To some individuals, the idea of buying a home in distress is a turn-off of sorts; however, the truth is, there are some real hidden treasures marked with the signs of "Foreclosure" or "Short sale," and many buyers do themselves a disservice by writing off these opportunities before giving them any thoughtful consideration. Yet some have caught on to the great advantages that lurk around the...Read More
During the recession, construction in New York State slowed down tremendously and there was no known end in sight. However, finally, signs of light are starting to shine through on the construction loan market and are breathing new life into the industry.
Not only has lending for multifamily rental buildings, with its steady income flow, been popular for the last 12 to 18 months, but...Read More
As a result of a statewide crack-down of abuse, if you currently receive the Basic STAR Exemption, you will need to reapply for the exemption by December 31, 2013 to continue receiving the tax break. An audit conducted in 2010 and 2011 revealed that many homeowners were abusing the program through misrepresentations on STAR applications, often seeking exemptions on multiple properties both in...Read More
At the heart of investment real estate is often times the lease. Well-crafted lease agreements can create value for both landlords and tenants, and poorly designed agreements can do just the opposite. Be as careful and thorough as possible when negotiating this real estate contract, because it is exactly that, a contract. Those who fall into bad times or those who do not protect...Read More