All Forum Posts by: Mary Ann

Thanks Alex but this is a cash offer no lending, no banks.  And the closing time is already 10 days.  Cant get any shorter.  Is it ok to ask cash buyer for extra monies like moving costs, etc? 

I have a house in Brooklyn. The family is selling it, but the cash offers are low. It is valued around 700K, but the cash we are getting is around 500s. How can we sweeten the deal? Are there any contingencies or other "sweeteners" we can ask for in cash to help family move, or make up for the low offers. They don't need to be at 700k, but they need to be in the 600s so fam can walk away with something, or get something else to make up for the deficit. Any info is appreciated! 

I have a house in Brooklyn.  The family is selling it, but the cash offers are low.  It is valued around 700K, but the cash we are getting is around 500s.  How can we sweeten the deal?  Are there any contingencies or other "sweeteners" we can ask for in cash to help family move, or make up for the low offers.  They don't need to be at 700k, but they need to be in the 600s so fam can walk away with something, or get something else to make up for the deficit.  Any info is appreciated!  

I lived in what it (PLG) used to be called Flatbush for over 20 years.  They changed the name to PLG some years ago, but it is over.  PLG is maxed out to only investors who can afford the million plus properties.  There are apartments going for 4K, and that is a sign that it is reached its max.  No deals there unless you can get one off the probate list.  I have exclusives in East Flatbush, you may find something there, again off a list, or door to door.  The next neighborhood, slow to come, is East New York.  It is rezoned/or will be very soon.  So you always want to get in BEFORE the rezone. There are multifamilies there under 500K that you can find on Zillow.  So if it's there, you know there is more. 

@Chris Platis welcome!  A lot of investors on here got started in Upstate NY and there are a few agents on here that specialize there.

I'm want to send a mailer to my area to attract listings for 2019.  I'm thinking for rent by owner or just general homeowners? Then there's an option to send to "every door" in a neighborhood.  Not sure which one?  Open to ideas for lists, and mailing companies who do this well?  Thank you!

Thank you!  Any companies you recommend?

I am looking to do a mailer - sending postcards to homeowners in my neighborhood who may want to sell.  What is the best mailing company to go with?  I would rather work with one company where I can buy the list and they mail it, too.  Nothing crazy expensive, but worth the investment.  Any recommendations?  Thanks again!  MR

@Shmuel Harris did u do it?

I live in Brooklyn and properties in the area are expensive, I don't want to leverage myself more than 125K for my first buy - even with a partner.  Outside of the area, including Florida where I lived, there are cheaper properties in my range, but need rehab work.  Should I get something out of state and manage rehab from afar or are there people who can manage for you? Or should I get something where I am right now, even though comps can go up to 650K.  I worry that managing from afar may be a challenge.  Anyone do this?