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11249 : Real Estate Advice

  • All9
  • Local Info1
  • Home Buying2
  • Home Selling2
  • Market Conditions0

Activity 2,583
Thu Nov 17, 2016
Luke Constantino answered:
Good morning Antonio,

The average price for a brownstone in Bed stuy has recently went over the million dollar mark, It very hard to find any for less. As for the return on your investment, that would depend on the amount of money you spend, to the amount being brought in, to the cap rate.

My best advice to you is to speak to a mortgage broker, raise more capital and keep your credit exceptional. The mortgage rates are starting to go up and the majority of upper Brooklyn is being outpriced to the average buyer.

I suggest looking for other venues in the Brooklyn area based on the 250K you have to work with... Give me a call anytime.


Luke Constantino
Realtor
Keller Willams Real Estate
Commercial/Residential
Direct: (212) 300-3919
lukeconstantino@gmail.com
... more
0 votes 7 answers Share Flag
Tue Apr 16, 2013
Mitchell Feldman answered:
Dear Paul:

Although I do not "specialize" in these types of things, sometimes I stumble upon good deals. If you want, send me your contact information and if I get something good I will let you know.

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
... more
0 votes 1 answer Share Flag
Sat Apr 13, 2013
Annamaria Diangelo answered:
Hi Trulia Blogger,

The best way to determine the environment of the neighborhood is to check it out for yourself. You should spend sometime at your target neighborhood exploring the neighborhood and going at different times of the day. I would especially check out the area on the weekends, because that's when people are home as well out and about.

Best of Luck,
Annamaria Diangelo
718-757-6992
... more
0 votes 2 answers Share Flag
Fri Jul 5, 2013
Mitchell Feldman answered:
If you are planning on selling the house... unless you are a contractor or someone paying wholesale prices, it will be hard for you to recoup the money you spend on improvements. The best money spent is on simple interior and exterior painting, refinishing of hardwood floors and a thorough clean out of the property. Anything obviously broken should be repaired if you can afford to fix it.

Aside from that, and assuming you are not getting bargain basement pricing on the renovations, you should only consider doing renovations if you plan on being in the house and enjoying said renovation for some time. This is one of the main values of doing a renovation, for your own enjoyment. Although it is true that any renovations theoretically would increase the value of the home... in most cases you will not recoup the expense if you sell it right away.

Having said that, I will tell you that some renovation can increase salability of the home which is worth something as well. If you want to discuss this further, please contact me direct. Good luck!

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
... more
0 votes 4 answers Share Flag
Tue Jul 16, 2013
Jennifer Weaver answered:
Hi Dan, If you are self-employed, most lenders want a two year work history at your job in your current locale. More years are even better. The lender will want to see your tax returns for at least the past two years and maybe even this current year as well as bank statements. It does require more documentation if you are self employed rather than a salaried individual, but it is possible to get a loan! I would suggest you talk to a reputable lender in your community to discuss this in more detail. ... more
0 votes 8 answers Share Flag
Thu Apr 18, 2013
Alison Hillman answered:
Hi there,

Take a look at some of the options available on Trulia: http://www.trulia.com/for_rent/Brooklyn,NY/x_map/

Ali, Community manager
0 votes 5 answers Share Flag
Tue Feb 4, 2014
Anna M Brocco answered:
Consider working with an agent; or check local print media for by owner rentals, always verify ownership before exchanging any money, word of mouth, etc.
0 votes 6 answers Share Flag
Tue Apr 16, 2013
Alison Hillman answered:
Hi there-

Take a look at some of the options available on Trulia: http://www.trulia.com/for_rent/NY/Brooklyn,5055,Canarsie/x_map/

Ali, Community manager
0 votes 1 answer Share Flag
Mon Aug 19, 2013
Luke Constantino answered:
Hello Adrienne,

Give me a call, I might be able to bring up a few more condos that are simular.

Luke Constantino
Realtor
Keller Willams Real Estate
Commercial/Residential
Direct: (212) 300-3919
lukeconstantino@gmail.com
... more
0 votes 6 answers Share Flag
Sat May 18, 2013
Anna M Brocco answered:
You can check with management for the building's financials....do you have an accepted offer...
0 votes 2 answers Share Flag
Sat May 18, 2013
Javier Meneses answered:
The best way is to ask the Realtor who is helping you search for co-ops. Co-ops do not require you to pay taxes, just monthly maintenance. The monthly insurance you'll find from an insurance agency, but it's similar to the cost of tenant insurance.

If my response was helpful, consider clicking BEST ANSWER!

Javier Meneses
Senior Loan Officer
NMLS #23130
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
jmeneses@snb.com
(516) 606-9648
... more
0 votes 6 answers Share Flag
Wed Apr 10, 2013
Alison Hillman answered:
Hi there-

You can get started on your home search here on Trulia: http://www.trulia.com/for_rent/11230_zip/

Hope this helps!

Ali, Community manager
0 votes 2 answers Share Flag
Wed Apr 10, 2013
Anna M Brocco answered:
Consult with your attorney, he/she can better advise as to options....
0 votes 5 answers Share Flag
Wed Apr 24, 2013
Alison Hillman answered:
I speak from my own experience that we are not allowed to smoke or own pets in my building, so my vote is yes!
0 votes 2 answers Share Flag
Wed Apr 10, 2013
Jacques Ambron answered:
It's imperative that you hire a good landlord/tenant lawyer to begin proceedings. If you need a recomendation, just ask.
0 votes 1 answer Share Flag
Wed Apr 10, 2013
Joseph Runfola answered:
There are no restrictions on purchasing property - as long as you are financially capable of doing so,
0 votes 6 answers Share Flag
Tue Apr 9, 2013
Edith Karoline Jasser answered:
Chris are you the owner/seller or are you a Realtor?
If you are the property seller, I would suggest you connect with an experienced Realtor familiar with your area of Canaan Vermont. And also one who is familiar with large acreage.... That Realtor will not only have the means and expertise to market the property right, but also price it right for the area and in today's market. If you would like me to forward a Realtor Recommendation to you, I gladly do so via e-mail, just get back to me....

Sincerely yours,
Edith YourRealtor4Life & Chicago and Northern Illinois Expert

Working always in the very BEST interest of her clients, Buyers, Sellers and Investors alike....
And always with a SMILE 
Covering for @Properties the city of Chicago, all N and NW suburbs, the fine homes on the
North Shore, and many of the W and SW suburbs, and with her trusted Partner Agents all of
the US and worldwide properties. Edith speaks French, German, some Spanish and other.....
@Properties ---- EdithSellsHomes@gmail.com
Check out my website at htttp://tinyurl.com/YourRealtor4Life
HAVE THE MOST WONDERFUL DAY :)
... more
0 votes 2 answers Share Flag
Tue Apr 9, 2013
Anna M Brocco answered:
Unfortunately since none of us is involved in the transaction, impossible to say what's going with your buyer and his/her mortgage, what is your agent and or attorney advising....
0 votes 3 answers Share Flag
Thu Mar 19, 2015
Luke Constantino answered:
Hello John,

Of course there are...
Give me a call and let's see what we can do for you.

Luke Constantino
Realtor
Keller Willams Real Estate
Commercial/Residential
Direct: (212) 300-3919
lukeconstantino@gmail.com
... more
0 votes 4 answers Share Flag
Mon Nov 4, 2013
Anna M Brocco answered:
Why not simply ask any construction expert the question....
0 votes 2 answers Share Flag
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