Tag Archives: real estate investment

How can I prevent my daughter from wasting money on a new car and go forth purchasing as co-owners on an income property?

Posted January 18 by Team Elliman, Leave a comment

Q:  My daughter is scheduled to finish college this spring. I have $40,000.00 saved that we didn’t use on her tuition. I suggested that we purchase as co-owners an income-producing property. She clearly does not want to either live in and/or assist me in managing the property. However, she does not object to this notion. Question: When she is given the money, how can I avoid her wasting it on a new car and go forth with the co-ownership plan? What’s your advice? Read More.

Our son rents and is now ready to buy. Assuming there’s money for a co-op or condo purchase, which is advisable?

Posted January 5 by Dottie Herman, Leave a comment

Q: Our son rents in Manhattan and is now ready to buy. Assuming there is money for a co-op purchase or a condo purchase, which is advisable? He is looking at co-ops in the neighborhood he wants to live in. We live in NJ, own our own home and are not in the mindset of sharing in a corporation and have no experience with NY real estate. And yes, we are learning that condos are more expensive. We want to learn about co-op vs. condo so we can help him. Thank you for your professional advice. Read More.

I have a commercial/residential property in upstate New York that I want to put on the market. 75% of the property here is owned by non-residents.

Posted November 29 by Jerry Feeney, Leave a comment

Q: I have a commercial/residential property in upstate New York that I want to put on the market. It was built in 1892 as a railroad hotel and boarding house. The location is terrific. 75% of the property here is owned by non-residents, most of them from outside areas. Is this something you may potentially be interested in listing? Read More.

I have the opportunity to buy commercial property. Is this a smart investment?

Posted November 1 by Team Elliman, Leave a comment

Q: I have the opportunity to buy a commercial property that the owner paid $500,000 for in 2007.  The property records show it as assessed at $372,000.  I am willing to offer $495,000 as he will hold the mortgage for 15 years.  I will in turn rent out the space to cover itself and use part of the remaining space for my business.  At this price, is this a smart investment?  I would not plan on selling this space for at least 10 years. Read More.