David Shorenstein

David Shorenstein discusses his current real estate endeavors with Allon Avgi

If you own your house, you can decorate it in whatever motif you want. However, if you think you might sell your home in the future, you may want to hold off before you install that $10,000 outdoor grill or spend $20,000 redecorating your bedroom. When you are selling, there are smart reasons why you should avoid particular renovations or upgrades. Here are some things a real estate agent would not do to your house that you might do.
Spending Too Much on Upgrades
Real estate agents often caut...

Rental properties sound like a great idea, and many people have probably had the idea recommended to them when discussing investments. While there are many positives to investing in rental properties, sometimes the negative parts will overshadow the rest. Listed below are four reasons rental properties might not be a good investment.
A lack of cash flow
When you invest in a property, you have a mortgage to pay on that property. Not only that, but you also have insurance, maintenance fees, and...

As COVID-19 sweeps through America’s major metropolitan centers, commercial real estate companies are required to adapt to quickly changing times. Commercial real estate agents in New York City, the current hub of coronavirus pandemic in the United States, have worked through government-imposed social quarantines by temporarily pausing showings and tours of properties. Commercial property managers have also been busy working with current tenants to renegotiate terms of leases and rent to help...

When it comes to investing, there are times when you may reach the point where you’re too far beyond your financial capabilities. If this is you, the answer to your problem may lie in real estate syndication.
What Is Real Estate Syndication?
Real estate syndication is also referred to as property syndication. It is a type of partnership that involves multiple investors pooling their resources to purchase a property or multiple properties.
Generally, two roles are being played in the syndicati...

These days, people interested in real estate may wonder how to stand out from the millions already in the business. The good thing that they need to know is that there are several ways to achieve their objectives. The following are some actions you should take to excel in the competitive sector:
Find the Right Networking Avenues
For your business to grow, you should attend networking events where you’ll meet the right people to enable you to meet your goal. Anytime you go to an event, you aim...

Since Labor Day, the real estate market in New York City has seen dramatic surges, suggesting this will be one the busiest seasons the market has seen in a few years. There have been 30% more properties hitting the market this fall than has been the average in the autumn months of past years. In specific numbers, 723 homes were listed this fall compared to the 599 homes to hit the market this same time last year. On average, the number of homes to be listed during the fall months from 2016 th...

Buying a foreclosed home is a gamble. On the upside, you might get a home at a tremendously reduced price. A bank or mortgage lender would be looking to get out of a property and will let it go at a relatively low rate. That means you can scoop it up well below market value and potentially own the property and live there, or fix it up and flip it for massive profit potential.

Living in the borough of Manhattan is a dream for millions of people. Whether they do it for part of their lives or live there forever, there is a certain status that comes with living in Manhattan that is unparalleled across the nation, or even around the world. Living in any of the other boroughs also has a level of prestige that comes with it, but nothing carries the “wow” factor quite like Manhattan.

Homeownership is the American dream for many. It’s even better when it has all the amenities you’re looking for at a price you can afford. Of course, it may not be all sunshine and rainbows. What if your home is in a flood zone? A flood zone in New York City suffered the effects of Hurricane Sandy back in 2012—knowing what to do if you move into a New York City flood zone is a vital part of city homeownership. Here’s what you need to know about homeownership in a New York City flood zone cour...

Now is the time to take advantage of a seller’s market if you’re thinking of selling a home. Demand is high, interest rates are low, and supply is short, so there’s no time like the present.
With such a hot market, it may not feel necessary to pour resources into a real estate photographer to showcase a property. But selling a house is all about drumming up interest to get buyers through the door, and poor pictures may limit interest.
Today’s technology lends itself heavily to those who best ...

An ATTOM Data Solutions for 2020 shows that it is more affordable to own a three-bedroom house at a median price than renting one in about two-thirds of the United States. Although median home prices increased rapidly than the average wages and average rent, being a homeowner was more affordable in more than half of counties in 2019. More people are moving into the suburbs because of the pandemic, causing increased home prices and slack in rents across the country. Besides the price tag, deci...