Realestate: Is now the right time to buy?
March 8, 2010 - 5:19 pm
I am intesrestingin purchasing a 5 family building with a store front in Long Island City, NY. Everyone is telling me now is not the right time. What do you think? This building is for investment and the rent roll for each apt is $1500-$1800 a month. Long Island City has been an up and coming neighborhood in Queens for the past couple of years. I
It is a great time to buy….
Make sure you have 20% down, and know that you will have a tax, and insurance payments….
Good luck
March 8th, 2010 at 10:51 pm
It is a great time to buy….
Make sure you have 20% down, and know that you will have a tax, and insurance payments….
Good luck
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March 8th, 2010 at 11:24 pm
In our area prices are low- it is a buyers market.
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March 8th, 2010 at 11:44 pm
It is a good time to buy. Rates are still low and we are in a buyer’s market, so you have some negotiating leverage.
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PA agent.
March 9th, 2010 at 12:23 am
Interest rates are probably not getting any lower, buy, buy, buy before it is too late!!!!!!!!!!!!!
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