All Forum Posts by: Barry Herbst

Hi Philip,

It's great that you're excited. Whenever you do a deal, however, think logically and not emotionally. :)

Best,

Barry

 Welcome Aloma!

Hi Adrian,

I'm a NYC-based licensed real estate broker and investor. Hope to pass some business back and forth!

Best,

Barry

 Hi Kenneth,

If you can swallow the losses and see upside so that you'd make a boatload when you sell in X number of years, then go for it. Maybe speak with an agent who specializes in that area?

Best,

Barry

Hi Oswald,

Congrats on getting your license. I'm also an agent in New York City. It's a fun business, very competitive... and the juice is worth the squeeze. Happy to answer any questions!

Best,

Barry

Hi All- please see below. My firm, Brown Harris Stevens is a luxury brand headquartered in Manhattan. We also have offices in the Hamptons and Miami. My firm might be affiliated with your company in your state or country- we have thousands of affiliates nation and worldwide. Please email me or message me here for networking opportunities, passing along referrals, and making one another money :D

Hi, my name is Barry Herbst. I am a proud third generation real estate professional, home owner, and Licensed Associate Real Estate Broker, Certified Buyer Representative (CBR) and Certified Negotiation Expert (CNE) with Brown Harris Stevens, the luxury real estate brand and sole affiliate of Christie's International Real Estate, based out of Manhattan, New York. I work primarily with investors, buyers and sellers in all residential pursuits, including condominiums, cooperatives, townhouses, brownstones, and new development. I specialize in all facets of the market and I'm here to lend my guidance, counsel and advice on all matters related to investing, selling or buying.

I represent many domestic and international investors, from New York to California, from Columbia to Brazil to Israel to Hong Kong, as well as the first-time or seasoned buyer or seller. I love adding value to all of my clients, and they appreciate my dedication and tenacity to help achieve their goals.

I speak numerous languages (English, Spanish, Portuguese), love meeting people, traveling the world, and helping others be the best they can be!

Experience

I'm a Licensed Associate Real Estate Broker, CNE, CBR and condominium homeowner in Manhattan.

Real Estate Goals

I want to build a portfolio of single family homes and condominium properties in Manhattan or the surrounding boroughs. I also want to help everyone with my insight and guidance on the market, trends, and advice on investing in real estate. I'm the proud owner of a two bedroom condominium in the Financial District in Manhattan (that has increased in value by 15% in 10 months)- my first property of hopefully many.

Currently Seeking

I'm looking to connect with investors, sellers and buyers of property in NYC and beyond.

Contact

• New York City, New York
• 212-588-5673
• [email protected]
• http://www.bhsusa.com/real-estate-agent/barry-herbst

 I agree with John that your tenants should cover your expenses. Buy a multi-family property that:

-has strong potential for upside for re-sale down the road AND

-low taxes/HOA

I recommend working with a broker who specializes in this field in your city. 

Best of luck.

Best,

Barry

Hi Tyler,

I recommend hiring a real estate agent to represent you in the purchase of the property and to find you a suitable, responsible and qualified tenant. Leave it to the experts to explain the pluses and minuses of each property, as well as with each prospective tenant. Ask the agent to explain the nuances of everything, as this is the best way to learn. Watch the professional and soon enough you will know the ins and outs, too. Best of luck!

Best,

Barry

Hi Chris,

It's important to have a relationship with a broker in that state. For example, I'm working with Asian clients, cash buyers, who are buying a condo with me in Manhattan site-unseen, which will cost in the low seven figures. I am their eyes and ears and they trust me implicitly to identify a strong property that they will love. The property will be their pied-e-terre in about four years, and will be rented out until then. It's crucial you work with someone who you trust and who has your best interests at heart. My firm, Brown Harris Stevens, has relationships with our affiliates of thousands of brokerages throughout the Continental US and the world- I'd be happy to make introductions for you, if you like.

I hope this helps.

Best,

Barry

Hi Jason,

Always take a security deposit. This is your form of defense/insurance in case the tenant damages your property, doesn't pay rent, doesn't move out, etc etc. If you discover in the screening process that the prospective tenant has poor credit, you should take extra security and have them pre-pay additional rent. Hopefully this helps.

Best,

Barry