streeteasy

Michael Wallace has the evening's top headlines from the WCBS 880 newsroom... 

Astrid Martinez with the details 

Raunaq Singh is the founder & CEO of Roam, the platform for purchasing a home with an assumable, low-rate mortgage included. Prior to founding Roam, Raunaq spent a decade in various product and operations roles across Uber, Opendoor and Culdesac. He received a Bachelor's degree in Political Economy from NYU and currently resides in New York City.

(2:26) - Lessons from Opendoor & Uber
(5:01) - Roam origin story
(7:36) - Feature: Housing Trust Silicon Valley
(8:48) - Assumable mortgage mechanics
(14:55) - Roam's Business Model
(16:38) - Benefits for mortgage lenders
(18:58) - Roam's homebuyers & sellers
(21:10) - Impact of interest rates on the business
(22:10) - Roam's New Closing Guarantee
(27:54) - Housing market in 2024
(31:59) - Collaboration Superpower: FHA, VA, Zillow, Redfin

💚 Learn more:
➡️ Roam's site
➡️ Raunaq Singh on LinkedIn

💚 Feature:
➡️ Housing Trust Silicon Valley's site - Housing finance & public-private partnerships to create more equitable & affordable communities.

💚 Connect with Tangent:
➡️ Edward Cohen on LinkedIn
➡️ Edward Cohen on X
➡️ Jeff Berman on LinkedIn
➡️ Jeff Berman on X
➡️ Zach Aarons on LinkedIn
➡️ Tangent on LinkedIn
➡️ Tangent on X

Disclaimer: Tangent podcast is for entertainment and informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advise. Nothing contained on our program constitutes a solicitation, recommendation, endorsement, or offer by Tangent, Camber Creek, MetaProp, or any third party guest to buy or sell any securities, public or private, other financial instruments or funds.

Making big moves in 2021? The rental market landscape has definitely changed due to the pandemic, and I believe it’s still very much a renters market in New York City.

Whether you’re a current New Yorker who looked to optimize during Covid’s availability in NYC and upgraded your apartment to get those views you always dreamed about; or move to a new more desirable neighborhood; maybe have more amenities; or need more space, etc., it’s all been possible and it’s only the beginning. 

If your new to the city and/or dreaming of a New York Lifestyle, it’s more than possible!- I’ve gathered some tips throughout my apartment search, which you may find helpful and I’m here to answer any questions you might have. 

I’ve had my finger on the pulse since early on as well as the height of apartment rental vacancies in the city during September/October 2020 and have experienced it firsthand. 

From what’s going on with brokers and fees right now, to the stringent application process, the difference neighborhoods in the city, things only New Yorkers would know about apartments and searches, etc. There is so much more to share that I’ve decided to start an ongoing ‘Spotted’ series on Apartment hunting.

This would not have been possible without the number one source New Yorkers look to find an apartment, StreetEasy.

Please subscribe, rate, and review Gossipnista wherever you listen to podcasts and follow us along on Instagram @GossipnistaPodcast. 

Thank you for your support. 

Xoxo, 
Gossipnista 

Welcome to Episode 19 in my Series REAL ESTATE INVESTING IN NEW YORK!!
Please remember to Subscribe and leave this podcast a positive review, 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!

Anybody who isn't from New York City that has moved here knows that moving is not a fun process. Between (illegal) broker's fees to how fast the market moves, going into your apartment hunt unprepared is rookie mistake #1—so we're breaking down the process for you. Here is NYC Apartment Hunting for Dummies.

Listen on to discover what you should consider before your apartment search (03:50), realistic expectations for apartments on a budget (05:45), using the internet to search for apartments (12:30), working directly with a broker (14:18), guarantors (18:00), and lease signing documentation (22:22).

Feel free to DM us on Instagram @rookiesintherealworld if you have any questions or concerns about the move, follow guest Blau @blauramos, and host Lauren @laurenlapid.jpeg.

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If you liked this episode or found it helpful, please give us 5 stars on Apple Podcasts and leave us a review! We love hearing from you!
https://podcasts.apple.com/us/podcast/rookies-in-the-real-world/id1502613463

Have any questions, comments, want to be a guest, or know somebody that would be a great guest on the show? We'd love to hear from you! Email us at rookiesintherealworld@gmail.com.

New York-based next generation real estate technology and brokerage firm NestApple (www.nestapple.com) is offering home buyers the opportunity to earn a 2% rebate check of the sale price.

NestApple founders, Georges and Nicole Fishman Benoliel are long-time real estate investors in New York City. After going through the lengthy and costly process several times, they grew increasingly uneasy about the outdated system. While most segments of the economy have evolved due to innovation, real estate still operates in an antiquated manner which dates back from the 1980s. While websites like Streeteasy or Trulia make it easier than ever to search for homes and find comps, nothing has changed in the way people buy and sell real estate.

In an increasingly transparent market, there is less value in what traditional brokers offer. “The market has never been so transparent”, says Georges Benoliel, “all the information is available online, two clicks are all it takes to know what your neighbor paid for his apartment or whether he took a mortgage”. “The role of realtors needs to evolve and adapt” adds Nicole. While searching for ways to bypass the system, Georges and Nicole stumbled upon the concept of commission rebates which are legal in 40 States according to the Department of Justice and have in fact been publicly encouraged by New York’s Attorney General.

Real estate fees are too high

Real estate fees in the U.S. and New York especially are considerably higher than in Europe and represent 5 to 6% of the sale price. This percentage is then split evenly between the seller’s agent and the buyer’s agent (2.5% to 3% for each), if not, seller’s agent receives the entire commission. NestApple is listening to the market. While some brokers sometimes give small discounts, a vast majority of them will not decrease their commission structure. NestApple pays back 2% to the buyer at closing which averages $22,000.

Email Georges at: info@nestapple.com
Connect with Georges on LinkedIn: https://www.linkedin.com/in/georges-benoliel-01b324/
Follow NestApple on Twitter: https://twitter.com/nestappleRE
Check out NestApple online: http://www.nestapple.com

So after years of watching Gossip Girl, Sexy in the City, and How I Met Your Mother, you've decided that it's time. You want to move to New York City. 

Let’s talk about the process—the good, bad, and ugly—that comes after you say yes and make your move.

Today, we’re going to chat with Kristina Rivera, another fresh New Yorker, about why we wanted to move to New York City and the logistical nightmare that ensued after! We'll cover our moves, mistakes, and experiences to help you have a smoother move than we did. From pre-move tips (07:00)—maybe don't tell your friends they're helping you move into the 6th floor of a walk-up—to our post-move blunders (13:00)—ALWAYS DOUBLECHECK YOU HAVE YOUR DETERGENT BEFORE LEAVING FOR THE LAUNDROMAT!!—we've got your back.

You can follow Kristina on Instagram at @krivera__ and host Lauren at @laurenlapid.jpeg. Be sure to follow us too, @rookiesintherealworld.

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If you liked this episode, please leave us a review on Apple Podcasts:
https://podcasts.apple.com/us/podcast/rookies-in-the-real-world/id1502613463

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Have any questions, comments, want to be a guest, or know somebody that would be a great guest on the show? We love hearing from you! Email us at rookiesintherealworld@gmail.com.