22 episodes

I am dedicated to helping people set themselves up for a future of financial success by making intelligent Real Estate investment decisions today ☆

Real Estate Investing in New York by Christina Kremida‪s‬ Douglas Elliman

    • Investing
    • 4.5 • 8 Ratings

I am dedicated to helping people set themselves up for a future of financial success by making intelligent Real Estate investment decisions today ☆

    Top 5 New York Neighborhoods to Invest in NOW

    Top 5 New York Neighborhoods to Invest in NOW

    Welcome to Episode 21 in my Series REAL ESTATE INVESTING IN NEW YORK!! Please remember to Subscribe, Like and Share this podcast, it is SO appreciated! YOU CAN ALSO WATCH THIS EPISODE ON YOUTUBE Contact me: Email: christina.Kremidas@elliman.com Join me on Instagram In this Episode, I'm discussing the 5 best neighborhoods to invest in in 2021. Whether you are looking to buy an apartment, a private house or even just land, I am breaking down the neighborhoods where you can get the most value for your money. For those of you who want to know my top 5 neighborhoods right now, here they are: Manhattan: - Financial District - Upper East Side Brooklyn: - Windsor Terrace - Greenwood Heights - Sheepshead Bay I would love to what neighborhoods you have your eyes on! I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Agent as you begin the property purchase or sale process, please do not hesitate to reach out to me. Don’t miss Episode 23, where I’ll be sharing the details on what exactly a Mortgage Contingency is, what the new Covid funding provision is and why you should have it in your contract! Discover the value of your home Please subscribe to this channel and turn on notifications (click the bell icon) so you can keep up with the videos I post! Check out my Self Improvement/Lifestyle podcast, NEW YORK & BEYOND Check out my website

    • 17 min
    LEVERAGE THE BANK APPRAISAL For a Winning Offer

    LEVERAGE THE BANK APPRAISAL For a Winning Offer

    Welcome to Episode 21 in my Series REAL ESTATE INVESTING IN NEW YORK!! Please remember to Subscribe, Like and Share this video, it is SO appreciated! YOU CAN ALSO WATCH THIS EPISODE ON YOUTUBE Contact me: Email: christina.Kremidas@elliman.com Join me on Instagram In this Episode, I'm discussing how you can utilize one of the most important parts of the property purchase process, the Bank Appraisal, as a tool to strengthen your offer so you can win the bid on the property of your choice without having to only drive up the asking price when competing against other buyers. Here’s the summary: - An appraisal is done whenever you are getting a mortgage omg a property. It is not done when you’re paying cash. - The appraisal is the bank's assessment of the value of the property. - Quick overview of the bank appraisal implications and how a low appraisal affects your transaction. -4 options that you have if the bank appraisal comes in low. - Why you are much more appealing to a seller if you are financing less. - 3 hacks to craft a much stronger offer by leveraging the appraisal. I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Agent as you begin the property purchase or sale process, please do not hesitate to reach out to me. Don’t miss Episode 22, where I’ll be sharing my top recommended New York neighborhoods to invest in right now. Discover the value of your home Please subscribe to this channel and turn on notifications (click the bell icon) so you can keep up with the videos I post! Check out my other podcast, NEW YORK & BEYOND Check out my website

    • 16 min
    THE LOWBALL OFFER: Should You Do It? How to Shave the Most Money off the Asking Price

    THE LOWBALL OFFER: Should You Do It? How to Shave the Most Money off the Asking Price

    Welcome to Episode 20 in my Series REAL ESTATE INVESTING IN NEW YORK!! Please remember to Subscribe, Like and Share this video, it is SO appreciated! THIS EPISODE IS ALSO ON YOUTUBE Contact me: Email: christina.Kremidas@elliman.com Join me on Instagram In this Episode, we are discussing the Lowball Offer and how it can actually sabotage your entire real estate negotiation! I provide you with both the Purchaser’s and Seller’s point of views when it comes to a negotiation that begins with a lowball offer, and alternative negotiation strategies that will allow you to shave MORE money off the asking price and salvage your transaction. Some of this information I learned during my training to become a Certified Negotiation Expert, and most of the info covered here is from my first-hand negotiation experience. Here’s the summary: An offer far below the asking price actually insults the seller. It’s always best to place an initial offer that is not too far below the price that you actually wish to pay for the property. If you are looking to have $20,000 off the asking price, the best idea is not to begin the negotiation $40,000 under - your initial offer should not be ‘double below’ the amount you’re trying to save. In a real estate transaction, there is a very long road between an agreement on price and the closing date. The purchase process take months, and the beginning stages of the deal, the negotiation, is very much like dating the person on the opposing side. You want to start out on the right foot and show mutual respect. The Seller is going to choose to engage with a buyer that they are most comfortable working with for an extended period of time. Negotiation requires both sides feeling good. Starting out respectfully in a negotiation and acting in a transparent, honest, genuine and ethical fashion will ensure that you can tackle all of the issues that inevitable arise throughout the purchase process. When a seller and a buyer has a difficult relationship, small issues can sabotage an entire deal. Don’t miss Episode 21, where I’ll be sharing how to leverage the Appraisal to strengthen your offer without increasing your bid. Discover the value of your home Please subscribe to this channel and leave a positive review, it is so appreciated! Check out my other series, NEW YORK & BEYOND Check out my website

    • 24 min
    Getting a Mortgage in New York? What You Need to Know

    Getting a Mortgage in New York? What You Need to Know

    Welcome to Episode 19 in my Series REAL ESTATE INVESTING IN NEW YORK!! Please remember to Subscribe and Like this video, it is SO appreciated! THIS SERIES IS ALSO ON YOUTUBE: https://www.youtube.com/watch?v=pIuOMLKhnJ4&feature=youtu.be Contact me: Email: christina.Kremidas@elliman.com Join me on Instagram: https://www.instagram.com/downtownnat... In this Episode, we are discussing everything you need to know about the Mortgage process tor NYC Real Estate. By the end of this episode you will have an understanding of what is required to be approved for a mortgage, the stages of the mortgage process, how the bank analyzes whether your property of interest is a sound investment, and how Covid has affected the process of getting a mortgage. Our guest for this Episode is Michael Goldberg, Senior Loan Officer at Freedom Mortgage. Here is Michael Goldberg’s contact information: Cell: 917-642-1462 Office: 718-621-5626 Website: freedommortgage.com/michael.golberg Email address: Michael.Goldberg@freedommortgage.com Office Locations: 9120 4th Ave Brooklyn NY 11209 1928 Williamsbridge Road Bronx, NY 10461 1150 South Avenue Suite 304-B, Staten Island, NY 10314 Questions that Michael answers in this Episode: ✩ Why it is important to get pre-approved for a mortgage before shopping for apartments ✩ What is required from the Purchaser, and how long it typically takes to obtain a pre-approval letter ✩ The differences between a Pre-Qualification letter, a Pre-Approval Letter, and a Commitment Letter ✩ The main differences between a fixed rate and Adjustable rate mortgage, and when you would choose them ✩ What the process of getting building approval entails ✩ The main differences between a mortgage for a Primary Residence and a mortgage for an Investment apartment that will be rented out ✩ How the mortgage approval process differs for someone who is self-employed vs a W2 employee ✩ Everything you need to know about the the Bank Appraisal, how it effects the mortgage loan approval, and what you can do if your bank appraisal comes in low. Don’t miss Episode 20, where I’ll be talking about the ‘Lowball’ offer and why you should never do it. Discover the value of your home: https://bit.ly/2Z91OLE Thank you guys for being here! Please subscribe so you can keep up with new episodes!

    • 24 min
    What to Know Before You Sign: NYC Real Estate Contracts & Due Diligence

    What to Know Before You Sign: NYC Real Estate Contracts & Due Diligence

    Welcome to Episode 18 in my Series REAL ESTATE INVESTING IN NEW YORK!! THIS EPISODE IS ALSO ON YOUTUBE: https://youtu.be/iiM2vv8A62A Contact me: Email: christina.Kremidas@elliman.com Instagram: https://www.instagram.com/downtownnat... In this Episode, we are discussing the due diligence process tor NYC Real Estate. Key topics include: - The most important things to look for in your contract - The most important building documents to review - How to find out if unexpected building fees lie ahead - Can you really trust an attorney that is recommended to you by your real estate agent? - The new clause that you should have in your contract for added protection in a Covid environment Our guest for the Episode is Real Estate Attorney Milan Reyngach from Reyngach Law. Here is his contact information: Reyngach Law, P.C. Email: mreyngach@reyngachlaw.com Phone: 646-762-8888 Address: 85 Broad Street, 17th Floor, Suite 17-052 New York, NY 10004 Questions that Milan answers in this Episode: ☆ What are the main components of the Due Diligence process? ☆ What are Board Meeting Minutes, and why are they so important to review? ☆ What is a condo/co-op offering plan, and why is it important to review? ☆ What are the most important elements to review in the Offering Plan? ☆ What is a Proprietary Lease, and why is it important to review? ☆ What are House Rules, and why are they important to review? ☆ What are the main things you are looking for when reviewing building financials, and do you have guidelines for what you consider 'good financials' vs. 'bad financials'? ☆What is the Purpose of the Building Questionnaire, and what are the most important questions included in it? ☆ What are the most important elements in a Real Estate Contract of Sale? ☆ The Due Diligence process typically takes 1-2 weeks to complete. What are the main reasons why we might experience a delay in the Due Diligence Process? ☆ How does your Due Diligence process differ for each property type: Condo, Co-op, Private House? ☆ What kinds of issues could result from Due Diligence that was not conducted thoroughly enough? ☆ What is a Title Search, and why is it important? ☆ What types of properties require a title search? ☆ Does a title search cost money? ☆ What do Real Estate attorney fees typically cost? ☆ What are the most important characteristics of a good attorney that should be considered when a Buyer or Seller is deciding who is best to represent them in a transaction? ☆ What is the craziest thing you ever saw in a Real Estate Sales contract? ☆ How has Covid changed the Real Estate Due Diligence process? Don’t miss Episode 19, where I’ll be talking about the Mortgage Process!! Discover the value of your home: https://bit.ly/2Z91OLE Please subscribe to this podcast leave it a positive review - it is SO appreciated! Thank you!

    • 48 min
    Home Inspections in NYC Apartments: Are They Necessary?

    Home Inspections in NYC Apartments: Are They Necessary?

    Welcome to Episode 17 in my Series REAL ESTATE INVESTING IN NEW YORK!! YOU CAN ALSO WATCH ON YOUTUBE: https://www.youtube.com/watch?v=4R-uH1AJEDg&t=963s Contact me: Email: Christina.Kremidas@elliman.com Instagram: https://www.instagram.com/downtownnat... In this Episode, we are discussing everything you need to know about Home Inspections and Building Inspections in New York City. Our guest for the Episode is Peter Panagopoulos, P.E. LEED AP Peter is a Home Inspector and Engineer in New York with a background in Construction. Peter’s company is Pantec Engineering: https://pantec-engineering.com/ Peter’s Cell # is (347) 575-2903 Questions that Peter answers in this Episode: ☆What do you charge for an inspection and what do your typical inspections include? ☆What are the most common issues you find on inspections in NYC buildings? ☆What is a problem that most people may think is not serious that ends up being a costly repair? ☆Are there any issues that come up a lot that worries your clients that usually ends up not being a huge issue? ☆What are you looking for when you access the roof and basement of a building? ☆Do you look for different things in a condo / co-op building than you look for in a private home? ☆Water damage/leaks: when is it a real issue vs. minor issue? ☆How do you spot water damage? ☆Do older buildings have more issues than new buildings? ☆Is there ever a circumstance when doing an inspection is NOT necessary? ☆For someone who is not choosing to have an inspection done, what ☆would you recommend that they look for as a sign of an issue? ☆What is the craziest thing you ever saw on an inspection? Don’t miss Episode 18, where I’ll be talking due diligence!! Discover the value of your home: https://bit.ly/2Z91OLE Please subscribe to this podcast and leave a positive review - it is SO appreciated!! Thank you in advance!

    • 45 min

Customer Reviews

4.5 out of 5
8 Ratings

8 Ratings

DV1962 ,

Thank you!

Thank you so much for your advice! Really knowledgeable and relatable

maddieeeee d ,

A must-listen for all things real estate

As someone who knows absolutely nothing about real estate, this was super helpful and I feel like I have enough information to seriously consider a real estate investment option now. While I originally thought an investment in NYC was unattainable by design, Christina has helped me to understand the basics of investing, and has also given me the confidence that I can succeed!

fjd1962 ,

Makes it simple

Breaks down complicated real estate questions to make it simple. For example, Co-ops never made sense to me. This makes it a lot easier to understand and not so stressful to think about a co-op. Glad I listened.

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