Q: I just moved to NYC/the U.S. and it seems I have pretty much no American credit. I am planning on buying a co-op or condo in NYC within the next two years. How can I build credit with a purchase in mind? Read More.
E-mail us your real estate questions. They will be answered by our team of real estate experts and posted here
I’m a California-based high school student, and want to move to New York to work at a real estate firm after I graduate. What should I do in the mean time?
Q: Hi. I am a sophomore at Galileo high school in San Francisco, California. I’ve decided to become a real estate broker and plan on attending college in California. But I would like to work in New York, so what are some ways or options I have once I finish school to move from San Francisco to New York and get a job at a real estate firm? Read More.
Is there a minimum credit score that landlords look for in potential renters?
Q: Is there a cutoff that landlords look for in scores in renting in the Manhattan market? Read More.
What type of loan should I take out to do home improvements?
Q: What type of loan (equity line of credit or loan) would be better to take out to pay off credit cards and do minor home improvements on an investment property? Total debt is $87,000 and have 2 credit scores over 710. Read More.
What is the process for renting a house in the Hamptons?
Q: What is the process and what are the fees for renting a house in the Hamptons? (broker fee, application, necessary paperwork) Read More.
What will going into foreclosure to do my Fico score?
Q: I have a credit score in the high 700s and will be going into foreclosure on a home. Can you tell me what that will do to my Fico score? Read More.
I want to use my current home as an income-producing property, but am having trouble getting a loan. Can you help?
Q: I own a three-family home in Holyoke, Massachusetts, and would like to use it as a rental/income property and purchase a home in a more rural area. Can you help me find a lender who doesn’t see in only black and white? I spoke with a lender who said that they would not consider the rents from all three apartments because it wasn’t on my taxes as such. I tried to explain that I am living in one apartment and my mother in another, so the two apartments weren’t rented out. I have all three apartments rented out–$700, $700, and $850 per month covers ALL the mortgage, taxes and insurance, and leaves me with $950 income at the end of the month. I am so frusterated and any help on such a lender or your professional suggestions would be … Read More.
