All Forum Posts by: Christian Butler

Hi Dan - thanks for the connect. Figured I'd chime in here with some info I did have for others' benefit as well. There must be people out there that deal with this on LI because after Sandy, houses have been lifted all over the place. Maybe if we talk about it enough, some people will start to come through the cracks!

I had reached out on the topic years ago (August, 2016) to a contractor and got the below response. Not much help and I'm sure it's outdated pricing nowadays, but figured I'd share:

Chris,

Thank you for your inquiry. There is no typical house lifting price as every house varies in style and site conditions. That said without architectural drawing the best we can do it give you a rough price for the lift of $20-$25 per sq. ft. of your foundation footprint. That does not include cost for foundation, helical piles, demo, carpentry and utilities. Pricing for those items are based totally on your architectural drawings. Hope this was a help.

Sincerely

Carmel Szigethy

Long Island House Lifting, Inc.

Office: 631-464-4800

Hi all, 

I've encountered a few instances in my home searching where I've found houses I was interested in but they either have a lifting requirement in place as part of sale agreement, or given the history it would really be a bad idea not to lift it even if not required. In most cases, I just move on and forget about it because I figure it'd be more of a headache than it's worth, but figured I'd ask around and see if anyone has experience with this. 

Common challenges you've encountered? Is there a percentage of sale price estimate you use to budget for a house lift, and what factors are included? Would love to have a go-to analysis strategy I could use to evaluate must-lift properties.

Thanks!

Christian

Thanks Dennis! Just sent you a DM.

Hi All,

I'm a western NY native currently residing on Long Island. Eventually would like to make my way back in that direction, but thinking longer-term about what real estate investing options are available in the area. I really like the idea of a student rental, ideally in the SUNY Geneseo area since it's close to where I'm originally from and I know it better. Anyone in that area, or in Western NY in general, have wisdom about student rentals you can share? Do you generally cash flow and what kinds of monthly or per-semester rates do you see? Any regulations/restrictions around it legally I should be aware of? Other advice?

Thanks in advance!

Christian B.

Hi All,

I'm a western NY native currently residing on Long Island. Eventually would like to make my way back in that direction, but thinking longer-term about what real estate investing options are available in the area. I really like the idea of a student rental, ideally in the SUNY Geneseo area since it's close to where I'm originally from and I know it better. Anyone in that area, or in Western NY in general, have wisdom about student rentals you can share? Do you generally cash flow and what kinds of monthly or per-semester rates do you see? Any regulations/restrictions around it legally I should be aware of? Other advice?

Thanks in advance!

Christian B.

Hi All, 

Considering the option of purchasing a primary residence that has an apartment (or is big enough to make one) and using it for short-term rentals on the island. Anyone in the area have success with this method? Any major downsides? Not sure if the permit/CO process is the same for short-term rentals as well - assuming that's a hyper-local question. 

Regardless, wondering in general any information fellow Long Islanders have to share on the topic. 

Thanks!

Christian B.

Figured I'd share an update with everyone:

I spoke with a local attorney and what they suggested was to try and get proof of rent payment from the tenant for the past 6months+ in order to understand my risk a bit better. If I ended up having to carry out an eviction, NYS extended a moratorium until August 31st, so I'd be stuck with the tenant at least until then. He also shared that between legal/town/county fees I'd probably be looking at max $5000 to evict. 

Regardless, someone else came in and swept up the property, tenant and all, for just a little under asking price, so I guess I'll move on to the next opportunity - oh well!

Hi Tom - thanks for the input as well. I'll be doing some searching to see if I can find someone local who would be able to provide insight from a legal perspective. 

Hey Jon - thanks so much for the input! That was exactly my thinking. The listing agent already mentioned to me they're in the process of taking the tenant to court to get him out so they can sell, that's part of what makes me think they may be more motivated by a low-ball offer. I have definitely heard the same about NYS eviction laws but really don't know much about them. I'll do some looking around and see if I can find an attorney knowledgeable on the subject.

Hey Jorge - curious to know how this turned out for you! I'm on LI as well and my wife and I are looking at buying a property as our primary residence, but also that currently has an illegally-rented unit on the property (doesn't have a CO). I get the sense the sellers would take a low ball offer if I agreed to take on the tenant (indications are that he pays but who knows), looking for any expert feedback anyone may have on this situation. Ideally we'd like to buy it sans tenant, get a CO for the apartment and then rent it legally.