All Forum Posts by: Simon Smith

All, looking to make a small purchase in San Francisco can someone recommend a realtor?

 Can you DM me?

Did not receive any DM's.

Hi All,

Currently living in NYC, looking to purchase a beach front condo in sunny isle. Looking to use it as a getaway from the city, maybe spend 2-3 weeks every 2 months there. Ideally would like to SRT when i'm not there to try and cover some of my costs. Need some advise regarding which buildings are SRT friendly and where I can find a good broker to work with me. Some questions if anyone can help it will be appreciated:

- What is the minimum down payment required for condos in sunny isle?

- Is hurricane insurance covered in my condo fees or is this something I would have to pay out of pocket?

- Aside from the following: Condo fee, tax, home owners insurance, hurricane insurance (is this in addition to home owners insurance)?, management fee if renting out. Are there any other fee's I need to be aware of?

- How is the Sunny isle market right now is it a buyers or sellers market?

Thanks in advance!

Hi All,

Currently living in NYC, looking to purchase a beach front condo in sunny isle. Looking to use it as a getaway from the city, maybe spend 2-3 weeks every 2 months there. Ideally would like to SRT when i'm not there to try and cover some of my costs. Need some advise regarding which buildings are SRT friendly and where I can find a good broker to work with me. Some questions if anyone can help it will be appreciated:

- What is the minimum down payment required for condos in sunny isle?

- Is hurricane insurance covered in my condo fees or is this something I would have to pay out of pocket?

- Aside from the following: Condo fee, tax, home owners insurance, hurricane insurance (is this in addition to home owners insurance)?, management fee if renting out. Are there any other fee's I need to be aware of?

- How is the Sunny isle market right now is it  a buyers or sellers market?

Thanks in advance!

Hi,

34 years old, started looking at real estate for retirement. Have a good selection of ETF's etc, was thinking about starting to buy real estate to diversify. I generally like beach locations, would want to buy somewhere that I would move too eventually when I retire. Florida and California market is way too hot right now. Hawaii seems more affordable. I'm open to most of the islands as long they have direct flights from US. Budget is around $200K looking for a Studio/1 Bedroom/Single family home, ideally by the beach. Looking on Zillow it seems to be possible? Regarding cashflow not bothered if it's not cashflow positive as long as it's cashflow neutral, again not sure if that's possible?

I have started reading some posts on here trying to familiarize myself with the market in Hawaii, would be great if anyone can recommend trusted local agents I can connect with to try and understand the process better.

Hi All,

Need some advise here. Looking to purchase a property in the Disney world resort vicinity in Florida. Idea is to rent it out using Airbnb. Need some guidance in regards to the following:

- I have noticed that real estate prices in Disney world area have risen tremendously during the past 4 years, 20%+ increase. Is this normal for this area?

- Does anyone else have rental properties in this area? If so how are you managing it remotely are you using an agent?

- Is there anything I should be looking out for when looking to purchase real estate for this purpose?

@Anna Kristensen hey Anna I’m in NYC and pretty much have the same idea as you too!!!

@Jaysen Medhurst

• Where do you have "boots on the ground?"

just NYC

• Do you know any of these areas already?

not at all

• How far are you willing to travel? Even with a PM, you're still going to have to go out there to view properties, closings, etc. 

Anywhere within 3-4 hours on the plane

My strategy is to hold long term and slowly grow. Since I don’t have boots on the ground I was looking at luxury condos in downtown city areas such as downtown Chicago for example.

Hi all,

I am looking to purchase my first rental property. I am based in NYC Manhattan and originally from the UK. I have a budget of around $200,000. Looking to get a mortgage with 20% deposit.

Obviously I do not have enough to purchase anything in Manhattan or Brooklyn. I was looking for advice as to what other city would be idea for a first time investor. I have been looking at downtown chicago as an option as the prices seem rather depressed.

Can anyone help with some guidance as to which cities close to NYC would be ideal for a first timer?