My apartment in greenpoint brooklyn's being turned into condos. Is it wise to buy and try and flip it?
105542
YES YES YES.  I am a retired California Realtor who was able to retire early thanks to a housing market similar to NY's.  You won't be able to retire off flipping one place, but you'll come out way ahead.  I don't know the specific prices in your market but you might check with my "source".
157296
Don't do it!! Run in the opposite direction.\n\nThe last time I started purchasing a property, the LLC was a front for a big bunch of scam artists.\n\nRun Man!! do it now!!
246966
Not in NY.  Just call a broker or agent and they can tell you.
709452
Either you are joking, or you need a little education on your local real estate market (particularly for condo's).  See the site below before you buy anything in San Diego right now.  Take care.
1140204
depends on your lifestyle, you like to move around, rent , if you are looking for something set then make the jump on something while the market is down then renovate and sell. or stay which ever. apprasials are going up for taxes, that is something to think about talk to a realitor, but they get about 6% of sale price and dont think about owner finance its not good for that. good luck
556707
Unfortunately, I think it is legal; my apartment complex does the same. I think it has something to do with the property owner's business choices superceding your choices, since ultimately you can choose not to live there, you know?\n\nI think it's retarded and I hate it too.
779030
Yes.  They often get a commission from the people who own apartments.  Look in the phone book under Rental Properties.
25940
eh that might be iffy if you are trying to get your own apartment. If you move out to live with a friend you can do it right now I believe. However don't quote me as legal advice please, because I'm no lawyer.
918499
You are in idiot.  You are acting like you have a solid asset for sale.  I would rather buy an apartment building that was built on quick sand, and built on a fault line and built in a hurricane zone.  To me that seems like a more solid asset.\n\nGood luck.
829687
ask a brooklyn real estate agent.  they can point you in the direction of the cheaper aparments for rent.  this directory is really helpful if you don't already have a real estate agent in mind: http://www.realestateforsaleinnewyork.com\ngood luck ;)
136938
It is not very common for apartment complexes to report to the bureaus although not impossible. More than likely it will not come as the apartment complex itself but rather a possibility they will send it to collections (if it comes). 6 months is still pretty fresh. Keep your eye out for unknown collection activity in the future. I hope you have documentation to support your claim.
1008273
You can do a like-kind exchange, where you trade the property for another, and defer your gain until you sell the new property. The rules are complicated--you should talk to a CPA.
220134
List it yourself and try to sell it that way. If that fails you can always seek the assist of a realtor.
1186782
In a condo, you own the physical unit itself, and pay maintenance for common areas; with a coop, you own shares in a corporation and allow yourself to "rent" your unit.  Your maintenance is much higher in a coop than a condo.  In a condo, you can vote on issues; with a coop, you vote for a representative for the shareholders, there is also the agent's rep, and usually the sponsors' rep on the board.  Sometimes when you sell a coop, there's a flip tax that has to be paid back to the coop board.  We bought a coop on Long Island in 1990 - big mistake - the maintenance was high when we bought - $800 (you pay the underlying sponsor's mtg.; taxes; garbage; water; super's salary; managing agent's fee, etc. thru maintenance in a coop), and eventually got to $1,200 per mo. due to balloon payments on the underlying mtg.  When we wanted to sell, we were in a jam - you can lower the price and take whatever hit you want, but you can't change the monthly maintenance - it took us 2 years to sell (I had a 2 bedroom unit and had three children there - it was rough) - we took a $20,000 loss but it was worth getting outta there!
135195
real estate start small start flipping houses and get as many properties as u can   and hang on to the nicer ones... u will never regret this move down road.......
970938
if it were in the middle of Manhattan, that would be an astronomically GREAT price.  \n\nif it were in the middle of Kanas, maybe not such a good price.  \n\nIOW, we won't be able to help you out that much.\n\nIt looks like you're somewhere around the Gainsville, FL area.  My gut instinct says it's a pretty good deal.  \n\nYou need to look at what some other parcels have recently sold for.  Also, would you be in a position to sell off some of those acres?
89847
not sure how anyone could advise you to buy based upon an online description. without seeing the property that is downright silly. the real estate market is currently at or near a top based upon all available data. read the newspapers, mortgage rates are going higher, sales are down, builders are offering big incentives to buy... that is usually the sign of a major slowdown.\n\ndon't know where you are located, but i would proceed with caution. the buildings across the street could overshadow your intended purchase and make your property worth less to a potential buyer down the road. i would never buy across the street from unknown construction. what happens if they don't finish the project and leave a shell across the street that scares people away. what if they build something that is ugly, or creates traffic problems. \n\ndid you check out how many town house units are owner occupied or rented to others? that is a major factor. renters don't treat the property the way an owner does.\n\nyou have much homework to do. good luck