Extension cords in air.
Lighting in West Stairwell.
Keep electric panels closed.
Hanging fixtures in front of exit on 4th west.
Tuesday, August 27, 2013
Monday, August 26, 2013
Wednesday, August 21, 2013
Tuesday, August 20, 2013
Dealing with Unruly Owners
Is not uncommon to find s dilapidated building in ever neighborhood in nyc. These buildings appear to
Monday, August 12, 2013
Deal Killers
In my experience, the number killer of all but a few of my deals has been in the owner renegging on the offering and trying to command more money.
In most cases it was like watching a captain go down with his ship. I have yet to master the art of coming in low. I guess they see deals going on around them and want full retail asking price for something requires substantial amount of work to be converted.
In most cases it was like watching a captain go down with his ship. I have yet to master the art of coming in low. I guess they see deals going on around them and want full retail asking price for something requires substantial amount of work to be converted.
Wednesday, August 7, 2013
Investing Tools
In order to be a good investor you have to be knowledgeable, create a clear plan and execute each task, even if it feels like you are jumping off a cliff. As Nike says "Just do it".
The following tools are the top of the line tools necessary to invest in New York City. Some of these are exclusive to New York City and most likley may not apply elsewhere.
Zillow.com
Every real estate agent hates Zillow. But don't worry about that. Zillow is a great tool to research recently sold properties. Although it appears credible, it is NOT a good tool for doing rental or purchase comps. Again, only use it for researching properties that have been sold.
OASISNYC.com
This is a magical web site. I couldn't be a real estate investor in New York City without it. Use the map feature to do a property search. Once you ID the property, use the menu in the right hand column to look up property information. Everything form fines, to real estate transactions and tax records are available. It's awesome.
There are others similiar to Zillow including Property Shark and Trulia.com but for ease of use Zillow is easiest. Again, you are using it to comp recently sold and for sale more than anything else. You can't rely on the estimates they give you.
The following tools are the top of the line tools necessary to invest in New York City. Some of these are exclusive to New York City and most likley may not apply elsewhere.
Zillow.com
Every real estate agent hates Zillow. But don't worry about that. Zillow is a great tool to research recently sold properties. Although it appears credible, it is NOT a good tool for doing rental or purchase comps. Again, only use it for researching properties that have been sold.
OASISNYC.com
This is a magical web site. I couldn't be a real estate investor in New York City without it. Use the map feature to do a property search. Once you ID the property, use the menu in the right hand column to look up property information. Everything form fines, to real estate transactions and tax records are available. It's awesome.
There are others similiar to Zillow including Property Shark and Trulia.com but for ease of use Zillow is easiest. Again, you are using it to comp recently sold and for sale more than anything else. You can't rely on the estimates they give you.
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