Rentals in Midwood>Question Details

Help!, Renter in Midwood, Brooklyn, NY

Looking for a two bedroom in Brooklyn near a decent high school. We have one small dog and a cat and are willing to pay up to $1,800 a month. Help?

Asked by Help!, Midwood, Brooklyn, NY Fri Apr 13, 2012

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Jack Menashe’s answer
I have a great JR4 if interested... Can research some others as well. Please contact me & I'll set you up w/my rental agent...


Jack Menashe
0 votes Thank Flag Link Sat Apr 14, 2012
Rent today; Buy tomorrow. How to convert from Tenant to Homeowner.

When I rented my first apartment in Astoria, I did not want to be a Tenant my whole life and pay my Landlord’s mortgage. I longed to become a Homeowner.

That’s why I found my way into the mortgage business in 1989 and soon afterward became a Homeowner. Here are the fundamentals any Tenant should know to prepare to become a Homeowner in the future, no matter when that might be.

• Credit: Establish 3 credit accounts, no more than 5. Pay your bills on time. Keep your balances to no more than 50% of your credit limit. Don’t pay off the accounts in full. Keep balances active for 12-24 months. All of the above will provide both a good credit score and adequate credit history to qualify for a mortgage loan.

• Assets: A basic savings budget isn’t hard to do. Pay your rent first in your budget; then set aside 10% of your income before taxes . Make it a budget priority and you’ll still have money left over for entertainment and restaurants and clothing.

How much money do you need to buy a home? Many buyers spend no more than $25,000 to buy their first homes. There are loan programs with low down payment requirements and many real estate agents negotiate for their Buyers a “Seller’s concession” to include the Buyer’s closing costs (which are HIGH here in New York!) in the price of the home.

• Income: Two years consistent income is the basic requirement for either a salaried individual or a self-employed person. Income from Bonus, Commission, and Overtime is treated differently and is best discussed with your Mortgage Banker.

• Market Survey: it doesn’t hurt to go out and get to know neighborhoods where you might like to buy a home. Visit open houses on Saturdays and Sundays. It’s okay that you’re not yet buying; tell the Realtor at the Open House you’re just beginning your “survey.” You’ll also get to know market prices for different kinds of homes. It’s okay to “window shop” homes on the weekend at Open Houses!

I hope these fundamentals will help you better understand the path to homeownership is a process that, with preparation and dedication, you can move through easily. And if you’re interested in getting Prequalified today to create an Action Plan for your future of Homeownership, call me anytime!

Trevor Curran
NMLS #40140

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
0 votes Thank Flag Link Tue Aug 20, 2013
Pet friendly, near schools? I have a few you can choose from. Let's see if I can find one you might like.
Call me anytime

Luke Constantino
Commercial | Residential
Direct: (212) 300-3919
0 votes Thank Flag Link Sun Jul 22, 2012
I have a 2 bedroom that can be made into a 3 bedroom in a great area that allows pets. Call me at 917-553-2142
0 votes Thank Flag Link Thu May 17, 2012
Keep in mind, the selection is limited when you have pets as most landlords unfortunately do not want them. Given the price range you are in did you ever think of buying a property? If you are qualified, all most people need to purchase is 3.5% to put down and you can finance the rest.

Either way you can call me and I will try to help you, my office is in the area. Good luck!

Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
0 votes Thank Flag Link Fri Apr 13, 2012
Yes call me at 917-682-5133 or email ill be happy to help
0 votes Thank Flag Link Fri Apr 13, 2012
Hi Help! :)

Try the local independent brokerage company - - we have quite a few listings that may fit the bill.

Enjoy your apartment hunting experience!
0 votes Thank Flag Link Fri Apr 13, 2012
Check with local realty offices or work with an agent; check local print media for by owner rentals, always verify ownership before exchanging any money; word of mouth, etc.
0 votes Thank Flag Link Fri Apr 13, 2012
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