All Forum Posts by: Giancarlo Sarmiento

Hello,

I currently live in New York and my sister has recently moved to Puerto Rico. She currently lives in Rincon and says it has become very lively with many tourists flocking to this area especially for surfing. I’m not familiar with the area but any investors in that market have any recommendations. I’m interested in maybe getting a long term rental and few houses to airbnb. I’m not familiar on whether these houses are likely to appreciate or not.

Thank you,

Giancarlo Sarmiento

Hello everyone,

I'm looking to get a local meet up/zoom meeting going. Hoping to build connections and get ideas running. Any nearby members interested in networking please feel free to reach out to me. 

Thank you, 

Giancarlo Sarmiento 

Hello,

Looking for any local engineer, contractors, architects in Queens/Long Island, NY. I'm actively looking in the market and hoping to have a team ready. Any recommendation would be greatly appreciated. 

Thank you,

Giancarlo Sarmiento

Can you bid on auction with only pre-approval?

The auction notes cash only. I’m in great standing, my broker says I’m more than qualified. The auction does have a $2500 deposit.

Hello,

I’m currently looking into get my first rental in Queens, NYC. I have been searching for a property for about two months. I’ve noticed most houses in this market don’t meet the 1% rule. I was listening to this weeks podcast on Renting by the room. I believe queens to be a similar market to Seattle in which it could be suitable for renting by the room. Is this legal in NYC? What are the legal consequence of this strategy? Is think something that is still typically just done either way?

Thank you

Hello,

I’m currently looking into get my first rental in Queens, NYC. I have been searching for a property for about two months. I’ve noticed most houses in this market don’t meet the 1% rule. I was listening to this weeks podcast on Renting by the room. I believe queens to be a similar market to Seattle in which it could be suitable for renting by the room. Is this legal in NYC? What are the legal consequence of this strategy? Is think something that is still typically just done either way?

Thank you

@Jonathan Barr

Propertyradar seems to only be with certain states. I don’t believe that covers Long Island

@Alejandro Espinosa thank you for the insight. That is an area I’m open to. I was looking in Nassau but I was advised for an architect that Nassau does not allow homes to be converted to two family. I was advised queens is quite easy to convert except for Bayside and Whitestone. I was advised zoning in R1& R2 has restrictions and will not be allowed to convert.

Thank you very much for this insight, it was very informative. I will be reaching out to you. 

Hello all,

Im looking into getting my first property within Queens/long island. I’ve found for my current situation and target market that two family homes are quite expensive. I’ve find it difficult to come across properties that cash flow well or even meet 1% rule. I’m looking into single family homes that meet ease of transition to two family for increase rental income. I’ve been informed that I should speak to an expeditor or architect to find the likelyhood of the properties I’m interested in being able to be converted.

Does any one find cons to this strategy?

P.S- Any local expeditors please reach to me.