Real Estate investment

[S209]

I hate them more than you but for a very different reason.
Do you hate shadchanim for charging 2k for a shidduch when all they did was make a few phone calls or do you understand that they had to try and fail on hundreds of others?

This is not the right thread for this. But A) Shadchanim and agents are very different and B) I’m not saying I don’t fargin the agents, just that the system is insane, and should be disrupted. I’ve mentioned this before on DDF.


ETA: By “fart in”, I meant fargin

[Zevi16]

This is not the right thread for this. But A) Shadchanim and agents are very different and B) I’m not saying I don’t fargin the agents, just that the system is insane, and should be disrupted. I’ve mentioned this before on DDF.

I know you’ve mentioned it and you’re not getting it.
Successful businessmen pass things over to others to have more time for themselves to make money.

As I’ve told you before. When it comes to business I’m here to make money not save money.
Of course my side hobby is saving money but not in the business world. Now obviously in each line of business you are out there to save. By bargaining, getting better prices etc but time is valuable.

[thaber]

As I’ve told you before. When it comes to business I’m here to make money not save money.
Of course my side hobby is saving money but not in the business world. Now obviously in each line of business you are out there to save. By bargaining, getting better prices etc but time is valuable.

https://www.forbes.com/sites/realspin/2014/08/18/a-penny-saved-was-never-a-penny-earned/#31709e182e88

[S209]

https://www.forbes.com/sites/realspin/2014/08/18/a-penny-saved-was-never-a-penny-earned/#31709e182e88

Nice article. Also, strengthens my point. Wasting money unnecessarily (like by overpaying for real estate investments through inflated agent pricing) costs you double.

[ExGingi]

File this one under how NOT to invest in Real Estate:

https://www.bloomberg.com/news/articles/2019-06-18/tax-haven-wedding-venues-become-nightmare-for-retiree-investors?srnd=premium

[hvaces42]

File this one under how NOT to invest in Real Estate:

https://www.bloomberg.com/news/articles/2019-06-18/tax-haven-wedding-venues-become-nightmare-for-retiree-investors?srnd=premium

And heres a good reason why not to invest in NY Real Estate...

https://www.nytimes.com/2019/06/17/nyregion/newyorktoday/nyc-news-rent-laws-ny.html

[ExGingi]

And heres a good reason why not to invest in multi-unit residential NY Real Estate...

https://www.nytimes.com/2019/06/17/nyregion/newyorktoday/nyc-news-rent-laws-ny.html

FTFY

[hvaces42]

FTFY

Not sure if the security deposit and job loss (no eviction) provisions apply to everyone

[JS69]

And heres a good reason why not to invest in NY Real Estate...

https://www.nytimes.com/2019/06/17/nyregion/newyorktoday/nyc-news-rent-laws-ny.html

The Dems have destroyed this city. Hopefully everyone will wake up next election round.

[ExGingi]

The Dems have destroyed this city. Hopefully everyone will wake up next election round.

Don’t hold your breath. Ain’t happening.

[grodnoking]

Where we moving to? Land taxes is to high in Jersey.

[ExGingi]

Where we moving to? Land taxes is to high in Jersey.

Staying put here.

[~King Lake~]

Where we moving to? Land taxes is to high in Jersey.

maybe come to NY for little while and then when you're gonna go back to NJ you'll say ho wow so cheap taxes over here

[grodnoking]

maybe come to NY for little while and then when you're gonna go back to NJ you'll say ho wow so cheap taxes over here

The cost of property tax completely negates+ what you'd save in Jersey on income tax. Unless you make a significant amount more than average.

[hvaces42]

The cost of property tax completely negates+ what you'd save in Jersey on income tax. Unless you make a significant amount more than average.

NY property tax aint what it used to be. And water rates have skyrocketed where your monthly bill is basically what your quarterly bill used to be. I pay $6k in RE Taxes on a 2 family and $3600 in Water and Sewer. Throw in the annual sanitation summons and youre darn close to NJ RE Taxes. 

[whacked1]

Not sure if the security deposit and job loss (no eviction) provisions apply to everyone

+1 Plenty of items applying to all rentals. Security, retaliatory holdovers, previous rental history, excessive increases and notices etc

[Zalc]

https://rebny.com/content/rebny/en/newsroom/in-the-news/2019/Statement_Housing_Stability_Tenant_Protection_Act_2019.html?utm_source=newsletter&utm_campaign=rebny_updates&utm_medium=email

Great detailed summary of changes that affect both stabilized and non-stabilized units

[grodnoking]

NY property tax aint what it used to be. And water rates have skyrocketed where your monthly bill is basically what your quarterly bill used to be. I pay $6k in RE Taxes on a 2 family and $3600 in Water and Sewer. Throw in the annual sanitation summons and youre darn close to NJ RE Taxes.

In Lakewood a 500k house will put you down 10k in property tax.

[skyguy918]

NY property tax aint what it used to be. And water rates have skyrocketed where your monthly bill is basically what your quarterly bill used to be. I pay $6k in RE Taxes on a 2 family and $3600 in Water and Sewer. Throw in the annual sanitation summons and youre darn close to NJ RE Taxes.

3600 for water and sewer? Are you running a farm or something?

[ExGingi]

3600 for water and sewer? Are you running a farm or something?

I pay more. Teenage girls and lots of guests BH.