All Forum Posts by: Joseph Pugliese

I believe from new information from NAR we might be seeking leveling off of increasing prices , or better said pressure on pricing increasing ...

What are your thought...

Great idea 💡, there is lot of neighborhoods/ areas that are coming up ... just have to keep in mind the island appreciation 10% on average for the last 2 to 3 years. Some area 15-18 percent. With low rates of market inventory . Personally I believe Staten Island has more growth.... My thoughts 💭 on real estate markets.

What parts of NYC are you looking to invest in? I find it hard to find deals it seems more and more in nyc . I read and here about most people on the bigger pockets invest in the middle or south of the country with great cap returns . 

Looking at numbers it seems like we working off appreciation... 

Just my thoughts ...

Hi I can tell you this , in the state of New York it is illegal to receive money as a agent , without being licensed by the state .

Meti Kay what brokerage do you work with or for ? Ml

@Andrew Johnson I totally agree with you ,  I purchased properties with no cash flow but great appreciation, in NYC cape rate are low and seem to be getting lower lol. 

Believe you really want want on investment properties that have a few doors  and not just one , if that one person is not paying,  your investment is losing 100 percent, oppose to 2-4 doors, minimizing your loss. 

Also I believe now FHA is down too 3 percent .

@Peter K. Good rule to keep in mind , if your tentant is paying , you should be able to cover the Full operating costs, if not you're playing with scared money. 

my 2 cents ...

I would try to do any common area fixing first, then go for the increase , just keep in mind you might lose some people,  if so ,you are ok till you find new tenants? 

I find that doing a lot of small increase tents to bother Tentant , might not increase the rents so often .

On the the side I feel  rising the rent by $300-400 it might be to much of increase and you find yourself with some very unhappy people trying to make your life hard- believe me tentant at lease in NYC have lot of power . 

Its also a partnership, you need their rent and they need your living space ....

Real estate owned or REO is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction.

its really bank or asset management company owned . 

@Andrew Stephens, please keep me out any political drama, I know people that work there and they should only talk about how they treat there lower  wage employees 

With that said , I would personally like cash-flowing income .  Appreciation is a wonderful thing but you're not always guaranteed with the appreciation nor are you guaranteed with the income on a monthly basis it's just what you choose and it's a matter of your risk tolerance . 

I have been on both sides and thankfully with time and few bumps on both sides of the road it turned out to be pretty fine . 

Just my 2 cents 💁♂️

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