All Forum Posts by: Christine Wong

Hello Robert Lilly, welcome to real estate investing! What type of multifamily investing are u looking for? 2-family? 3-family? Also, in what areas? NYC (Manhattan + boroughs) really is its own beast where the competition is MUCH higher, but so are the rewards 😄. There are so many different ways to enter this realm nowadays. Brandon Turner wrote a great read that actually details the different strategies for doing real estate investments with little to no money down. That's a very good intro to the options that await. See u 'round BP. Feel free to reach out if you ever have questions.

Best of luck, @Garrett Diegel!  

Noted - thank you for getting back to me.  Best of luck in completing this search.  

Which bank is the home foreclosed with?  Our agent has some really good contacts she could probably recommend to help you navigate.

Hello Sheree Fullwood how did u come across this foreclosure? Admittedly, I don't have a response to the question you posed, but I am definitely interested in new ways to find foreclosures/short sales always.

Hey Elise Chen we're currently buying in Brooklyn as well from a sponsor (Dyker Heights/Bath Beach border). I don't recall out lawyer pushing to get this particular condition into the contract. Similar to what others have said, it doesn't hurt to get a second opinion, but I recommend consulting another real estate attorney instead 😄. Our attorney is Jeff Ehrlich (he has a Court St office), and we loved how he navigated us through BS versus the norm. Best of luck! Can't wait to hear the success story out of this one.

Hey guys - check out Green Apple Home Inspections. I came across them on Yelp, and they recently did a home inspection for a home we are in the process of purchasing, and we loved how thorough they were. The post-inspection report was very detailed, and they pointed out their concerns with photos for reference as well. The quote they provide depends on the size of your home, but they respond very quickly. They will confirm the appointment and perform follow-ups as discussed very promptly.

@Frank M.First, I am very sorry for the death that happened in the family.  My sincere condolences.  You're a good man for stepping up for your family in their time of need.

Bensonhurst is an area I'm very familiar with (I live right next to it), and we have been in the market for property in this neighborhood.  I know quite a few investors/builders who can make quick offers if they feel this is the right investment fit.  Can you private-message me the address for a drive-by?  I can also share with you my contact information.

Hey @Daniel Cohen, welcome to BP!  In terms of growing your investment portfolio, what types of properties are you looking for?  Purchasing in NYC is its own beast.  My family and I have been looking to purchase a co-op/condo since August 2015, and the market is incredibly intense: low inventory, high competition from all-cash buyers.  

Do you have experience selling in Brklyn?  If yes, let's connect!

@Maurice Glanville

I think it is very dependent on how bad the damage was.  If you're serious about it, schedule some time with a realtor to view the property, and have a contractor do a walkthrough alongside you.  At the conclusion, go through the repairs needed to make it liveable/ideal.  Some folks may even offer free consultations.  Once you receive one estimate, you can shop around to other contractors to ask 'em what they would charge.   

This particular article may provide more insightful information as well.  https://www.biggerpockets.com/forums/67/topics/178553-fire-damage-flip---things-to-know

Best of luck!

I'm very curious to see how this forecast plays out in the next quarter, particularly for Brooklyn. We have been actively searching to purchase a co-op since last August (which is most within financial comfort), and the combination of outrageous prices + fierce competition has dragged this process on for over half a year. Perhaps this crash - or dip, dip sounds nicer - will be that window of opportunity for us buyers to swoop on in. ✌️