All Forum Posts by: Andrew McNulty

@Christopher Phillips thanks again!  And I will definitely take a look into The Real Deal.

@Christopher Phillips

Thank you! By any chance do you know of any site that posts condo vs co-op values in the area for the past few decades?

Also, you mentioned in the 70's and 80's people stopped paying their mortgages.  If someone stops paying the mortgage, is the eviction process similar to that of a home?

Can anyone point me in the direction of analytics showing the appreciation of similar sized condos and coops in the New York area for the past 30-50 years?  It seems that condos have appreciated greater simply due to having a larger supply of buyers by not having the restrictions, but I would think that the exclusivity of coops would compensate by creating a superior environment for owners, making it a more desirable place to live.  I'm curious if condos have always outpaced coops or if maybe the recent disparity comes from the influx of foreign investment?

Congrats, sounds like you have a great mindset.  I would love to learn some of the details of the financing if possible?

@Will Gaston  Just out of curiosity, what kinds of issues do the parents typically try to get involved with?

It can be pretty accurate depending on the area, but I usually run a few different sites like Redfin and Realtor as well and then take an average between the 3.

Thank you @Andrew Johnson, I really appreciate the response!

@Kyle Wilkins You sound like you're a little disappointed by the $300 number.  Just out of curiosity, did you have a specific cash-flow number in mind that you were expecting?  I only ask because I am not from that area and I'm curious how well properties cash flow in Indy.  Also, is Indy seeing much appreciation?

@Andrew Johnson What would you consider to be a good balance between cash-flow and appreciation?  Is there even such a sweet spot?  Thanks in advance!

I am currently looking for a 1 bedroom 1 bathroom to lease in San Diego with the understanding that I will be listing the property on short term rental sites like Airbnb and VRBO.  Short term rentals can provide a higher return but understandably come with additional management.  For a landlord who doesn't want to take the risk of hiring a management company and simply wants a rent check every month 10-15% over market value, please PM me to discuss.