All Forum Posts by: Steven Greenhill
Steven Greenhill has started 4 posts and replied 61 times.
Post: Ever get jealous? How do $1M homeowners own that?!
- Real Estate Agent
- New York, NY
- Posts 66
- Votes 26
In NYC, where studios can be upwards of $1.2, I wonder the same thing -- but sometimes i see the salaries and some starting doctors are over $500,000 base + 150,000 bonus.... bankers -- front end + traders are at this... all at age 29.... real estate sales people, depending on the deals you do and who you know can make $500,000 on a few deals...
Post: 2017-18 Housing Bubble?
- Real Estate Agent
- New York, NY
- Posts 66
- Votes 26
Originally posted by @Joe Kim:
There is definitely a bubble in California and big coastal metros. The question is when it will pop or go on a slow deflation -and then POP.
Due to mortgage tightening, relative positive job growth, good consumer confidence, I don't think the bubble will burst in 2017 or 2018. Unless there is some major disaster -war, banking crisis, huge natural disaster, etc... I think the market will flatten
I for one have stopped buying. I don't want 10, 20, 50 units. I'm looking for more quality than quantity at this point.
But if another recession hits, I want to have access to lots of capital to buy those great deals.
Three ways
#1 save for the future. There is a time to buy. There is a time to sell. And time to just hold. Not everyone has TIME to keep active. I'm a "passive" investor with a very heavy full-time job.
#2 pay down primary mortgage/HELOC, and then create a much bigger HELOC so that I have "debt equity" to use for future purchases
#3 Sell underperforming properties in my portfolio (Already sold 5 and looking to sell one more) and pay off more debt.
Everyone is different. Some people have lots of time and little money. Others have money but little time. Each strategy is different based on people's current state.
LA/OC/SD is still down from 2006.... nor-cal is of course up
Post: Where the Heck Should I Move To? Please Help!
- Real Estate Agent
- New York, NY
- Posts 66
- Votes 26
Originally posted by @Karl B.:
Originally posted by @Steven Greenhill:
Atlanta is great!
I've heard a lot of nice things about Atlanta. I hear the people are very nice and people get along. I appreciate the message, Steven.
I absolutely love it there.... visited 2x only but i would move there if my business wasn't in nyc and florida and if the real estate wasn't so cheap -- in which case each deal would net me very little $$
Post: In NYC August 2-15 looking to do business w/ investors and agents
- Real Estate Agent
- New York, NY
- Posts 66
- Votes 26
Give me a call -- I'll send you an email -- work in NYC and Miami
Post: Another question about getting your realtor license....
- Real Estate Agent
- New York, NY
- Posts 66
- Votes 26
ask them to be a referral agent... refer out your business.... you may not have any fees. also, meeting moms is a huge market... that's a great business opportunity... you can get the license but dont have to put it anywhere... tell them you will do part-time occasional business but mostly refer to people within..
Post: Using an Agent to Sell Multiple Properties - Austin, TX
- Real Estate Agent
- New York, NY
- Posts 66
- Votes 26
to be honest, 1.2 million only nets the agent about 22,000 in the end with a 6% commission -- which is standard in NYC. in texas, i assume it's around 5.... but i would ask the broker to offer out the 2.5-3% to the BUYER'S broker still but maybe ask for a knock off .5% of their commission in return for coming back to them... if you have many properties in the future. for new development in NYC, we ask 2% on our side, 3% to buyer's broker -- but anything less than that it's hard to ask for less.
Post: New York City Condo Investing
- Real Estate Agent
- New York, NY
- Posts 66
- Votes 26
Originally posted by @Account Closed:
Daniel Greenblatt I'm also in a quest for a real estate investment strategy within the 5 boroughs. As far as condos I looked into the Parkchester area in The Bronx. I found a deal and was outbid by a cash buyer. As long as your numbers work and you make informed decisions, adjust the plan not the goals! Happy investing!
Reach out to me as well. I use spreadsheets that I've learned in my investment banking days.
Post: New York City Condo Investing
- Real Estate Agent
- New York, NY
- Posts 66
- Votes 26
Daniel I specialize in this. I have a deep backing in finance and have put together many spreadsheets to figure this out. Reach out to me ASAP. I'm known to make my clients MONEY!!
Post: Is this a good broker?
- Real Estate Agent
- New York, NY
- Posts 66
- Votes 26
do you pay for all marketing out of pocket though?
Post: anyone do any radio advertising?
- Real Estate Agent
- New York, NY
- Posts 66
- Votes 26
My feeling it's too impersonal. No one will pick their agent from a radio ad.