Victoria Felix answered:
Are co-ops harder to buy/sell? Coop loans harder to get?
Typically board approvals go much smoother in New Jersey vs New York. You should be aware that coop ownership status differs which impacts unit renovations and subletting. Is there a pa
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Elvira Quiray answered:
Do Metropolis Towers allow renting out?
Yes. Units are being rented out at the Metropolis, either direct from management or from the shareholders' themselves. There are fees involved, and an interview of the prospective tena
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In the Paulus Hook section of Downtown Jersey City, there is a great high end restaurant called the Light Horse. The name is a historical reference to a house and a man who once occupied the Paulus Hook…
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15 Properties Came on the Market This Week vs 20 Last week225 ST PAULS AVE , JERSEY CITY, NJ18 BRIGHT ST, JERSEY CITY, NJ20 2ND ST, JERSEY CITY, NJ264 9TH ST, JERSEY CITY, NJ45 RIVER DR SOUTH, JERSEY…
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Dear Neighbor:The market has continued to gain momentum for this month and I thought you would enjoy reviewing the latest market statistics from my blog.Please click on the link below to read the full…
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HL answered:
Where is a better place to invest for a 1 bedroom condo? Dumbo in BK or Exchange place in JC?
Thank you Linden and Jamie,
these are all very good advices.
Diane Glander, Spring Lake, NJ answered:
what are the financial costs of breaking a property contract?
That's a complicated question.
It depends on where you are in the process and what your contractual contingencies are. Your attorney is the best to guide you here.
If you are st
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Shavzz answered:
Buying a garden level property
Thanks a lot for responding. Private yard is there. I don't know about the back wall, however, there had been moisture issue which is said to be corrected in the renovation that wa
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Kevin G. Dowd answered:
Whats a good place in Jersey City to buy a condo and rent it out?
I would try buying a condo near the Light Rail or near the Journal Square PATH. Condos in these areas rent very easily.
Kevin G. Dowd answered:
I have about 50K,I currently have a 2 fam. as my primary res. Should I refinance by mortgage (currently 6.1%) or should I buy an investment property?
I would refinance your primary residence and roll the closing costs into your refi. Take the remaining 50K and try and purchase a short sale investment property in Jersey City.
Mark Finne answered:
Can you please recommend an architect familiar with 203K loan guidelines around Hudson County, NJ?
I do. Perhaps we can meet in person to review the breadth of my services and contacts. I am a full-time real estate agent for 7 years now...I have a great sphere of influence to help
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Carlos Rodriguez (servicio en espanol) answered:
Hi, I read many times that property appreciates @ a certain % every some years. How does this work?
Real estate is a great investment. But keep in mind that nothing is a sure thing as many homeowner who purchased properties at the height of the market have learned. Much like a financ
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Mohan answered:
I own a mother/daughter victorian in The Heights. It has 4beds, 4 baths, 2 plus kitchens. Fully landscaped
$1500 + utilities separate. Since washer dryer is included in rent, you can even ask tenants to pay for cold water.
Mohan answered:
HOW MUCH SHOULD BE CLOSING COST FOR PROPERTY THAT COST $150,000.?
Goto amerisave.com and enter the information. It will give you the closing cost amount very close to good faith estimate given by lenders.
Corey Grushin answered:
Timeline for Short Sale with Bank of America as only lienholder in New Jersey?
Chris the time line is totally dependent on the selller & the person providing the information to the bank and negotiating the short sale transaction for the seller, usually the listing
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Mary Petti answered:
Is there anything I can do to nudge the short sale process along without becoming overbearing on the sellers?
First, I don't understand how you signed a U & O with the sellers? Did your attorney (or both attorneys) draw this up? If the owner is collecting rent from you, then he/she has income
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HomeBuyer answered:
Why buy a house for investment?
Thanks Wayne and Patty.
I think the only way it can work is by buying a cheap property that can rent high. Not sure if happens anywhere.
For example a 450K 2BR fetches a max of 30
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HomeBuyer answered:
I buy a house for 300K with monthly mtg of 2000, rent it out for 2000 a month, and sell it for 300K after 5 yrs, I can pocket 120K?
Thought I should close this thread now that I understand how this works.
Special thanks to Alex who walked me through details on email.
By buying and then selling a house, the ban
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Every savvy seller wants to know what turns buyers off, so they can get their homes sold as quickly as possible, for as much as possible. Buyers should also note; there is a minefield of seller turn-offs…
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Trisa Edmonson answered:
Looking for an agent familiar with Jersey Heights / Bayonne area and experienced in short sales of multifamily homes.
Both areas are pretty easy to rent, but you'll have much better luck finding a move-in ready property in Bayonne at that price point. If you're looking to do some work (and are able to
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