We are going into contract on a four family in a nice part of carroll gardens that needs a ton of work. The architect and contractors we've talked with have all said that the mechanical and cosmetic updates that this will need are pretty standard for any house in the area that is not recently done (and selling for over 2MM). The costs quoted have been from 150k to 450k but I think that with hands on management of the project and lightening up on the high end stuff, we will do it for under 250 and hopefully much less. We'll probably also have to skip out on some non-essentials at first, like the facade and garden. So essentially, we are in your boat and i don't know if that makes you feel better or not but that seemed to be what you were asking. To everyone else, while it is fascinating (not) to hear about your frugal sensibility and.or view of the American lifestyle, perhaps you could post those in response to people who actually asked for that information. Cheers.

Posted by: Colonel at March 16, 2008 11:24 PM in response to Do brownstones usually need renovation?

Speaking of a good GC, has anyone worked with Mike Denaro? We met him recently and he seems great and honest but would love real input. Thanks.

Posted by: Colonel at March 16, 2008 11:30 PM in response to Cost for electric and plumbing upgrades

Really great looking work, I love the color you got out of the wood.

Posted by: Colonel at March 17, 2008 12:09 PM in response to Sanderson Files: First Finish Coat in the Kitchen, Sanding in the Hallway

Nicole McCarthy at Trachtman & Bach, she is nice, honest and incredibly responsive. She also found us a rate that most people I tell can't believe exists on a jumbo multifamily.

Nicole Crete-McCarthy

Mortgage Consultant

Trachtman & Bach, Inc.

646-228-7820

Nicolem@tbmortgage.com

Posted by: Colonel at April 15, 2008 11:54 AM in response to mortgage broker ?

We just got a 7/1 jumbo ARM on a 3 family at 5.5%, the letter came in yesterday. The mortgage amount limit is 1MM though, so we had to put down a bit more than 25%, for our purchase price. Whatever your purchase is, if a loan amount of 1MM works for you and your credit is good, you should be able to get it. Nicole McCarthey at Trachtman and Bach is our contact and has been great, offering lots of options.

Posted by: Colonel at April 15, 2008 1:15 PM in response to Jumbo Mortgage Rates...

We just got a 7/1 jumbo ARM on a 3 family at 5.5%, the letter came in yesterday. The mortgage amount limit is 1MM though, so we had to put down a bit more than 25%, for our purchase price. Whatever your purchase is, if a loan amount of 1MM works for you and your credit is good, you should be able to get it. Nicole McCarthey at Trachtman and Bach is our contact and has been great, offering lots of options.

Posted by: Colonel at April 15, 2008 1:16 PM in response to Jumbo Mortgage Rates...

you are nuts to be buying right now. prices are going to come WAY down.

Posted by: guest at March 17, 2008 11:20 AM in response to Do brownstones usually need renovation?

We just got a 7/1 jumbo ARM on a 3 family at 5.5%, the letter came in yesterday. The mortgage amount limit is 1MM though, so we had to put down a bit more than 25%, for our purchase price. Whatever your purchase is, if a loan amount of 1MM works for you and your credit is good, you should be able to get it. Nicole McCarthey at Trachtman and Bach is our contact and has been great, offering lots of options.

Posted by: Colonel at April 15, 2008 1:16 PM in response to Jumbo Mortgage Rates...

I recommend Hymie Serure at Trachtman and Bach to everyone. He is responsive, honest, and got us the best rate. He was a pleasure to work with. There are so many people involved in a home purchase -- RE agents, inspectors, lawyers, contractors, etc -- and I found that very few of the "professionals" we engaged to help us were easy to work with. Hymie was a pleasant exception. 917/626-2062

Posted by: lizpic at April 15, 2008 1:25 PM in response to mortgage broker ?

New Fannie/Freddie limits theoretically apply to mutifamily homes, but no bank is obligated to offer loans at those rates. Sorry.

Posted by: guest at April 16, 2008 1:36 PM in response to Jumbo Mortgage Rates...

Just called a guy who I saw post on here and people have written about Brian Scott Cohen from Wells 6.625 30yr fixed Jumbo it is real we have the cmmitment, seriously this guy does not play around...call him 718 780 9132 tell him robin and george said he is the best

Posted by: guest at May 1, 2008 11:45 PM in response to Jumbo Mortgage Rates...

Just called a guy who I saw post on here and people have written about Brian Scott Cohen from Wells 6.625 30yr fixed Jumbo it is real we have the cmmitment, seriously this guy does not play around...call him 718 780 9132 tell him robin and george said he is the best

Posted by: guest at May 1, 2008 11:45 PM in response to Jumbo Mortgage Rates...

Go direct to the bank get a commitment in 24hrs from Brian Cohen in the Brooklyn office of Wells Fargo 718 780 9132 cell 646 584 8009

Posted by: guest at May 1, 2008 11:59 PM in response to mortgage broker ?

Go direct to the bank get a commitment in 24hrs from Brian Cohen in the Brooklyn office of Wells Fargo 718 780 9132 cell 646 584 8009

Posted by: guest at May 2, 2008 12:00 AM in response to mortgage broker ?

I can pre approve you.
call me at 248-933-9398
Bambi
Cell 248 933 -9398

No Surprises at Close!
Bambi Lynn Chick Offers Confidential, Convenient and Personal service to her clients.

She has an extensive background in all types of Mortgages, including FHA and REVERSE Mortgages. She brings with her the enthusiasm and attention to customer service that makes her very successful in her profession. Bambi understands the importance of a good relationship between herself and her clients. She realizes that comfort fosters trust which makes the mortgage financing process a most positive experience.
As a single mother of three grown daughters and six grandchildren, she understands the importance of time management and flexibility. Bambi is available to help you with your mortgage needs at any time that best suits you. She is diligent in getting the job done in a timely manner. She works mainly on referrals and has unlimited references from her customers and Real Estate Agents. Her Motto: No Surprises at the closing table


Bambi Lynn Chick
Mortgage Specialist
Cell 248-933-9398
Hometowne Lending
104 S. WASHINGTON
OXFORD, MI 48371
248-969-9000 ext. 104
FAX 248-969-9001

Posted by: guest at May 13, 2008 7:16 PM in response to mortgage broker ?