Author Topic: Real Estate investment  (Read 39304 times)

Offline lubaby

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2010
  • Posts: 5126
  • Total likes: 558
  • DansDeals.com Hat Tips 12
    • View Profile
Re: Real Estate investment
« Reply #140 on: March 08, 2018, 03:54:19 PM »
Animosity with tenants ::) ;D... A.N.O.N.Y.M.I.T.Y.
FTFY  :D

Online bubkiz

  • Dansdeals Platinum Elite + Lifetime Silver Elite
  • *****
  • Join Date: Dec 2010
  • Posts: 664
  • Total likes: 24
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Real Estate investment
« Reply #141 on: March 08, 2018, 04:46:32 PM »
Depends if you want to protect your anonymity to tenants or not. If you have a PO Box or business address, you can use that on the tax record which will make it more difficult for tenants to figure out where you live.
For liabilty issues, just make sure to have adequate insurance.

Corrected.

Holding it in an LLC will make it more difficult and expensive to refinance.

Offline Ephraimh

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Oct 2013
  • Posts: 1525
  • Total likes: 58
  • DansDeals.com Hat Tips 2
    • View Profile
  • Location: nyc
Re: Real Estate investment
« Reply #142 on: March 08, 2018, 07:48:47 PM »
Hi all,

Have a 3 family building for sale in Brownsville area. Right past crown heights and a few blocks from the Broadway junction trains. Fully occupied, tenants on 1 year leases. R-6 zoning, frame construction and gas heating. Asking 725k. Please PM if interested, or have someone else who is interested. Thanks.
Pm sent

Offline Yehuda25

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Dec 2013
  • Posts: 6016
  • Total likes: 66
  • DansDeals.com Hat Tips 9
    • View Profile
Re: Real Estate investment
« Reply #143 on: March 08, 2018, 08:12:55 PM »
Animosity with tenants ::) ;D... A.N.O.N.I.M.I.T.Y.
;D
“To avoid criticism say nothing, do nothing, be nothing.”


― Aristotle

Offline Mr.Lou-RealEstate

  • DansDeals Copper Elite
  • *
  • Join Date: Feb 2018
  • Posts: 4
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: Brooklyn, NY
Re: Real Estate investment
« Reply #144 on: March 08, 2018, 10:20:28 PM »
OFF MARKET 6-FAMILY PROPERTY FOR SALE - ASKING $4,200,000

The Offering:

6-Family investment opportunity in one of the most desirable neighborhoods in Brooklyn. The subject property is located at 435 Dekalb Ave between Taaffe and Classon Avenues in Bed-Stuy Brooklyn. Property consist of a total of 8 Units - six 3 bedroom/1 bath railroad style apartments with open kitchens, ALL VACANT! Two commercial spaces totaling in 1,755 sq. ft., (1 vacant 875 SF each with full basements). Indian Restaurant occupying one of the commercial units has 7 years remaining on lease and pays $4,000 monthly with no increases.

Zoning: R7A - C2-4 - MAX FAR: 4

Property sits on a 27' x 100' Lot. Building is currently7,020 SF with an additional 3,800s buildable remaining. The six apartments are vacant and ready to be rented as-is for current market value.
No renovations required!

Location Highlights:
• Pratt University around the corner
• Walking distance to the G, C and S trains making it easy to get anywhere in Manhattan.
• Nearby amenities include shops, dining, religious facilities, medical centers, schools, daycares, banks, supermarkets and more.

CALL ME TODAY FOR MORE INFORMATION


LUIS V. BRIONES, JR.
M.S. Real Estate Finance & Investments (NYU '08)
Licensed Real Estate Broker - License # 10401290045
Rapid Realty NYC
M:(347) 391-0056 | F. (718) 228-7918
E:  LuisVBrionesJr@gmail.com
A: 93-49 71st Drive
      Forest Hills, NY 11375

Expertise in Leasing, Sales, Acquisitions, and Consulting of Commercial and Residential Real Estate Properties


Each RAPID REALTY office is an independently owned and operated Franchise, with its own Licensed Real Estate Broker and Licensed Real Estate Salespersons working for them.

CONFIDENTIALITY STATEMENT: THE INFORMATION CONTAINED IN THIS TRANSMISSION MAY CONTAIN PRIVILEGED AND CONFIDENTIAL INFORMATION. It is intended only for the use of the addressee. If the person actually receiving this communication or any other reader of the communication is not the named recipient, or the employee or agent responsible for delivering it to the recipient, any use, dissemination, distribution or copying of this communication is STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR, please immediately notify us by return e-mail, and DESTROY this communication and all copies thereof, including all attachments

“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”

-       Franklin D. Roosevelt

Offline hvaces42

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Nov 2013
  • Posts: 5168
  • Total likes: 907
  • DansDeals.com Hat Tips 14
    • View Profile
Re: Real Estate investment
« Reply #145 on: March 08, 2018, 10:51:23 PM »
OFF MARKET 6-FAMILY PROPERTY FOR SALE - ASKING $4,200,000

The Offering:

6-Family investment opportunity in one of the most desirable neighborhoods in Brooklyn. The subject property is located at 435 Dekalb Ave between Taaffe and Classon Avenues in Bed-Stuy Brooklyn. Property consist of a total of 8 Units - six 3 bedroom/1 bath railroad style apartments with open kitchens, ALL VACANT! Two commercial spaces totaling in 1,755 sq. ft., (1 vacant 875 SF each with full basements). Indian Restaurant occupying one of the commercial units has 7 years remaining on lease and pays $4,000 monthly with no increases.

Zoning: R7A - C2-4 - MAX FAR: 4

Property sits on a 27' x 100' Lot. Building is currently7,020 SF with an additional 3,800s buildable remaining. The six apartments are vacant and ready to be rented as-is for current market value.
No renovations required!

Location Highlights:
• Pratt University around the corner
• Walking distance to the G, C and S trains making it easy to get anywhere in Manhattan.
• Nearby amenities include shops, dining, religious facilities, medical centers, schools, daycares, banks, supermarkets and more.

CALL ME TODAY FOR MORE INFORMATION


LUIS V. BRIONES, JR.
M.S. Real Estate Finance & Investments (NYU '08)
Licensed Real Estate Broker - License # 10401290045
Rapid Realty NYC
M:(347) 391-0056 | F. (718) 228-7918
E:  LuisVBrionesJr@gmail.com
A: 93-49 71st Drive
      Forest Hills, NY 11375

Expertise in Leasing, Sales, Acquisitions, and Consulting of Commercial and Residential Real Estate Properties


Each RAPID REALTY office is an independently owned and operated Franchise, with its own Licensed Real Estate Broker and Licensed Real Estate Salespersons working for them.

CONFIDENTIALITY STATEMENT: THE INFORMATION CONTAINED IN THIS TRANSMISSION MAY CONTAIN PRIVILEGED AND CONFIDENTIAL INFORMATION. It is intended only for the use of the addressee. If the person actually receiving this communication or any other reader of the communication is not the named recipient, or the employee or agent responsible for delivering it to the recipient, any use, dissemination, distribution or copying of this communication is STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR, please immediately notify us by return e-mail, and DESTROY this communication and all copies thereof, including all attachments

“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”

-       Franklin D. Roosevelt
I'll give you $6MM Cash right now.
Fair warning - Any PMs sent in response to forum posts are fair game for ridicule in public.

Offline Ephraimh

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Oct 2013
  • Posts: 1525
  • Total likes: 58
  • DansDeals.com Hat Tips 2
    • View Profile
  • Location: nyc
Re: Real Estate investment
« Reply #146 on: March 10, 2018, 10:57:28 PM »
they always say they can pull the loan if you put it back in the LLC, does that ever happen?
You have to wait minimum a few months for the bank to sell your mortgage to an investment bank, once the bank sells it and you make your monthly payments on time they usually never pull the loan,

Unless you start missing payments and they look into the loan then they can tell you that they wanna pull the loan and you should refinance it right away, otherwise you’re good

Offline thaber

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2008
  • Posts: 3095
  • Total likes: 178
  • DansDeals.com Hat Tips 4
    • View Profile
Re: Real Estate investment
« Reply #147 on: March 10, 2018, 11:41:31 PM »
will commercial loans have much higher rates?
they always say they can pull the loan if you put it back in the LLC, does that ever happen?
any recommendations of lenders who do?
You have to wait minimum a few months for the bank to sell your mortgage to an investment bank, once the bank sells it and you make your monthly payments on time they usually never pull the loan,

Unless you start missing payments and they look into the loan then they can tell you that they wanna pull the loan and you should refinance it right away, otherwise you’re good
Keep in mind that this is not the kind of decision that you make based on anonymous opinions in a forum

Offline Ephraimh

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Oct 2013
  • Posts: 1525
  • Total likes: 58
  • DansDeals.com Hat Tips 2
    • View Profile
  • Location: nyc
Re: Real Estate investment
« Reply #148 on: March 10, 2018, 11:42:52 PM »
Keep in mind that this is not the kind of decision that you make based on anonymous opinions in a forum
That’s a given.

Offline thaber

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2008
  • Posts: 3095
  • Total likes: 178
  • DansDeals.com Hat Tips 4
    • View Profile
Re: Real Estate investment
« Reply #149 on: March 10, 2018, 11:43:23 PM »
That’s a given.
You'd be surprised

Offline Mr.Lou-RealEstate

  • DansDeals Copper Elite
  • *
  • Join Date: Feb 2018
  • Posts: 4
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: Brooklyn, NY
Re: Real Estate investment
« Reply #150 on: March 13, 2018, 12:25:54 PM »
SHOWING PROPERTY TOMORROW (March 14, 2018 between 10AM to 12PM). PLEASE CONTACT TO REGISTER TO SEE THE PROPERTY.

OFF MARKET 6-FAMILY PROPERTY FOR SALE - ASKING $4,200,000

The Offering:

6-Family investment opportunity in one of the most desirable neighborhoods in Brooklyn. The subject property is located at 435 Dekalb Ave between Taaffe and Classon Avenues in Bed-Stuy Brooklyn. Property consists of a total of 8 Units - six 3 bedroom/railroad-styled style apartments with open kitchens, ALL VACANT! Two commercial spaces totaling in 1,755 sq. ft., (1 vacant 875 SF each with full basements). Indian Restaurant occupying one of the commercial units has 7 years remaining on the lease and pays $4,000 monthly with no increases.

Zoning: R7A - C2-4 - MAX FAR: 4

Property sits on a 27' x 100' Lot. Building is currently7,020 SF with an additional 3,800s buildable remaining. The six apartments are vacant and ready to be rented as-is for current market value.
No renovations required!

Location Highlights:
• Pratt University around the corner
• Walking distance to the G, C and S trains making it easy to get anywhere in Manhattan.
• Nearby amenities include shops, dining, religious facilities, medical centers, schools, daycares, banks, supermarkets and more.

CALL ME TODAY FOR MORE INFORMATION


LUIS V. BRIONES, JR.

M.S. Real Estate Finance & Investments (NYU '08)
Licensed Real Estate Broker - License # 10401290045
Rapid Realty NYC
M:(347) 391-0056 | F. (718) 228-7918
E:  LuisVBrionesJr@gmail.com
A: 93-49 71st Drive
      Forest Hills, NY 11375

Expertise in Leasing, Sales, Acquisitions, and Consulting of Commercial and Residential Real Estate Properties


Each RAPID REALTY office is an independently owned and operated Franchise, with its own Licensed Real Estate Broker and Licensed Real Estate Salespersons working for them.

CONFIDENTIALITY STATEMENT: THE INFORMATION CONTAINED IN THIS TRANSMISSION MAY CONTAIN PRIVILEGED AND CONFIDENTIAL INFORMATION. It is intended only for the use of the addressee. If the person actually receiving this communication or any other reader of the communication is not the named recipient, or the employee or agent responsible for delivering it to the recipient, any use, dissemination, distribution or copying of this communication is STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR, please immediately notify us by return e-mail, and DESTROY this communication and all copies thereof, including all attachments

“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”

-       Franklin D. Roosevelt

Offline JayR

  • Dansdeals Platinum Elite + Lifetime Silver Elite
  • *****
  • Join Date: Dec 2014
  • Posts: 739
  • Total likes: 8
  • DansDeals.com Hat Tips 4
    • View Profile
  • Location: The City That Never Sleeps
Re: Real Estate investment
« Reply #151 on: March 13, 2018, 05:05:24 PM »
SHOWING PROPERTY TOMORROW (March 14, 2018 between 10AM to 12PM). PLEASE CONTACT TO REGISTER TO SEE THE PROPERTY.

Location Highlights:
Pratt Institute*

FTFY

Also, you should probably mention that the building is across the street from a huge housing project, Lafayette Gardens, and that there is a police precinct less than 100 feet from your building.
You can modify your original post. The modify button is right next to the quote button.

Offline ADG

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Apr 2015
  • Posts: 1477
  • Total likes: 75
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: BK
Re: Real Estate investment
« Reply #152 on: March 13, 2018, 05:14:23 PM »
I love the jewish people

Offline hvaces42

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Nov 2013
  • Posts: 5168
  • Total likes: 907
  • DansDeals.com Hat Tips 14
    • View Profile
Re: Real Estate investment
« Reply #153 on: March 14, 2018, 06:09:49 PM »
FTFY

Also, you should probably mention that the building is across the street from a huge housing project, Lafayette Gardens, and that there is a police precinct less than 100 feet from your building.
And that a reasonable price for a 6 family in the neighborhood is a couple million less than the ask.
Fair warning - Any PMs sent in response to forum posts are fair game for ridicule in public.

Offline Mr.Lou-RealEstate

  • DansDeals Copper Elite
  • *
  • Join Date: Feb 2018
  • Posts: 4
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: Brooklyn, NY
Re: Real Estate investment
« Reply #154 on: March 17, 2018, 06:47:44 PM »
I also forgot to mention, located near large Hasidic Community and near similar bldg. that recently sold for $4.6MM. The neighborhood is not what it used to be....value will only INCREASE as BedStuy continues to gentrify.

Offline palm tights

  • Dansdeals Platinum Elite + Lifetime Silver Elite
  • *****
  • Join Date: Oct 2014
  • Posts: 646
  • Total likes: 14
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Real Estate investment
« Reply #155 on: April 08, 2018, 08:47:30 AM »
OFF MARKET 6-FAMILY PROPERTY FOR SALE - ASKING $4,200,000

The Offering:

6-Family investment opportunity in one of the most desirable neighborhoods in Brooklyn. The subject property is located at 435 Dekalb Ave between Taaffe and Classon Avenues in Bed-Stuy Brooklyn. Property consist of a total of 8 Units - six 3 bedroom/1 bath railroad style apartments with open kitchens, ALL VACANT! Two commercial spaces totaling in 1,755 sq. ft., (1 vacant 875 SF each with full basements). Indian Restaurant occupying one of the commercial units has 7 years remaining on lease and pays $4,000 monthly with no increases.

Zoning: R7A - C2-4 - MAX FAR: 4

Property sits on a 27' x 100' Lot. Building is currently7,020 SF with an additional 3,800s buildable remaining. The six apartments are vacant and ready to be rented as-is for current market value.
No renovations required!

Location Highlights:
• Pratt University around the corner
• Walking distance to the G, C and S trains making it easy to get anywhere in Manhattan.
• Nearby amenities include shops, dining, religious facilities, medical centers, schools, daycares, banks, supermarkets and more.

CALL ME TODAY FOR MORE INFORMATION


LUIS V. BRIONES, JR.
M.S. Real Estate Finance & Investments (NYU '08)
Licensed Real Estate Broker - License # 10401290045
Rapid Realty NYC
M:(347) 391-0056 | F. (718) 228-7918
E:  LuisVBrionesJr@gmail.com
A: 93-49 71st Drive
      Forest Hills, NY 11375

Expertise in Leasing, Sales, Acquisitions, and Consulting of Commercial and Residential Real Estate Properties


Each RAPID REALTY office is an independently owned and operated Franchise, with its own Licensed Real Estate Broker and Licensed Real Estate Salespersons working for them.

CONFIDENTIALITY STATEMENT: THE INFORMATION CONTAINED IN THIS TRANSMISSION MAY CONTAIN PRIVILEGED AND CONFIDENTIAL INFORMATION. It is intended only for the use of the addressee. If the person actually receiving this communication or any other reader of the communication is not the named recipient, or the employee or agent responsible for delivering it to the recipient, any use, dissemination, distribution or copying of this communication is STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR, please immediately notify us by return e-mail, and DESTROY this communication and all copies thereof, including all attachments

“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”

-       Franklin D. Roosevelt
Still available?

Offline good sam

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Jun 2011
  • Posts: 3277
  • Total likes: 487
  • DansDeals.com Hat Tips 10
    • View Profile
Re: Real Estate investment
« Reply #156 on: April 09, 2018, 12:27:00 AM »
For a single family rental property, does it make sense to move it under an LLC or is it not worth it and should just be kept under my name?
Depends if you want to protect your animonity to tenant or not. If you have a PO Boxor business , you can use that on the tax record whixh will make it more difficutl for trantas to figure out where you live.
For liabilty issues, just make sure to have adequate insurance.
For a single family, self managed property, anonymity isn't really an option (or concern). Sounds like no real benefit to LLC if properly insured.
You guys are missing a couple of things.

First, an LLC doesn't only protect you from liability due to personal injury. It also shields you from possible contractual disputes.

Second, holding the property in an LLC doesn't only shield you from liability relating to this property. If also shields this property from any other liabilities you may have in your personal capacity.
If you don't care why would you comment?
HT: DMYD

Offline palm tights

  • Dansdeals Platinum Elite + Lifetime Silver Elite
  • *****
  • Join Date: Oct 2014
  • Posts: 646
  • Total likes: 14
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Real Estate investment
« Reply #157 on: April 09, 2018, 12:32:56 AM »
Looking to buy a investment property with minimum 10% return in tri state ny area with a 1031 Exchange over a million

Offline hvaces42

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Nov 2013
  • Posts: 5168
  • Total likes: 907
  • DansDeals.com Hat Tips 14
    • View Profile
Re: Real Estate investment
« Reply #158 on: April 09, 2018, 08:28:31 AM »
Looking to buy a investment property with minimum 10% return in tri state ny area with a 1031 Exchange over a million
+100000000000

Im also looking for fairies and unicorns, at a discount of course.
Fair warning - Any PMs sent in response to forum posts are fair game for ridicule in public.

Offline palm tights

  • Dansdeals Platinum Elite + Lifetime Silver Elite
  • *****
  • Join Date: Oct 2014
  • Posts: 646
  • Total likes: 14
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Real Estate investment
« Reply #159 on: April 09, 2018, 09:20:33 AM »
+100000000000

Im also looking for fairies and unicorns, at a discount of course.
Chill brother