All Forum Posts by: Dennis Kelly

I'm looking for some extra cash and I came across cash out refinancing . I currently own a co op in Long Beach NY and my mortgage is for $150k at 4.75% and it was recently appraised for $210k after some renovations . This is where I stand and I wanted to figure out my options . How much cash can I get out of this deal and if possible can I get a mortgage for even more than what it's worth to put more cash in my pocket ? Or is it generally just 80% of the arv , and do different rules apply to a cooperative ? Any suggestions , tips , comments greatly appreciated .

Good to know , what type of things may be done differently ? @John Oitice 

I live in a condo in Long Beach NY , I work in the city and moving up North to settle down plus Long Island traffic and commuting is crazy ! Anyone from an hour and a half north of Manhattan actively investing or just any general thoughts on the area ?

well my problem isn't the stinky shoe , its a stinky closet lol . I frankly don't care how much shoes smell when they you can't smell them when wearing them but i don't want my closet to smell of it so is cedar will do the trick thats my option right now . @Marcia Maynard 

Im looking for recommendations for a non ventalated small closet for sportswear/ equipment/ sneakers/ tools . I've heard to line the closet with cedar planks to get rid of the smell , anything other ideas ?

Hey just curious if anyone from Long Island out here knows of any REI meet ups going on or anyone interested . Besides the LIREIA because there only Tuesday nights which i have school .

Thanks @Trevor Ewen  and @John Geldert 

Thanks you're right about school districts @Les Jean-Pierre 

What's up @Adrian Chu I built my team from word of mouth referels and passed networking experiences with with my brother and some people that he is friendly with . As for would I be able to afford the mortgage and insurance for the time being or considering if I had to hold for a bit , I would have to take that in consideration yes but I wouldn't like to I would drop the price . 

Hi my names Dennis , I recently bought my first condo in Long Beach New York . I renovated the entire unit with a team I got together and I currently occupy the property . I enjoyed the process and happy with the way it came out and looking to get more into rehabbing and flipping on Long Island to get my feet wet because I can't travel much due to my occupation nor do I want to get into property management just yet . I know it's expensive and the taxes are higher but if I only plan on flipping for now does it really matter since I'll be trying to get rid of it asap anyway ? I'd like to hear some peoples general opinions about Long Island and the real estate business . Thanks !

Hi my names Dennis , I recently bought my first condo in Long Beach New York . I renovated the entire unit with a team I got together and I currently occupy the property . I enjoyed the process and happy with the way it came out and looking to get more into rehabbing and flipping on Long Island to get my feet wet because I can't travel much due to my occupation nor do I want to get into property management just yet . I know it's expensive and the taxes are higher but if I only plan on flipping for now does it really matter since I'll be trying to get rid of it asap anyway ? I'd like to hear some peoples general opinions about Long Island and the real estate business . Thanks !