Totally legal in NY.  AS

Ned thank you, the info you provided is very accurate in NY as well, I received the same feedback from tax lien servicing company yesterday as well

Hello All, Im currently in contract to purchase a 2 family in Brooklyn, NY  as an investment property.

I live in CA and invest in Syracuse (assuming NY) as well.

Currently I have two rental properties in upstate NY; a 1 family property and a duplex. 

Make sure your lease is solid and applicable to NY. A

I wholesale in Florida and may soon begin to wholesale in NY if it doesn't pose any issues- since I am an agent in NY as well.

There is going to be a lot of this in CT / MA / NY as eviction moratoriums finish up and landlords in these states can begin evictions - most realizing they will never get a dime in back rent.More info: "According to the IRS, if a debt is canceled, forgiven or discharged, you must include the canceled amount in your gross income and pay taxes on that income unless you qualify for an exclusion or exception.

Technically, wholesaling is like "brokering" so a lot of states (not sure on NY, as I stated check with an attorney or ask at some REI club to other NY wholesalers) require wholesaling to have a broker license.Check this site as well. http://www.biggerpockets.com/renewsblog/2015/03/27...I also work with a lot of wholesalers and can ask around.

Hello Everyone,My name is Qusay and I am from New York City and just moved to Buffalo, NY a few months ago.