All Forum Posts by: Alex Shpylko

Hey guys, 

I'm currently scouring Zillow, Streeteasy, etc. just as a "dry run" of searching for a property in the Brooklyn/Queens area. Given there's a foreclosure moratorium in place right now and interest rates are scraping zero, the property values are heavily inflated. I was looking for a live-in rental that I could work on fixing up as I live there as I'm fairly good at home repair. Unfortunately the stuff that went for high 300s and low 400s is now like 500-600K which is nuts, not to mention the cost of materials on top of that. 
My question is: how long do you think the market will remain in the current condition, and when might we see the prices begin to reflect the "true" market value of the homes with the foreclosures on the market as well? 

Thank you, 

Alex 

Lots of great advice here, thank you, everyone. Does anyone have input on how strict zoning is in brooklyn/queens regarding ADAs? I have yet to see anyone convert a garage into a standalone inhabitable structure, but that would honestly be a very interesting idea to play around with! 

Hey, guys. First post here. I’m currently working in Manhattan in the financial industry, paying a ton for rent (1.7K). I’m looking to move to Brooklyn in about a year when my lease is up and buy a live-in rental and rent out spare rooms or spare units if I’m fortunate enough to find a good deal for a multifamily. I'm fairly handy, worked a tiny bit in construction, so any non - structural work I'm able to do on my own, so rehabbing a unit while I live in it is doable (and fun) for me. 

I’m currently looking to explore the market on a more personal level and I’m considering becoming a part-time RE agent (a leasing agent most likely, but nonetheless) to get more hands-on and see the market for myself. Do you have any advice for me? Anything helps, I’m all ears as I’m entirely new and have yet to purchase my first property. Additionally, do you have any recs for brokers to partner with as an agent potentially?

Sounds like a great idea, count me in!