  Last but not least all print Items such as flyers, brochure, Newspaper and Magazine Ads should be pointed out to the seller.  Often discount brokers will say they can offer all of these items. 

    I find it very difficult to believe that any Agent/Broker will take all this out pocket put in the time and effort and still be able to walk away after the sale without a loss.  What often is the case; many discount brokers use all the free marketing/advertising available and spend little to no money towards the sale of the property.   It is critical that proper steps are taken when selling any Real Estate.  If they are not, the owner might as well put a red & white For Sale by Owner sign up and hope and pray for someone to drive by and fall in love with the property.    The discount brokers do have their advantages for the seller.  They can be useful for one not wanting to do their own open houses or not taking all the call with inquiries directly. 

    On the flip side of the coin, when interviewing full service Agents/Brokers, the Seller should expect everything to be included.  This means, Internet Marketing, Prints Ads, Post Cards and/or other promotional mailings.  The Agent/Broker provides a strategy towards selling the property along with a calendar with the scheduled dates for events and promotions.  If the individual the seller is interviewing can’t provide these things, then that person is Full Service.  

    Once the Seller determines what type of Agent/Broker they prefer to use, he or she can start interviewing.  I think 3-4 interviews will be adequate to understand what the going rate is for the type Professional the owner is looking for.  Keep in mind the 3-4 interviews suggested is to determine the average rate and not necessarily the best individual to make the sale.  More interviews may be needed before picking the right Real Estate Agent/Broker.   The most important thing that the seller must do might be after all this process has taken place.  The seller should get updates often.  He or she should see all advertised and print material and all promotions including Open Houses should be executed as laid out to them.  If the seller doesn’t see all that was promised, within the time period discussed, then perhaps the wrong choice was made.  

  • Determining what kind of Broker/Agent to use and what Commission to pay

    Posted Under: Home Selling, Property Q&A, Home Ownership  |  June 18, 2012 8:14 AM  |  255 views  |  No comments

    Often I am asked what the standard rate is for Agents /Brokers for listing and selling a home.  I truly go by the concept of, “You get what you pay for”.    If you are looking for discount Broker, then you should pay a discount rate.  I you are looking for full service then expect to pay a full service fee.  Do not expect a full service broker to offer all his or her services at a discount rate.

    What a potential seller should do is ask exactly what the Broker/Agent will provide towards achieving an optimum result for the sale of the home or property.  The Agent/Broker should provide a detailed list of areas where they will advertise/market the subject property. In addition, a schedule for Open Houses and should discussed.  Last but not least all print Items such as flyers, brochure, Newspaper and Magazine Ads should be pointed out to the seller.  Often discount brokers will say they can offer all of these items. 

    I find it very difficult to believe that any Agent/Broker will take all this out pocket put in the time and effort and still be able to walk away after the sale without a loss.  What often is the case; many discount brokers use all the free marketing/advertising available and spend little to no money towards the sale of the property.   It is critical that proper steps are taken when selling any Real Estate.  If they are not, the owner might as well put a red & white For Sale by Owner sign up and hope and pray for someone to drive by and fall in love with the property.    The discount brokers do have their advantages for the seller.  They can be useful for one not wanting to do their own open houses or not taking all the call with inquiries directly. 

    On the flip side of the coin, when interviewing full service Agents/Brokers, the Seller should expect everything to be included.  This means, Internet Marketing, Prints Ads, Post Cards and/or other promotional mailings.  The Agent/Broker provides a strategy towards selling the property along with a calendar with the scheduled dates for events and promotions.  If the individual the seller is interviewing can’t provide these things, then that person is Full Service.  

    Once the Seller determines what type of Agent/Broker they prefer to use, he or she can start interviewing.  I think 3-4 interviews will be adequate to understand what the going rate is for the type Professional the owner is looking for.  Keep in mind the 3-4 interviews suggested is to determine the average rate and not necessarily the best individual to make the sale.  More interviews may be needed before picking the right Real Estate Agent/Broker.   The most important thing that the seller must do might be after all this process has taken place.  The seller should get updates often.  He or she should see all advertised and print material and all promotions including Open Houses should be executed as laid out to them.  If the seller doesn’t see all that was promised, within the time period discussed, then perhaps the wrong choice was made.  

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