Rent vs Buy in New York : Questions & Answers

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Whorwalkeem1…, Home Buyer in New York, NY
Whorwalkeem1929 answered:
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0 votes Share Flag Mon Apr 20, 2015 Rent vs Buy in New York
fionashik, Home Buyer in New York, NY
fionashik asked:
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0 votes Share Flag Mon Mar 30, 2015 Rent vs Buy in New York
Robin Silver…, Real Estate Pro in Garden City, NY
Robin Silverberg answered:
Is it worth it?
If the sellers have been marketing the property for a while, they might feel that they will get buyers when offering rent-to-own than they would get otherwise. There are still many pock ... more
0 votes Share Flag Thu Mar 20, 2014 Rent vs Buy in New York
Michelle Wei…, Real Estate Pro in New York, NY
Michelle Weissman answered:
Moving to NYC from CT within the next 6-10 months. Two bedrooms at least in a good school district. Help me!
Try the school digger website to find a school for your child
Then check on those areas
I myself grew up in Great Neck LI and they have excellent schools
and the express train gets ... more
0 votes Share Flag Wed Jan 1, 2014 Rent vs Buy in New York
Roberts, Real Estate Pro in New York, NY
Roberts answered:
I spend almost $5000 per month on rental in Flatiron. What could I get for that in a mortgage payment. I can put down 20%?
Please contact me to discuss your options. My name is Priyta and I can be reached at 917-499-6500. Thank you and good luck.
0 votes Share Flag Tue Dec 31, 2013 Rent vs Buy in New York
Chris gray, Real Estate Pro in Orlando, FL
Chris gray answered:
I'm an NYC condo owner renting out my apt. and buildling has denied me access over my Tenant - is this
Did you ever find out an answer from a lawyer. I'm going through the same problem here in florida. Thanks!
0 votes Share Flag Thu Nov 14, 2013 Rent vs Buy in New York
Michele Port…, Real Estate Pro in New York, NY
Michele Portnof answered:
Can I rent to own a condo in new York city?
Jessica,
Rent to own is not a common practice in Manhattan. In the current real estate market there is little inventory and this type of sale would not benefit most sellers. I have ... more
0 votes Share Flag Mon May 27, 2013 Rent vs Buy in New York
Michele Port…, Real Estate Pro in New York, NY
Michele Portnof answered:
WHAT AREAS ARE THE BEST PLACES TO INVEST IN NYC AT THIS TIME? 1 BR/1 BA WHAT WILL BE MY POSITIVE CASH FLOW IF ANY?
If you are looking for investment only in New York City, you need to be looking at condos.Most co ops have a limit on how long owners c\are allowed to rent their apartment. Each buildin ... more
0 votes Share Flag Mon May 27, 2013 Rent vs Buy in New York
Michele Port…, Real Estate Pro in New York, NY
Michele Portnof answered:
Does anyone have any sound advice as to whether renting or buying in Harlem would be best? I make about 60K a year and have 20K in savings.
Simone,
Have you considered purchasing in an HDFC building? With your income, this could be a definite possibility for you. I have experience working with purchasers and sellers in thi ... more
0 votes Share Flag Mon May 27, 2013 Rent vs Buy in New York
Mddoc27, Home Buyer in Danville, VA
Mddoc27 answered:
If I were to buy and rent a condo would that be a good idea in NYC i Will this be a good time?
THANKS FOR ALL THE ANSWERS, WAS WONDERING WHAT AREAS ARE THE BEST PLACES TO INVEST IN NYC..BASICALLY LOOKING FOR A CONDO AND PLANNING TO RENT IT
1 BR/1 BA
WHAT WILL BE MY POSITIVE CAS ... more
0 votes Share Flag Fri Mar 8, 2013 Rent vs Buy in New York
Elena Ravich…, Real Estate Pro in 10019
Elena Ravich Manhattan Expert answered:
is there a maintenance fee each month when you own a coop?
the difference in monthly expenses is the RE Tax : in a condo apartment you pay your own RE Tax for the apartment plus common charges and in a coop apartment you only pay maintenance f ... more
0 votes Share Flag Wed Feb 20, 2013 Rent vs Buy in Upper East Side
Joseph C. Ha…, Real Estate Pro in New York, NY
Joseph C. Hastings answered:
I want to invite a real estate agent and a lawyer to our next tenant association meeting because we want to discuss the possibility of converting our
Hi Harris. Does your building have an Attorney and Real Estate agent living there? If so, inviting them should be easy. Of course, it would be a non-evict conversion. Someone did mentio ... more
1 vote Share Flag Thu Jan 31, 2013 Rent vs Buy in New York
Roberts, Real Estate Pro in New York, NY
Roberts answered:
My husband & I currently looking to rent w' option to buy condo/townhouse in lower Westchester by this Aug, this type lease it common or
Please contact me. My name is Clyde and I can be reached at 917-843-6947. Thank you and good luck.
0 votes Share Flag Mon Apr 23, 2012 Rent vs Buy in New York
Mitchell Hall, Real Estate Pro in New York, NY
Mitchell Hall answered:
Are down payments for co-ops negotiable?
Hi Kim,

A buyer negotiates with the seller usually through their broker and a listing broker. A buyer does not negotiate with a coop board. Any negotiating with a coop board would ha ... more
0 votes Share Flag Fri Mar 30, 2012 Rent vs Buy in New York
JOSEPH RUNFO…, Real Estate Pro in Staten Island, NY
JOSEPH RUNFOLA JR, BROKER, GRI answered:
Whether to buy or rent in NYC
Hello Ayn, here is an excellent article from the Wall St. Journal which I believe will help answer your question;
http://online.wsj.com/article/SB1000142405297020376480457706050269407 ... more
0 votes Share Flag Sat Dec 3, 2011 Rent vs Buy in New York
Peter Howard, Real Estate Pro in New York, NY
Peter Howard answered:
I have around 50k savings -135k income and sick of renting - I want to buy - Does anyone know any good options for me?
Dear Kymay,

I hope you are well. FHA approved houses and condominiums can get as much as 96.5% financing. Houses and condominiums, generally can get 90% financing. If you wish to see ... more
0 votes Share Flag Wed Oct 26, 2011 Rent vs Buy in New York
Alen Moshkov…, Real Estate Pro in 10022
Alen Moshkovich answered:
Considering buy vs rent - single, $100K savings but $44K salary, studio in Manhattan
Caterina,

I was recently working with a first time home buyer, and we looked all over Manhattan. I took him to several UWS studios. We were looking for approx 400sf or larger, up t ... more
1 vote Share Flag Wed Sep 30, 2009 Rent vs Buy in Upper West Side
Ralph Windsc…, Real Estate Pro in Hauppauge, NY
Ralph Windschuh answered:
I am debating whether to continue to rent or start the process of buy a coop or condo in Manhattan, NYC. Is?
Probably the most important question really is how long will you stay at this property. Purchasing versus renting is almost always the best option but if you're not going to stay ... more
0 votes Share Flag Mon Jul 20, 2009 Rent vs Buy in New York
Voices Member,  in
Voices Member answered:
I would like to buy a little condo as an investiment...I don't live in the USA but I know there are great
I guess we can shut down the Q & A, Fajardo is handling the rest of the questions. Call him directly.....
0 votes Share Flag Mon Mar 23, 2009 Rent vs Buy in New York
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