Investment Properties in New York : Questions & Answers

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Michael Suff…, Real Estate Pro in Boston, MA
Michael Suffoletto answered:
If my name is on the mortgage and not the deed, can i still be considered a first time home buyer?
From a lending standpoint you are considered a first time homebuyer if you have not owned a home within the last 3 years. If you are currently on the mortgage, and living in the home, ... more
0 votes Share Flag Thu Jul 3, 2014 Investment Properties in New York
Michael Suff…, Real Estate Pro in Boston, MA
Michael Suffoletto answered:
I would like to buy a condo for investment purposes. Can you give me any advice?
Nelson, start by connecting with a loan officer. Your loan officer will help to determine your price range depending on property type. Conventional loans will allow you to purchase si ... more
0 votes Share Flag Thu Jul 3, 2014 Investment Properties in New York
Belal Mohd 9…, Real Estate Pro in Queens, NY
Belal Mohd 917-763-2260 answered:
If you are a property owner of a multi family rental property, and you obtain a sales person/broker's license, can you collect a brokers fee?
You must disclose your ownership interest if you are collecting fee on your own property.
0 votes Share Flag Mon May 26, 2014 Investment Properties in New York
Alina Kelly, Home Buyer in New York, NY
Alina Kelly asked:
Help Me Searching A Park In Mexico? We why they got through it cane tough to get beat up but we're we die so to get it right you just watch the games dost the sweats water that's why we’re class nice weather everything…
0 votes Share Flag Wed Apr 2, 2014 Investment Properties in New York
Alex Aberle, Real Estate Pro in New York, NY
Alex Aberle answered:
Looking for a Single Family home in NYC
Hi Syed,

Queens is a great neighborhood with great investments. There are a lot of factors to consider when deciding on the best investment. I would love to help you find the perfect ... more
0 votes Share Flag Tue Mar 25, 2014 Investment Properties in New York
Julie Audain, Real Estate Pro in New York, NY
Julie Audain answered:
Hi I am a US Citizen, working outside the US, looking to buy a house in Manhattan as an investment property. Possible to get mortgage/good rates? Thx.
Hi,

I am a mortgage broker and rates are still very low. Before any quotes, I will need to know your credit history (report/w scores),employment, income. etc... I will be happy to w ... more
0 votes Share Flag Wed Mar 12, 2014 Investment Properties in 10009
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
Intrested to invest in new york
Too many factors that need consideration for an accurate answer, therefore discuss with your agent, or ask your tax professional for some guidance...
0 votes Share Flag Mon Mar 3, 2014 Investment Properties in New York
Roberts, Real Estate Pro in New York, NY
Roberts answered:
I have a client interested in residential investment properties in New York City and would like to get a leg up on new developments and restorations.
Please contact me for assistance. My name is John and I can be reached at 212-714-1027 ext 11. Thank you and good luck.
0 votes Share Flag Thu Jan 23, 2014 Investment Properties in New York
Iris Shorin, Real Estate Pro in New York, NY
Iris Shorin answered:
I am looking to rehab properties in Manhattan. I am looking to transfer my single family home rehab knowledge to multi-families. Please advise.
Firstly you need the services of an experienced broker who knows the market and the product.

One can usually begin with a good real estate search engine such as Trulia. The site off ... more
0 votes Share Flag Mon Jan 20, 2014 Investment Properties in New York
Monica K Pin…, Real Estate Pro in New York, NY
Monica K Pindle answered:
Anyone interested in Buying some investment properties?
Good Morning, John!
If have time, I'd be interested in learning about anything you may have in parts of Brooklyn-
BedStuy, Bushwick, FtGreene, ClintonHill, Williamsburg, StuyvesantHts ... more
0 votes Share Flag Mon Jan 20, 2014 Investment Properties in New York
Sanjeev Ahuja, Real Estate Pro in Floral Park, NY
Sanjeev Ahuja answered:
I sold a house in New York queens last year what is the estate tax I will have to pay this year. I heard 40% of ales price which seems crazy!
It will all be based upon your mother's overall financial situation as she was the owner of the house and most likely her primary home. As suggested by other professionals best to prese ... more
0 votes Share Flag Sat Jan 18, 2014 Investment Properties in New York
Fred Herman, Real Estate Pro in Staten Island, NY
Fred Herman answered:
Hello everyone, Does anyone know the approximate cost to building in NYC? I know the housing inventory has declined and home prices has gone up
are you referring to Manhattan when you state "NYC" as so many people do??? or one of the other 4 boroughs.
0 votes Share Flag Sun Jan 5, 2014 Investment Properties in New York
Jim, Home Buyer in 92649
Jim answered:
I am interest in purchasing a multifamiky property in the raliegh area: Hoping to imvest 500k LTV on debt would be 50% Hoping to have the
I meant 50% ltv

Never considered NY as an investment area as I understood it to be a tenant friendly state
0 votes Share Flag Sun Jan 5, 2014 Investment Properties in New York
Chris Hazlew…, Real Estate Pro in Johns Creek, GA
Chris Hazlewood answered:
Hello, Looking for real estate agents whom specialize in investment properties in New York, New York. Looking to purchase multifamily home.
We have hundreds of Realtors in our network and we would be happy to refer a professional in your area that specializes in multi family. The first step is to get pre-approved so we know ... more
0 votes Share Flag Sun Jan 5, 2014 Investment Properties in 10026
Rona Todman, Real Estate Pro in New York, NY
Rona Todman answered:
Agents/Brokers: I'm looking for an SRO or property that can be converted to an SRO, particularly (but not exclusively) in Manhattan or Brooklyn.
Good Afternoon Kate,

I have a property near West 110th Street and Morningside which may suit you. I can be reached via: Realestate020@gmail.com. We can discuss the details.
0 votes Share Flag Tue Nov 26, 2013 Investment Properties in New York
Sanjeev Ahuja, Real Estate Pro in Floral Park, NY
Sanjeev Ahuja answered:
Looking for private mortage lender for commercial building
If you are still in the market to get the loan please get in touch with me. I have several lenders that do provide un conventional financing up to 70% of the appraised value of property ... more
0 votes Share Flag Thu Nov 21, 2013 Investment Properties in New York
Javier Menes…, Real Estate Pro in Queens, NY
Javier Meneses answered:
To buy a house how to contact you?
Unless you're buying cash, your very 1st step is to meet face to face with a Loan Officer and get pre-approved. I have branch offices in Queens and available to meet with you. Feel ... more
0 votes Share Flag Thu Nov 21, 2013 Investment Properties in New York
Jennifer Fiv…, Real Estate Pro in Red Hook, NY
Jennifer Fivelsdal answered:
Is it legitimate to purchase property under construction which is in its very early stage from the developer?
Yes it is acceptable and a good time to purchase since at that stage you have the opportunity to personalize.
0 votes Share Flag Sun Oct 13, 2013 Investment Properties in New York
Ella Chavers, Real Estate Pro in New York, NY
Ella Chavers answered:
I am a Malaysian interested to buy property in NYC matthatan? How do I go about it?
Joshua, what state are you thining to of buying? the first thing you should do is speak to a lawyer who specializes in helping foreigners buy in this country. NYC is difficult but wit ... more
0 votes Share Flag Mon Aug 19, 2013 Investment Properties in New York
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
How to calculated rent to investment ratio?
Nice, detailed, comprehensive answers from Elena and Jennifer. So the answer probably is around 3%. It doesn't appear that either calculation accounted for vacancies, though. Though hop ... more
0 votes Share Flag Sun Aug 18, 2013 Investment Properties in 10022
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