All Forum Posts by: Dennis Kelly

I have these holes and cracks around my foundation, the cracks are thin but let in water from the outside and the hole where the gas line enters the home also lets in air and water. I was thinking some 

type of silicone caulk for the cracks but what would be best for hole? A silicone caulk, some type of expandable spray foam, or mortar? Also, if I were to fill a hole where electrical wires run though would I need some type of fire proof caulk?

Market value for it is about $400,000.

So it’s either sell and lose $40,000 or rent and earn 1.5% on my investment.

Don’t think I could stomach to lose that so I may just hold on as rents will increase over time.

After I refinance I would be into it for $160,000. My mortgage would be $280,000 and it would cash flow about $200 per month.

I guess my concerns are just the bones of the house holding up long term but when I tore everything apart they seemed in good enough shape to keep in place even though they’re from the 50s.

I have this property built in the 1950s that I completely remodeled. Everything is new besides the foundation and framing. I'm concerned the ARV is lower than I planned for with the Coronavirus happening. I could potentially be over my ARV. My plan is to list the property and try and get my money back but if not I was wondering opinions on holding onto a home from the 50s as a long term investment. It is a 3 bedroom, 2 bathroom $400,000 home in Ronkonkoma, NY with taxes of $6,600 that will rent for about $2,600 per month. The home will be completed this month.

Gotch ya, so if I hire an agent nothing will go through my current brokers office correct? Everything will go through whoever I hire just as if I didn’t have a license and hired an agent.

Thank you for your response, if I currently have a real estate salespersons license under a brokerage can I use another agent to buy my property and do everything through them?

If I currently had a real estate salespersons license and was looking for a primary residence am I legally allowed to present a personal offer to the seller? So I don't need to go through my broker and I understand I would not collect a commission and I would be buying from a FSBO so instead of paying real estate commissions I could potentially add to my offer. Is this legally allowed? It sounds fishy like I am going behind my brokers back but can I pick and choose which deals I want to use my license for and what deals I want to bypass my license and just present a personal offer as if I wasn't an agent and didn't hire one?

Thanks,

If someone were to convert a 2 bedroom condominium to a 3 bedroom, would the property taxes or maintenance fees increase?

Hi this is my first time renewing my salesperson license. I’m currently not under a broker, do I need to hang my license somewhere to renew my license? Any recommendations of courses to do so would be a great help also, I found a few online. I live in the Long Beach Long Island New York area.

I live in NY and going to need to get my license renewed for the first time but I'm not working under a broker, will there be a problem renewing once I complete the continuing ed classes?