Does anyone deal in NYC?

Question

I'm wet behind the ears but I'm home for Christmas and I have one family member looking to buy another property here(he's the one that got me into the whole real estate idea).

If for nothing else, maybe I could get an idea as to what kind of deals by price amount go on here.

Thanks in advance

Elliot Mendoza · Answer

I'm home for the holidays in NYC. But I live in El Paso normally. Was asking because I just noticed an add draped on the side of a building, maybe 10 story tall building, figure it isn't cheap so there's got to be money made here as well.

What kind of writing would there be for a finders/bird dog fee?

Chuck Catchings · Answer

Elliot, are you in NY or El Paso? Is the we buy houses sign in El Paso or NY? Your being a little vague here. We buy house guys are a dime a dozen so you need to be very careful. They are just looking for bird dogs to find property and you will spend a lot of time and effort doing this if you don't know what your doing. Yes you can make some decent $$ doing this but you can also be left out of the $$ if your not careful. Do NOT ever just take someone for their word that they will pay you a fee, get it in writing.

Derek J. · Answer

New York is one of the most expensive places to live in the world .

Elliot Mendoza · Answer

Well, I don't have the cash to do much in NYC, but like I said, I've got one family member looking for another property here, so I figured I'd ask as to what kind of deals people find here. I noticed a big "we buy houses" sign with an 800-number. The guy sounded middle eastern and said if you lead him to a deal he'd buy, he'd pay up to 10k as a finders fee after he closed. So I imagine the numbers are pretty up there in terms of deals.

Derek J. · Answer

I'm also in New York.

Ed Nunno · Answer

im new to this site, but so far seems like im the only member in nyc, well atleast the only active member. what exactly are you looking to do ?