Kathryn Lilly, Principal Broker
Realty on the Greene, LLC
I am curious, why is it that you want a foreclosed property? Keep in mind that many foreclosed properties are in terrible condition and will require lots of work to ma ... more
You need to find out the rent roll and then subtract the operating expenses to find out the Net Operating Income (NOI). After that you need to calculate the Capitalization ... more
If you want a buyers agent just make sure it is clear up front what your obligation to that agent is and whether or not you will have to pay them a fee. A buyers agent ha ... more
Strike while the iron is hot. Rates are incredibly low, and it's a Buyer's market. Jump in feet first and make your purchase!
And leave the money in your 40 ... more
The best person to answer this would be your Local Mortgage Banker as part of the Prequalfiication process.
For Co-Op Financing, minimum down payment with m ... more
Many condo developments are offering Rent with Option to Buy on new construction where many units remain unsold.
Almost any realtor can assist you with your search. ... more
At the end of the year the shareholders in Co-ops will receive from the management company the deductible amounts for co-op's interest expense and real estate taxes ... more
But a lot of other factors surround it. All income expenses plus a complete financial history for at least 24 months have to be fully verified before you ... more
Maybe the comp ... more