@Guy Levy Hello Guy, I have a very basic call script for my cold callers.

Levi

Originally posted by @Levi Bennett:Well I have one client that definitely want to buy multi-family.

I dont know about NY however Vik might have a lot of equity that has "opportunity costs," he will have to forfeit if he does not sell so its a balance and each persons scenario may differ.To sell a property in NY is there any misc transfer/stamp/excise tax on the gross sales price of the real estate or other charge beyond the normal commissions/attorney/escrow/title fees?

There is currently a special assessment balance of $3,200 that says in the purchase addendum that the "buyer assumes all special assessment levies."

If int rate is over 10%, the loan must be negotiated and arranged by a licensed broker to protect the lender from usury laws.The broker can not just be a figure head (I gather he is, from your post), he must negotiate the transaction.You might want to stay at or below 10% .Amir Levi

Amir Levi I think Joshua Dorkin wants to direct this type of post over to Marketplace.

I had to pay all closing costs including excise tax.

@Levi I know this is an old post but it's relevant to what I'm trying to do.

In Maryland, each property owner is levied a property tax by the state and by their county (or city, in the case of Baltimore City).