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Mill Basin : Real Estate Advice

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  • Local Info0
  • Home Buying5
  • Home Selling1
  • Market Conditions0

Activity 11
Sat Jul 18, 2015
Abe Joseph answered:
I can help you get a home
for what you pay in rent you might be able to buy as well
I can answer all your questions
you can call me
Abe 347-327-3515
Nord east realty group
0 votes 2 answers Share Flag
Thu Jun 26, 2014
Shannon Morrow answered:
Hi Georges,

I purchased a three family in Bushwick about a year ago and the bank included a portion of the rental income when calculating how much mortgage I qualified for. So if you're looking for a multifamily make sure you mention the rental income to the loan officer you choose to move forward with.

Best of luck!
... more
0 votes 10 answers Share Flag
Tue Aug 20, 2013
answered:
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 Landlordâ€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
www.tcurranmortgage.com

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
... more
1 vote 3 answers Share Flag
Tue Aug 20, 2013
answered:
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 Landlordâ€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
www.tcurranmortgage.com

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
... more
0 votes 3 answers Share Flag
Wed Jun 12, 2013
Alison Hillman answered:
Take a look at local listings here on Trulia: http://www.trulia.com/for_rent/NY/Brooklyn,5175,Mill_Basin/

Ali, Community Manager
0 votes 1 answer Share Flag
Wed May 30, 2012
Grace Hanamoto answered:
Matthew,

Unfortunately, while it's pretty easy for many of us in the real estate business to give you a local "gross cost" per square foot for increasing the size of a home with and without plumbing, it's a lot harder to discuss atypical modifications such as changing the roof and the area under the roof in a home. Depending on the age of your home and the type of construction in the attic area, it can range from "sorta" expensive to a cost that may not be worth the effort. Everything hinges on the type of structure under the roof--are there rafters or trusses up there?

Your best means to determining costs for your home is to consult with a qualified architect, structural engineer and contractor in your area. Based on the type of home you own, and you particular desires for modifying the roof, these professionals will provide you with the most accurate costs and estimates to do the work you're proposing.

Good luck!

Sincerely,
Grace Morioka, SRES
Area Pro Realty
... more
0 votes 2 answers Share Flag
Sun May 13, 2012
Angela Nelson answered:
Hi Kim there are some home owners who will allow rent to own, there is also right of first refusal, meaning, if the Landlord sells, you would be given the first option to buy. Give me a call, and let me know the specifics of what you're looking for and i will definately help you out.718.791.5427 or email me at
Angelan@nestseekers.com
... more
0 votes 2 answers Share Flag
Wed Oct 13, 2010
Corey Wasserman answered:
Luba,
Hi, Perhaps we can find you a house that is already being used as a mixed use. Feel free to contact me and I will get you going in the right direction.

Thank you
Corey Wasserman, Associate Broker
Bergen Basin Realty
Corey@BergenBasin.com
... more
0 votes 7 answers Share Flag
Sat Mar 27, 2010
Marc Ferland answered:
http://www.transcanadarentals.com/submit/

Rent your apartment with TransCanada Rentals.
0 votes 10 answers Share Flag
Wed Nov 4, 2009
Helen answered:
YES YOU MAY BRING IN AN AGENT AS A BUYER IF YOU AGREE WITH THE ASKING PRICE AMOUNT
YOU MAY HIRE A BUYERS AGENT TO REPRESENT YOU.AND TO SUBMIT YOUR OFFER. GENERALLY THE SELLER IS THE ONE TO RECEIVE AN OFFER

I AM AN AGENT, MY CONTACT # IS 646-257-7363 MY NAME IS HELEN GOLY
I WILL ASSIST YOU SHOULD YOU DECIDE TO MAKE A PURCHASE,,, PLEASE FEEL FREE TO CONTACT ME
... more
0 votes 7 answers Share Flag
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