fbpx
Quick Search
Let 'er rip! or add more search options

, clear all

Let 'er rip!
clear all
love_brooklyn

Contingent Offers vs. All Cash Offers: Which is Better?

Sep 05, 2023 ,,,,,,,,

In the competitive New York City real estate market, sellers often assume that all-cash offers are the safest choice. However, there are situations where mortgage contingent offers may be less risky and even more attractive in the long run. As cash offers surge in popularity, it’s essential for sellers to carefully review potential buyers’ financials […]

Read more

What is a REBNY Financial Statement and Why is it Important?

Sep 05, 2023 ,,,,,,,,,

When buying a co-op apartment in NYC, the REBNY Financial Statement is a crucial document that sellers and listing agents use to assess the financial strength of potential buyers. This ‘balance sheet’ summarizes a buyer’s assets, liabilities, monthly income, and projected expenses. It helps determine if the buyer meets the co-op’s strict financial requirements during […]

Read more

5 Tips for Dealing with Your Neighbors’ Odors in Your Apartment

Sep 05, 2023 ,,,,,,,,

Unwanted odors from neighboring apartments can be an irritating problem for many apartment dwellers. Whether it’s cigarette smoke, incense, or cooking smells, finding ways to block out these odors can significantly improve your living environment. While it’s challenging to eliminate such odors completely, there are several steps you can take to mitigate the issue and […]

Read more

Understanding Land Lease Buildings in NYC: Risks, Opportunities, and Due Diligence

Jul 06, 2023 ,,,,,

Land lease buildings in New York City offer unique opportunities for savvy buyers, as they typically trade at a discounted price due to the uncertainties associated with lease renewals. Understanding the implications when a land lease expires is crucial for buyers, and working with an experienced buyer’s agent can provide valuable insights into this matter. […]

Read more

Effective Tile and Grout Cleaning: Tips and Techniques

Jul 06, 2023 ,,,,,,

Cleaning tile and grout in your home can be challenging, as the best approach will depend on various factors, such as the type of stain and grout material. However, with proper identification and targeted cleaning methods, you can effectively restore the cleanliness of your bathroom walls without causing any damage. In cleaning tile and grout, […]

Read more

Streamlining Real Estate Closings in New York State

Jul 06, 2023 ,,,,,,,

Real estate transactions in certain parts of New York State often encounter hurdles that impede smooth closings. Unlike many other states where real estate agents take the lead in handling transactions, negotiations in New York are primarily managed by attorneys who prepare contracts. This difference in approach often elongates the closing process, which typically lasts […]

Read more

Water Damage in Your Brooklyn Apartment or Home: Essential Steps for Recovery

Jun 06, 2023 ,,,,,,,,

Water damage in your apartment can be a stressful and overwhelming experience. Brooklyn residents, in particular, are no strangers to the challenges posed by flooding and water damage. As climate change intensifies storms and increases the frequency, water-related issues have become more prevalent. Whether it’s a burst pipe, a leaking roof, or another cause, dealing […]

Read more

Two Birds, One Stone:  Leveraging Tax Benefits By Using Cost Segregation to Immediately Write-Off All Impaired Assets

May 11, 2023 ,,,,,

By Eli Loebenberg, CPA, CEO, Madison SPECS Over the last several years, the use of cost segregation studies as a means of lowering income taxes has gone from being a niche practice utilized by the savviest of real estate investors to an almost standard part of purchasing commercial real estate properties, whenever applicable.  This has […]

Read more

Guidelines to Property Improvements Provide Tax Deferral Strategies

May 11, 2023 ,,,,,

By: Eli Loebenberg, CPA, CEO, Madison SPECS   A key component of any commercial lease agreement is the tenant improvements and allowances, which are provided by the landlord.  The landlord usually provides customized alterations to a rental space in order to configure the property for the needs of that particular tenant. The costs of building […]

Read more

Delaware Statutory Trusts for §1031 Exchange Replacement Property

May 11, 2023 ,,,,,

By Barry Neustadt, CPA, Tax Director, Madison 1031 Madison §1031’s exchange clients are often challenged face to find a suitable Replacement Property within the tight 45-day identification period.  We hear about cap rate compression from nearly every investor.  Then, when they find a property, they still need to negotiate an acceptable price and complete their […]

Read more

Download our Buying Into Brooklyn E-Book!

Get the Ebook!
X