All Forum Posts by: Brandon Raeburn

@Angie Williams Superb answer on zoning info! @Michael M. lets say on 123 E Michael St there are two apartment buildings across the street from each other. One is a R6 and the other is R7. Both buildings were built at the same time and have the same quality of construction. The R7 building is taller with 50 more units and free parking spaces. The R6 building with 50 less units and also charges for its parking. Due to charging for parker in R6 the NOI is exactly equal to R6 and R7. Which is more valuable? Neither, they both make the same amount of money.

@Angie Williams Superb answer on zoning info! @Michael M. lets say on 123 E Michael St there are two apartment buildings across the street from each other. One is a R6 and the other is R7. Both buildings were built at the same time and have the same quality of construction. The R7 building is taller with 50 more units and free parking spaces. The R6 building with 50 less units and also charges for its parking. Due to charging for parker in R6 the NOI is exactly equal to R6 and R7. Which is more valuable? Neither, they both make the same amount of money.

Hey Andrew congrats on your new passion of real estate investing. You have many questions to answer and I'll do my best to help you through this. 

1. I'm a NYC commercial broker and would love to facilitate your acquisitions in NY however, NJ is the better bet to invest RIGHT NOW moving forward into the future. NY prices are to high, cap rates are too low, tenants have too many liberties, and when the market finally corrects the property you just invested in will no longer be as valuable. If you need help finding property in or outside of NY I can still help you.

2. Brokers- Brandon Raeburn of Digiulio Group Real Estate. I am also a licensed contractor within NY. And I can quickly find qualified and experienced property managers for you in any area. I also have extensive contacts with private bankers and private lenders who'll give you favorable loans to build your investment portfolio.

3. In 2017 I did 2-3 deals a month in South Florida buying and selling SFR. After relocating back to NY in Nov I have been exclusively dealing with commercial apartment buildings. Fundamentally, MF investing is the best form of investing. Pay less in property management fees when all your doors are within one location. Deals I'm personally working on is a 76 unit $5 million property out in North Carolina. Fully raised funds with 9.67% annual cash yield, 8% preferred returns and a 14.24% IRR on a 5 year holding period.

Please if you have any questions or would like to meet for coffee please connect through private msg.

You will need an attorney to pursue further action. The co-op association is following protocol and will use an attorney to precede as well.  

@Jason Lee summed it all up in a nutshell. However, Gavin if you still want to dive in I suggest working on my acquisitions team. PM me if you're interested.

Brooklyn Broker here; good luck on your new passion. If I were you, I'd look to invest in the Bronx, East NY and borderline Queens. 

it'll affect you but you may still qualify for a loan. What are the lenders saying? Your attorney can't approve you so he's secondary in that discussion

Welcome Isaac, I'll be moving back to NYC in a couple of months. I'll also have info on mixers, meetups and seminars. If you ever want to find out what's going on in your area just let me know. This is a good place to meet and network with like minded individuals. You're in good hands.

First you must consult an attorney. Now if the pet owners medical condition worsened and she was prescribed the animal after she signs the lease, then you may not be able to remove her or the pet. In this case, allowing the tenant with allergic reactions to dissolve their lease and leave the premises within 30 days with full security deposit would be a better plan. Disclaimer: Now, if after speaking to a attorney you find out it's totally legal to remove the tenant and her animal, she could still (and propably out of spite) file an erroneous civil suit of discrimination against disabilities. I wish you the best of luck.

First, speak to a lawyer and they'll help you with an advantageous way to move forward. It doesn't matter if he's your friend for 40 years, he's your business partner first. Treat your relationship as a business and protect your interest. Like the others have posted you could ask him to sell, but if he refuse you'll need to take him to court for partition. Let this be a lesson, never do business with friends and family. A spouse is the only exception because they have no other choice.