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New York : Real Estate Advice

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Activity 5,421
Yesterday at 4:22am
Kathy Burgreen answered:
Income does not always mean employment income. Lenders consider income from pensions, Social Security, annuities and investments. Therefore your pension IS income. You need to contact a lender and have them pull your credit. You should be fine. ... more
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Yesterday at 4:04am
Kathy Burgreen answered:
As a former realtor, prices for 2 bedroom rental apartments in the Bronx start at $2,000. and go up. In Manhattan, prices start at $4,000. In Queens and Brooklyn, prices start at $3,000.

If your income is $120,000. you need to cut your expenses and increase the amount for rent. Work out a budget that you can stick with and one that you can afford a 2 bedroom for $2,000.+
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Fri Mar 24, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

There is a bank statement and asset depletion program, so it is possible to qualify for a mortgage using your assets as income.

I can explain more.

If you have any other questions or would like help with this you are welcome to get in touch with me
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Fri Mar 24, 2017
Kathy Burgreen answered:
Technically, Yes. Beware, you have 2 obstacles:
1. The co-op Board may object & tell you "No."
2. Buyers in NYC refuse to buy a co-op that they cannot move into immediately. Buyers will not accept a rent back. ... more
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Thu Mar 23, 2017
Ireneguida asked:
This is the benefit of having Testonix. Come what may, the long lost relative returns. There should be a purpose in doing this.It is how to develop striking working relationships with counterparts.…
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Tue Mar 21, 2017
Wendy Gu answered:
I've had a good experience with the team here. Was staffed on a seller listing within the first two weeks of joining. One requirement to be mindful of, you must copy the senior broker on all emails for house leads. Makes sense I suppose since it is their client. ... more
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Tue Mar 21, 2017
Amycaitlin42 asked:
Time is the precious asset for every business
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Sat Mar 18, 2017
Altratalents asked:
Sat Mar 18, 2017
Atsalach asked:
As a self-employed, I received 1099 for $103,000 but after applying deductions (car, gas, tolls etc) the 1040 show my adjusted gross income as $65,000.
What income will be considered when…
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Fri Mar 17, 2017
Michael Hunt Jr answered:
An Accepted & Signed Offer Is A Binding Contract. ... Under established Massachusetts case law, a signed standard form offer to purchase is a binding and enforceable contract to sell real estate even if the offer is subject to the signing of a more comprehensive purchase and sale agreement.Sep 8, 2009
Source: GOOGLE.COM
... more
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Wed Mar 15, 2017
Hilary answered:
Forget it! Its a cultural wastelnd! Stay in NYC Raising ur kids there will make them into more diversified nteresting enlightened ppl. I moved to White Plains yrs ago and I hate it I feel like an alien! Nothing but clueless yuppies I'm trapped here. Too expensive to move back to NYC . ... more
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Wed Mar 15, 2017
Amanda smith asked:
I am currently looking for a 2 bedroom apartment that will be willing to accept cityfeps voucher for $1515. The apartment would be for 2 adults and 3 little boys ages 7,5 and 2 months old.…
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Tue Mar 14, 2017
Diana Perez answered:
Its going into foreclosure. Owner defaulted on mortgage and owe around 4,746,905
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Mon Mar 13, 2017
Jgandbplanier answered:
In 2015 having banked with Chase for 20 years we went to them directly for a mortgage in Dallas. They kept saying everything was good and we gave them everything they requested-3 different people told us it would close. Eventually after 60 days the sellers walked away with our $2000 escrow. We found another house one street over and another lender who closed us in 30 days. I spent 2 months talking to different people at Chase trying just to get my $2000 back-nothing not even an apology-they did not understand at all what they had put us through. I closed my account with Chase and would not recommend them. ... more
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Fri Mar 10, 2017
Riad Touchan asked:
Fri Mar 10, 2017
Kathy Burgreen answered:
Unfortunately 3rd party real estate websites (Zillow, Trulia, etc.) are limited with search filters and cannot separate condos from co-ops. Zillow does have a search filter to separate them but it's not 100% accurate. I have seen listings that say condo when I know the building is a co-op and vice versa. Even listings from agents have it wrong.

The best method as a former realtor that I told buyers is: You need to know that co-op units are about $100K + cheaper than condo units. Therefore, when setting the price minimum / maximum that you can afford, under "Minimum" price - put a higher amount and under "Maximum" price - put down the highest amount you can afford.

Example: let's say you can afford up to $2 million condo. Your "Minimum" price is $1 million and your "Maximum" price is $2 million. This will eliminate all listings under $1 million which will likely be co-op buildings because their prices are under $1 million.
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Wed Mar 8, 2017
Lewis.annemarie365 answered:
No go online and sign up for www.prepagent.com Joe's stuff is the best and you WILL pass!

Good luck!
Don't give up...Know your terms well and take another practice exam BEFORE the actual one.

Anne
... more
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Tue Mar 7, 2017
Kathy Burgreen answered:
Your best bet is looking in the nearby suburbs - Westchester and Nassau Counties. Housing is cheaper than New York City and there is easy transportation via the commuter railroads. For Nassau County - it's the Long Island Railroad (LIRR). For Westchester County - it's MetroNorth. You should be able to find a studio for $1,000. and with electric and internet services = $1500./month. Water is included in your rent - no extra charge.

A 1 bedroom in the suburbs is about $1700./month. You may get lucky and find one for $1400 - 1500./month. Beware that internet providers charge $$$ for service.
... more
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