They're not going to add much cost to the permit and you want to make sure everything you do is up to code.

There are attorneys who specialize in this area of law in NYC.

It still is very possible to find properties that meet the 1% rule without much difficulty; but it’s also tougher now to find a mortgage for anything valued under $100k – regardless of condition or P&L.To me, the shenanigans Code Enforcement continues to play on a new owner after a sale plus the recent increase on the annual rental registration fee really discourages buying more in the City.

All the bylaws, building codes and fire codes can be found on the city website.

Using your first property as collateral could help reduce the cash you need upfront, but it’s essential to weigh the risks and it's not really recommended specially if this will be your first.I recommend focusing on building reserves or seeking partnerships to fund flips.

Specially with a new Covid 19 strain found in the UK.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Please discuss this special allegation with your Tax advisors.This post does not create a CPA-Client relationship.

My property is in the Homewood/Vestavia area...35216 area code.

Turns out the guru wants me to pay him $$$ to be my "adviser", and get access to these "special" HELOC's banks that could do this.