What are you in the market for?? Meaning private home/ condo/ co-op?? Have you spoken with a mortgage banker/broker?
Please advise, I'd be happy to be of assistance to you.
CEO & SR Credit Repair Specialist
Everlasting Credit Repair... more
call the local town hall and ask for building/zoning department.....you might try googling that, too , just to get started
clearly, to be a "legal" rental space, it would have to have egress (a way out) to the outside in case of an emergency......but there's no need for anyone to guess..make those calls and find out for sure!
best wishes............. more
Typically, short sales, REOs, and foreclosures are sold as-is. What is usually the case is that the bank can lower the asking price to compensate for the repairs that need to be made (this depends on how flexible the investor for the note is). As far as a temporary CO, consult with your mortgage rep and Realtor about what the laws dictate in NY.
Remember, dealing with bank owned properties isn't like dealing with a run of the mill seller. There is a lot of gain but also a lot of risk when going the REO route.
Mr. Sold Realty Group
I don't think this question is answerable. What I can do is provide you with the current rehab property Market Inventory list. Each property is different with different issues and different repair and expence requirements, and the prices are in great part reflective of that.
CDPE (Certified Distressed Property Expert)
SFR (Short-Sale Specialist Certified)
CHBA (Certified Home Buyer Adviser from NAEA)
CSBA (Certified Home Seller Adviser from NAEA)
NAEA Member (National Association of Expert Advisers)
Residential Real Estate Expert Adviser
Lic. Realtor Associate
EXIT On The Hudson Realty
(888) 462-6573 / (888) HOB-NJRE
FAX (888) 462-6573
From a simple Google search I came up with ranges from $400 - $1000 a month depending on unit and number of bedrooms. Only thing is it seems that it was a co-op conversion so the higher end might be from when the unit was co-op possibly. Best of luck!... more
When it comes to a purchase, you can pay anyway you'd like, as long as the seller agrees. There are no laws I know of that govern how a property must be paid. Just ask the seller about the your proposal. You will probably need to offer private money interest rates of 10-12% on that $30K though.... more
You'll need to provide more information... If you're a veteran you could buy with no down, if you can get a FHA loan, you could buy only putting down 5,250, if you're buying an investment property you'll been a lot more etc... more
The FHA only requires a 3.5% down payment, so on a $150 home that would be $4500. So, as long as there are homes available for sale in your price range, you should be fine. You should get pre-approved through a local mortgage lender to be sure you meet all other requirements. I can introduce you to someone who is excellent if you like. Just email me at email@example.com and I will put you in touch.
Good Luck!... more
The only restrictions I can think of that you may find when searching for an investment is a homeowners association which restricts the leasing of their property. This information can be found by calling the HOA in question.
You also may be interested in an article I wrote on researching a homeowners association. you can find that article by following the link below.... more
Hudson Harbor is a hi-rise located right off River Road in Edgewater. Like most luxury hi-rises, they have 24 hr concierge, outdoor pool and a tennis court, laundry facility is on the 2nd floor.
Some have river/NY views and is right next to the River Walkway, Veterans park, and the Edgewater community center and is within walking distance to shops, restaurants, and Wholefoods~
Currently, their studios are on the market starting at $199,000, one bedrooms at $292,000 and 2 bedrooms at $369,999.
Their monthly maintenance tends to be high since all utilities are included in the maintenance.
Let me know if you have any other questions or if you'd like me to email you the available listings there~
Broker-Associate, ePro, GRI
The fees are on the high side because the underlying coop mortgage is still very high. For the 1 bedrooms the charge is about $800 - $1000, The few 2 bedrooms (there is only one on each floor) can cost $1200 per month. Don't forget that should include property taxes that are notoriously high in that area. I used to own and rent at Woodcliff Gardens in 2 different appartments.