Topless Women, Brooklyn Bridge, $300K Hot Dog Cart - NYC Fun Facts - Episode 5

I almost perfectly predict the effect a trump administration is going to have on the NYC Real Estate market a year ago.

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Life isn't an excuse not to work - Social Meida Truths - Episode 33 by MikeSchulteNYC

Today we are going to talk about celebrating success.

I had the pleasure today of finding out that one of my listings is now officially in contract. And the commission I’ll receive will be the largest in my career.

And that is great, but you know what, THAT DON’T CHANGE SHIT!

We all too often taken these moments and spend an exorbitant amount of time celebrating, whereas we really need to put our head down and work.

Because the reason you got that success, is work from a long time ago.

When you have these moments, celebrate for a moment, and then get back on the grind.

If you have any questions, please post them in the comments below.

Have a great day!

Today we are going to talk about 3 tricks you can use to find a great deal on a apartment.

These are 3 different things you can do, if you are looking in Manhattan.

1) The rule of thumb is as you get further away from 5th Ave, both on the East and West side, things get cheaper. If you are looking at apartments between 3rd &

5th, the apartment on 2nd will be a lot cheaper. If you are looking on the west side it will get a lot cheaper as you get closer to the water.

2) If you are priced out of a neighborhood, look at the next adjoining neighborhood that might be cheaper. If you are priced out of Chelsea, you probably can afford Midtown West. If you are priced out of Gramercy, you probably can afford the East Village.

3) Think about the amenities you actually need. A lot of people say they want a gym and a roofdeck, but then don't use them once they move in. If you find a building with slightly lesser amenities your rent there will also likely be cheaper

If you have any questions, please post in the comments below.

Have a Great Day!

5 fun facts about NYC - Episode 1

Today we are going to talk about how buying your first home can lead to a real estate empire.

My suggestion to all people looking to buy their first home, is to buy a 2-3 family in secondary or tertiary markets, primarily in the outer boroughs, and Upper Manhattan, and here's how it plays out.

Your rents will help bring down your mortgage payment, almost to the same you a spending now.

The biggest challenge is coming up with the down payment, and yes that's a large chunk of change. But, you can buy things with as little as 3.5% down, even in multi-families.

First, talk to a mortgage broker

Save your money,

get your shit together

& buy.

And now here's why:

Because when you buy a multi-family and the market appreciated in 4-5 year, you can pull some of that equity out and buy another one.

As long as you are covering your costs on what your next acquisition is with the rent roll, you're safe. People worry about overextending themselves, but don't ever take the risk associated with growth.

So, buy your first home, as a multifamily, get some good tenants, and then wait until it appreciates. Once it appreciates, pull some equity out, and buy another multi-family, and do this same thing over and over. And if you do this for 10, 15, 20 years, next thing you know you have 4 of 5 properties.

That's how our parents generation did it, and that the ONLY way without significant amount of wealth, in order to do it yourself

If you have any questions, please as always post them in the comments below.

Have a great day!

Every Minute Counts by MikeSchulteNYC

Being Flexible, has led to an Accepted Offer, totally unexpectedly. Find out how you can use my strategy to find your own success. Social Media Truths - Episode 31