Hi Mickey

Because Elmont is on the border of queens and long Island it is a grand location!

Just a few questions….

What types of investment properties are you interested in? Would you be working with a construction loan, a conventional loan or an FHA?

Is this your first time purchasing?

Feel free to contact me

I am sure I can find an investment worth your time and money.

Sasha

Don’t forget your tax rebate of up to $8,000.00 (if you qualify)

Elmont is a great place for an investor, as a matter of fact I have a great house in the heart of Elmont for 224k.

Mikey,
Simply put, Investing in Elmont could certainly be very lucrative. The geography of Elmont is such that it is a short commute to New York city and the beaches of Long Island. As you know Mickey, the prices of homes have dropped and we are in a buyer's market cycle of real estate. As with any deal you need to do your due diligence. The numbers need to make sense for the deal to make sense. There is a very good possibility that you could save a lot of money by purchasing a short sale deal in Elmont. Contact me if you have any more questions in regards to investing in Elmont. Best of Luck

Mikey, I recently took a close look at Elmont for some investors. My view is that Elmont is a terrific place to invest in property for these two reasons: location and values. I'd be happy to share some of what I learned with you.

Mikey,

As a beginning investor, I would recommend purchasing a home with low risk, low maintenance, and in a linear real estate market. The median home age in Elmont is 53 years old, as well as that the median price of homes is well over $450,000.

Although cash flow may not be your biggest concern right now, to finance a 50 year old property in a declining market would cost you over $55,000, considering that you get into the home with only 10% down (some banks require 15% down in declining markets, like CA, FL, and other states...). As well, your tenant would need to rent that home for over $2,500 to make it even breakeven on a monthly basis.

I don't mean to be so blunt, but I work with first time investors everyday. Nationwide Real Estate Investments is a real estate "investing" company. This is all we do.

Are you looking to invest for long term equity gain, flipping homes, appreciation, tax benefits, or cash flow?

Please feel free to ask any questions you have about investing or areas throughout the U.S.

Denton Ward
Nationwide Real Estate Investments
http://www.nwrei.net

Elmont is a very convient location for commuters, who would probably be your tenants. It is also an affordable area. What type of investment are you considering, a single family, multi-family . As with any investment you would want to carefully review the numbers. If you would like any specific info please give me a call or e-mail me at mc@qualityhomeshoppe.com with you reqirements and I can foward some investment properties to you.