All Forum Posts by: Ecaterina Katerina Morosan

Hi Giovanni!

I like the fact that you're actively analyzing deals on your own. That helps you understand the returns each can bring and the shifts in the market as well as get used to the numbers.

Regarding loan types, the best way for you to learn your options would be to connect with a local investor-friendly lender or two, so you can ask all the questions and they can come up with a few options and strategies for you.

And yes! Too many get stuck with analysis paralysis, not only first-time investors but also seasoned buyers. After talking to lenders, talk to local real estate agents (remember to talk to investor-friendly agents who have worked with investors before). They'll explain not only how to look for deals, but also how to play it safe while taking steps forward in the purchase. 

Good luck!

Hi Oscar, do you have a brokerage that will be sponsoring you? Can they share the data with you?

Hi Taiquis, I just sent you a few upcoming events in NYC

Hi Jean, welcome to the world of real estate!

Analysis paralysis is a totally normal syndrome for a new buyer/investor. In this case, I think you need a team who you can rely on and get their advise on things that you night not be competent enough to analyze on your own. Mostly its data and numbers. Finding an investor friendly agent, lender and attorney will help you land a good deal and move forward in the process. 

Hi Gabby, I'd say Bed-Stuy, Bushwick and Ridgewood (Queens) are very similar markets in terms of property type, price point, returns, demand and lifestyle. A lot of investors and first-time homebuyers are buying small multifamilies in these areas because they see them as the next Williamsburg. 

Hi Christopher, using HELOC is a better option these days. I see a lot of investors going with HELOC instead of cash out refi in the current market.

In regards to what market to invest in, I guess first it depends on the budget that you're qualified for. Second, it depends on if you're willing to look at other markets that are not as close to you and might require you to factor in a property manager/super costs to your monthly expenses. Or at least to have a trustworthy handyman who can take care of things in a timely manner and for a reasonable price in case of emergency.

If you're looking to hold long term and diversify, South Florida might be a good choice for both appreciation and potential cash flow. Also, FL is a landlord friendly state.

If you want to take as less risk as possible and know exactly what's going on on the market and with your investment property and save money on property management, stay in NJ. There are still good transactions happening in NJ these days. 

Hi Arunabh, we have a coop in Upper West Side coming on the market next week that is a handyman special. Whereas, coops in general are not the best options for investors who want to renovate and rent right away, we had a client purchasing a gut coop for personal use for 1-3 years, and then it will become a rental investment. All depends on coop rules. 

Condos can be rarely found in distressed condition, but it is possible to find ones as value add. 

I think the best way to invest in BRRR properties in NYC is to go to the closest boroughs such as Brooklyn, Queens, Bronx.

Hi Florencia, we can help you with this. DMing you now

Oh that's awesome! Good luck with your new journey. Our team covers Atlanta as well. So, happy to help if needed

Hi Gage, our team can help. We've closed on a number of investment properties in Florida including St Pete.