All Forum Posts by: Andres Baena
Andres Baena has started 3 posts and replied 49 times.
Post: Can I cite this Pandemic to back out of a deal?
- Attorney
- Queens, NY
- Posts 52
- Votes 15
It's definitely happening with other transactions. Ask your attorney to review the contract because he might be able to find the right clause to argue on this. These are uncharted waters so no one really knows how it will play out in litigation.
Post: Buy and hold for Newbie in NYC
- Attorney
- Queens, NY
- Posts 52
- Votes 15
Hello and welcome @Paul Chae!
I agree with what Abel has posted and you should definitely link up with agents to help you better understand the products and costs associated with the markets you are interested in investing.
Best,
Post: Management companies in NY
- Attorney
- Queens, NY
- Posts 52
- Votes 15
Hi Tania, I would love to throw my hat in the ring. I will send my contact info in a direct message.
Best,
Andres
Post: I need a good inspector
- Attorney
- Queens, NY
- Posts 52
- Votes 15
Hello @Derek Moore I have referrals for Queens and Nassau County. PM for info.
Post: Need a wholesaler in suffolk county or good attorney
- Attorney
- Queens, NY
- Posts 52
- Votes 15
Hello @David Medina, I can assist with any legal issues.
Post: Anyone from NYC in here (Its like a rare commodity to find)
- Attorney
- Queens, NY
- Posts 52
- Votes 15
Hello @Miltiana Holdip, i'm a Bayside based attorney and a new investor in the Southeast Queens markets. Let me know if I can help in any way.
Post: Property Analytics Group
- Attorney
- Queens, NY
- Posts 52
- Votes 15
I like your hustle, i'm in.
Post: Rent Control question
- Attorney
- Queens, NY
- Posts 52
- Votes 15
Definitely get an attorney who is up to date on the changing rent control law. See below article:
https://www.nytimes.com/2019/06/12/nyregion/rent-regulation-laws-new-york.html
Best,
Post: Flipping in Staten Island, NY
- Attorney
- Queens, NY
- Posts 52
- Votes 15
Hello @Viktoria Barrett, I would like to introduce you to @Pavel Reyes Valdes who knows the Staten Island neighborhoods and is an investor as well.
Post: How to access equity for flipping?
- Attorney
- Queens, NY
- Posts 52
- Votes 15
Originally posted by @Sheila Gonzalez:
Thank you Larry and Andres for your responses.
Sorry for the late reply, but I've been busy with work. I wanted to clarify that the loan I am applying for is a Home equity loan, not a HELOC. Also, the reason I ran up so much debt is the renovation of the 2nd floor apt, with no rental income for 1.5 years. It took that long due to it being a much larger job than we thought (lots of surprises) not having the money up front and paying for it from my income. Next time I get a loan prior to starting.
I will be contacting you Andres via PM very soon.
I chose a Home equity loan instead of a HELOC so that:
1) If the economy suddenly tanks they cant just cut the line of credit so my plans don't become affected.
2) The interest rate is fixed.
Are there any reasons I should consider a HELOC over a home equity loan?
Thanks, Sheila G
Solid logic, I just ran it by my mortgage broker to verify. Looking forward to the PM.