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28 August 2018 | 5 replies
Jerome Ave rezoning was just approved a month ago or so and word has it the Kingsbridge Armory renovation is about to be approved as well. 2 familys are great bc the bronx still have relatively low prices compared to the rest of NYC but rents are still HIGH so if you have a rented unit....the monthly mortgage burden is not that bad. we bought our house for 390k 3 years ago and in total we needed about 17k cash from offer to closing. the vast majority of that was just the 3.5 down payment. i negotiated to have the seller pay our closing costs and again no real estate agents were used. best of luck in your search.
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14 January 2019 | 15 replies
Great leverage for negotiation and, at some point, maybe a vertical business.
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26 August 2018 | 21 replies
When it comes to negotiating directly with the seller you have to try your best to be educated and not have an offer come across as “disrespectful” that being said there may have to be a lot of dialogue about the property before you throw out an offer $140K below market.
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16 August 2018 | 1 reply
Specifically looking for the marketing, but more importantly the steps and leanings for what to do with those leads once I find them - all the scenarios... seller financing, big rehab projects, negotiating with different sellers, learning how to make the right offers...
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23 August 2018 | 6 replies
3) Do you generally negotiate that all marketing fees to find new tenants are bundled together or do you have them paid separately, and why?
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18 August 2018 | 21 replies
For a short term flips you may negotiate a percentage of the profit, a flat fee, or an interest rate.
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17 August 2018 | 7 replies
A seller who has little motivation may negotiate hard on every aspect of the contract.
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6 November 2019 | 14 replies
The license also gives you some flexibility to negotiate with listing brokers because you are entitled to commissions, but keep in mind that any commissions must be disclosed to your investors if you are using private funds to syndicate an acquisition.
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16 August 2018 | 6 replies
How did you negotiate?
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23 February 2019 | 10 replies
Here are the laws in regards to this stuff.4735.01 [Effective Until 3/20/2019] Real estate broker definitions.As used in this chapter:(A) "Real estate broker" includes any person, partnership, association, limited liability company, limited liability partnership, or corporation, foreign or domestic, who for another, whether pursuant to a power of attorney or otherwise, and who for a fee, commission, or other valuable consideration, or with the intention, or in the expectation, or upon the promise of receiving or collecting a fee, commission, or other valuable consideration does any of the following:(1) Sells, exchanges, purchases, rents, or leases, or negotiates the sale, exchange, purchase, rental, or leasing of any real estate;(2) Offers, attempts, or agrees to negotiate the sale, exchange, purchase, rental, or leasing of any real estate;(3) Lists, or offers, attempts, or agrees to list, or auctions, or offers, attempts, or agrees to auction, any real estate;(4) Buys or offers to buy, sells or offers to sell, or otherwise deals in options on real estate;(5) Operates, manages, or rents, or offers or attempts to operate, manage, or rent, other than as custodian, caretaker, or janitor, any building or portions of buildings to the public as tenants;(6) Advertises or holds self out as engaged in the business of selling, exchanging, purchasing, renting, or leasing real estate;(7) Directs or assists in the procuring of prospects or the negotiation of any transaction, other than mortgage financing, which does or is calculated to result in the sale, exchange, leasing, or renting of any real estate;(8) Is engaged in the business of charging an advance fee or contracting for collection of a fee in connection with any contract whereby the broker undertakes primarily to promote the sale, exchange, purchase, rental, or leasing of real estate through its listing in a publication issued primarily for such purpose, or for referral of information concerning such real estate to brokers, or both, except that this division does not apply to a publisher of listings or compilations of sales of real estate by their owners;(9) Collects rental information for purposes of referring prospective tenants to rental units or locations of such units and charges the prospective tenants a fee.