AboutReza Ardebili Expertise I am a Real Estate Broker. I own my own properties, and I build many 3 family homes.
I can answer all aspects of purchasing/selling/researching on real estate in NY.
I specialize in 2/3 families in NYC (5 boroughs). I can also help you through the process.
BROOKLYN, MANHATTAN, BRONX, QUEENS’s properties in which you can build equity and your rental income pays for your mortgage is a very good idea. Most properties I sell/build are in this category.
Hope I can be of help.
Experience I have been in this field for 8 years now. New Construction, and finding investment properties are 2 of my specialties.
Organizations I own my own real estate company. I am a Realtor. MLS member.
Education/Credentials I am a Rutgers University Graduate. I recieved a B.A. in CIS. Minor in bussiness.
Awards and Honors Just many thanks from the families I helped. That is enough award for me.
Expert: Reza Ardebili Date: 1/6/2008 Subject: Condo Sale
Question Good day! I looked at a Condo yesterday in Central Islip, NY for 1 bed / 1 bath at 138,000. There last sale last month for the same unti sold for 153,000. Here is the issue: I KNOW with in 3 - 5 years I would have to sell this unit to move, to get a 2 bedroom. At this time I coudl NOT afford a 2 bedroom in that area. I am very afraid with the market, that I will buy this now, and not be able to sell for what I bought later. What do you think? THANK YOU!
Jade
Answer I wish i could tell you the future, I would make millions.
I give you a General Idea about real estate. As long as there are demand, there will be need of space. It's a tangible thing, that is there, and is yours. It doesn't go anywhere, no one takes it away from you, and it only have potentials to go up, or stay in one place. The history doesn't show a huge lost.
Worse case scenario, you will have to rent your condo until it's a good time to sell, and move on to another property, when it's a great time to sell, you will be happy you bought it.
If you wait, you will never get into the REAL ESTATE GAME, and you will get old, and old, and old, and wonder how much that condo could have cost now!
so Please in these situations don't be scared. As long as you can afford it buy it, and make sure there is enough saving there to help you in hard times.
If you end up renting it, and your mortgage is 1500$ and you get a 1200$ rent, then make up the 300$. This is like putting it in a SAVING BANK which will, WILL give you a good return when the market is high.
