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How to Buy a Flat in NYC

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Flats are divided by three ownership categories in NYC: condos (condominiums), co-ops (cooperatives) and condops. International buyers can not purchase cooperatives because co-ops require full financial disclosure including previous U.S tax return. For investment purposes, a condo is recommended because of higher appreciation potential and … [Read more...] about How to Buy a Flat in NYC

Real Estate 1031 Exchange in New York

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If you own an investment property and you are looking to sell that property and use the proceeds to invest in another, then you maybe able to defer any capital gains on the sale of the original property. This process is called a 1031 Exchange. You don't have to pay capital gains taxes on the sale of property if you plan to identify a replacement … [Read more...] about Real Estate 1031 Exchange in New York

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