All Forum Posts by: Nicolas Nuvan

 My client is under contract on a 2 family duplex in Woodhaven for 790k, fully renovated. Will be cash flowing after all expenses and cap-ex when he rents it out. Everything priced well is gone in a week. It takes using an agent that does this full time to find the deal.

@Ruke U.

Pretty much anywhere outside of the cities. Low appreciating, high cash flow states.

I'm in Queens as well. Whats the deal that you acquired?

I can recommend someone, DM me if still looking.

@Diandra Duncan

I’m an agent in Queens.

Don’t waive inspection, also, it’s hard to say if the home is overpriced without the location..

My client very recently got a 2 family for 790k in Woodhaven, fully renovated.

New York is not an As-is state lol, an inspection is standard for SFH and MFH. Even for condos and coops!

Based off of the information provided, agent sounds a little commission hungry. 

@Cole Bennett

Great parent! Very cool that you’re so supportive. Have a great weekend. Going to be a sunny one.

@Cole Bennett

Yes, you can gain equity if you’re like some of these 2017 buyers selling in 2021. Will be a longer road if you buy now. My client bought their place in Park Slope, BK in 2017 and sold for 190k over ask in 2021, 250k over original purchase.

I agree with your correct logic of putting exorbitant rent money into something you’ll get back. Downside is the high maintenance fees in Manhattan. Have you thought about outer boroughs? BK and Queens. You could get a good bang for your bucks in a condo/coop, or even a multi family easily.

@Diandra Duncan

Like with anyone else, you’d want to interview multiple people and check where you’ll receive the best rate and fees.

@Carmine Catalano

Hola Carmine, te voy a enviar mensaje directo para hablarte por teléfono o video sobre casa de dos o 3 familia en NYC

@Jack Callinan

I’ve helped clients do this plenty of times. Very easy commute requirement. If its a single family, you're looking at East New York, Cypress Hills, East Queens, South Brooklyn, or Bronx (with as little as 3.5% down). If its a coop/condo and you have atleast 10%, your location can get better, but the house hackability is more restricted.

DM me if you want to get into specifics.