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All Forum Posts by: John Vesky

John Vesky has started 1 posts and replied 8 times.

Post: Bronx NY Multifamily Investors

John VeskyPosted
  • Residential Real Estate Broker
  • New York City, NY
  • Posts 9
  • Votes 2

if you need someone to find you good tenants for you to accept or deny for any reason I have been doing that for Landlords and Management co. mostly in Westchester and the Bronx for 20 Years . applicant pays all fees.   An owner of two Buildings in New Rochelle and 1 in Yonkers I worked for sold the buildings so I am looking for new Vacancies . 

Post: Your thoughts when 1 applicant has great credit but the other....

John VeskyPosted
  • Residential Real Estate Broker
  • New York City, NY
  • Posts 9
  • Votes 2

@Kyle J. You don’t put too much emphasis on credit scores? I’m very curious to know why? Is it because it’s a D class property and finding good credit is difficult?

I understand giving applicants a break on the student loans and If I were renting and personally interviewing the applicants some consideration for exceptional applicants , but i’m curious to why you don’t put too much weight on credit in general.

Post: Wholesale + Flips in New York

John VeskyPosted
  • Residential Real Estate Broker
  • New York City, NY
  • Posts 9
  • Votes 2

Every so often i think we are done. No more wholesaling deals or other creative financing . Then I get into a conversation with an “Experienced Real Estate Attorney” and he has stuff to say like , you need lots of money to do a wholesale deal, or flipping requires a ton of money. I explained to him that you need a percentage that you get back at closing and Hes telling me it’s a headache. If he’s skeptical then I am not too late

Post: Looking to invest in allentown pa!

John VeskyPosted
  • Residential Real Estate Broker
  • New York City, NY
  • Posts 9
  • Votes 2

@Pedro Bartolomei i thought about doing the same, but divided on driving an hour out in long island instead , just to reduce committing . CT Bridgeport runs parallel to Long island so i’m exploring those areas as well. Not sure how far into PA I woukd have to go but it seems like much further to get a deal going.

Post: Hard money lenders for investment property

John VeskyPosted
  • Residential Real Estate Broker
  • New York City, NY
  • Posts 9
  • Votes 2

@Stone Saathoff i could use a Hard Money Lender in Long Island NY. If You can refer someone to me for a flip. Thanks.

Post: NY Bill Would CANCEL Rent for 90 Days, Not Postpone.

John VeskyPosted
  • Residential Real Estate Broker
  • New York City, NY
  • Posts 9
  • Votes 2

@Tony T. That’s assuming they qualify for unemployment. I know of employers that have reduced the hours of their employees drastically. They don’t want to lose the employees so instead of letting them go and letting them collect on their employment insurance, they reduce their hours. This puts the employee in a bind. They want and need their jobs after things get better, but because they still have jobs they do not qualify to get unemployment. This one person is fee for service. Her income is dependent on the amount of clients she evaluates weekly. Employer pays her medical insurance if she meets a minimum amount of clients a week. They are not holding her to the minimum since there is less work now , but her income is reduced drastically because of the amount of clients she meets now .

Not sure how this situation applies to ride share workers but another example is when a family has two incomes and one of the incomes is below the income tax requirement. Some work part time in bars and get paid mostly cash. Will they qualify for unemployment? Then of course there are people like Nannies, Baby sitters etc that are not on the books and contribute to family income. Even if they were qualified as far as income when they rented the apartment, many of them live beyond their means , including landlords, not expecting something like this to happen. There are a bunch of other scenarios that apply to both sides as with homeowners in foreclosure who depend on the rent from the multi family they live in , until the auction is scheduled

or Bankruptcy is resolved. I know people in that situation also. The government should convert tenants to section 8 and perhaps scale back on the unemployment. Give them options.

Post: Marketing

John VeskyPosted
  • Residential Real Estate Broker
  • New York City, NY
  • Posts 9
  • Votes 2

@Justin Bellero Justin, i live in ny where it’s not landlord friendly. I hear CT is the same. Where is a good place to do subject to deals as close as possible to NY? I hear Philly is good but not sure if i should do my 1st deals that far away. Thanks if you have any information on this.

Post: Looking for New York Licensed Brokers/Investors

John VeskyPosted
  • Residential Real Estate Broker
  • New York City, NY
  • Posts 9
  • Votes 2

I’m a NYC Real Estate Broker