All Forum Posts by: George Hermann

Hi Roberto, there is a lot of opportunity in the Bronx. If you're in LIBOR, you should have access to the Bronx MLS listings. You can get access to foreclosures in Queens and the Bronx by buying membership in Property Shark. Good luck!

Kathy, I agree with Joel. There is no such thing a a successful part time real estate agent. You have to put in the time and gain the experience to become successful. While rentals in midtown are good for new inexperienced agents, you will have to break out of that and into buyers and then listings. This is where the real experience and income are. I would suggest that you plan on 2 years of focus on becoming a successful real estate agent before you look to take on upstate investment properties.

Hi Kathy, it sounds like you’re taking on 2 things that demand your full attention to learn and become successful at. If being an agent will be you source of income until your investment properties can pay the bills, then you will need to put your full attention there before trying to do flips upstate. I believe you need to get your priorities settled. I suggest you read The One Thing by Garry Keller. It will help you get focused.

Hi Jaime, in New York a licensed agent (called a salesperson) must have their license held by a licensed broker. Brokers typically charge their agents a monthly fee and a percentage of any transaction (buy, sell, or rent) that the agent participates in. You will have to shop around to find a broker that will be best for you. Good luck.

Frailyn, location within the Bronx matters. Also, proximity to trains to Manhattan. How did you figure potential market rent? Why are tenants on month to month? Have you reviewed current open violations? What is the FAR for this property? 

Good luck  

As has already been stated, it’s all about disclosure. 

The Bronx Real Estate Network is hosting this event. for details you can go to meetup.com/the-bronx-real-estate-network or you can Text me at (914) 450-8213. 

Hi Sandy,

I can recommend Cris Gottlieb at Cohen Hurkin. Send me your cell phone # and I will Text you his contact information.

Good luck'

George

Congrats Elvis, contact me if you would like to join our Bronx Real Estate Network.

George

For full details and to sign up go to meetup.com/the-bronx-real-estate-network/

If you have any questions, text me at 914-450-8213.