All Forum Posts by: Suzanne Player

Definitely be as flexible as possible with location, you're not choosing where you're living for the rest of your life

Don't rule out apartments, condos & coops can be a great way to get into the market 

You can't outrun the market by saving money from your job (unless your income is extremely high), it's important to start growing equity as soon as you can

I would also say you should always be pre-approved before you start your search, especially in this market where houses move fast

If you need any mortgage banker/broker recommendations, please feel free to message me

In the meantime check out New York State's program for first time homebuyers:

https://hcr.ny.gov/sonyma

I don't know what price range would work for you as an individual - but have you considered a coop or condo with a 2nd /3rd bedroom to rent out to a roommate?

There are 35+ for sale in Nassau at the moment with at least 2 bedrooms and priced at $399k and under, in Rocksville Centre, Lynbrook, Hewlett, Glen Cove, Westbury, & other areas

In Suffolk I see 45+ properties in the same category today, including at least 1 foreclosure

It is difficult to outrun the market (I mean by saving money from our paycheck vs real estate equity increasing in a growing market). A lot of people don't give much consideration to apartments, but they can be a great way to get a foothold in the market and house hack until you find something you like in a SFR or multi

I would recommend getting pre-approved for a mortgage as a first step if you haven't already.  New York State has several first time homebuyer programs for a below market mortgage rate (& sometimes other assistance).  You can buy a coop or multi family with a SONYMA loan as well.  If you haven't already you might want to check out their pages:

https://hcr.ny.gov/sonyma 

Not every bank offers SONYMA mortgages, and sometimes an FHA (or VA loan if you have served in the military) is the best choice. If you would like referrals for experienced mortgage bankers/brokers, feel free to message me.

Good luck on your search

Hi Daniel

I can post it on my Facebook group page or tweet if you like, just message me or email me with the text 

Looking forward to tomorrow's meeting, please feel free to bring your ideas, questions, deal scenarios, etc

Even if you are not signed up, please feel free to drop in

I'm wondering what makes you say it must be an FHA. If you're in New York State you might be eligible for a SONYMA, it's often cheaper:

https://hcr.ny.gov/sonyma

But there are a lot of programs, without all the specifics, it's tough to say. If you are in NY and need mortgage broker/banker recommendations, please feel free to message me privately.  

Once you have an idea of what you could borrow and what the closing costs & payments are, it's much easier to know what could be a good purchase for you.

I have a Meetup that meets monthly on Long Island, posted on Bigger Pockets, next meeting is here:

https://www.biggerpockets.com/forums/521/topics/1133485-lets...

Beginner, intermediate, & aspiring investors are welcome

I would also recommend Bigger Pockets podcast 

If you'd like to meet other investors on Long Island you are welcome to attend our upcoming meetup, we generally meet every month, it's posted on Bigger Pockets at:

https://www.biggerpockets.com/forums/521/topics/1133485-lets...

Hi NIcholas

You are welcome to come to our upcoming Meetup for real estate investors, it's posted here on Bigger Pockets:

https://www.biggerpockets.com/forums/521/topics/1133485-lets...

We have an investor's meeting open to anyone coming up, it's posted on Bigger Pockets here:

https://www.biggerpockets.com/forums/521/topics/1133485-lets...

We talk about any topic people are interested in, people bring their questions & share info

Have you tried going down to the county clerk's office in Mineola and asking a clerk to help you?  This information isn't posted online in Nassau.