Hi--Would you possibly know what the laws are in NY with regard to rent stabilized apartments?

"adding value" and "finding deals" are two seperate things...somewhat.obviously, to find "deals" you need to find a property that is most likely, in need of repairs, either by you or by an assignee (wholesaling).but strictly "adding value" is a seperate category in and of itself.

I think I put this in the wrong spot, but I was trying to respond to somebody's request for input.

I signed up 2 months ago and was a complete nightmare.

First, they disputed items I already had removed a year ago w...

20% down so no PMI is a good rule.One advantage of using 20% down is that under United States tax law, mortgage interest payments may be deductible on the borrower's income taxes, whereas mortgage insurance premiums are not.

Some Realtors may want some kind of listing info, but in this area it is just handled as strictly a free service.

having said this, let me further say that many people who are considering any type of business or investing in real estate, HAVE NO IDEA about financing, financials, types of investing, how to handle agreements and contracts, laws and rules, regulations, etc.additionally, i would just go out on a limb and say, that in my opinion, i would say that (and this is a guess) about 40% of the real estate "investors" that would consider themselves successful and maybe even many fellow colleagues would think the same about them - that they are not or will not last in the business.

The banks are getting much more strict and are requiring money in the bank as well as a stronger credit score (620-640).Subprime banks have a lot of pressure to keep their foreclosure rate down because they can loose their license if a certain percentage of loans go into foreclosure.If you have any more questions, please let me know.Phil Altieri :superman:

I can basically only look at multi-units since the swedish laws makes it very easy to get a loan for one-unit/family houses and these are really hard to rent out - the result is that people who can afford to rent one-unit houses always buy 'em.I know, and understand the basics of cash flow valuation models and that net income is most important.

Thank you for the help.YOu need to read up on the laws in Oregon.. since this post was made new laws came into effect. you must be a LICENSED foreclosure consultant to help those in foreclosure.. the ONLY thing you can do is buy them and you cant wholesale in Oregon the way guys and gals do in others states .

I know the laws are different from state to state and that part is intimidating.