23 September 2019 | 13 replies
You are not FORCED to buy a rent regulated building.I am a Brooklyn, NYC Property Investor with a portfolio of 10 small non-regulated multi-family buildings.It should be obvious that if you compare a rent regulated building to an equivalent non-regulated building, the latter is much more valuable.What REALLY BOTHERs me is the large amount of unscrupulous Investors that buy rent regulated buildings for CHEAP but then illegally treat it as non-regulated.This is NOT FAIR to those of use who pay the very large price difference to have non-regulated buildings.I am in FAVOR of forcing those Investors who purposely break the law to enrich themselves by paying for a rent regulated building but yet reap the benefit by charging market rents illegally.These criminal investors should not be competing against my much more expensive real estate.Typically, a building such as my 4 Family non-regulated building will be about twice as much as an equivalent 10 unit regulated building.
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22 June 2019 | 7 replies
They are full of kangaroo courts that favor the tenants
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20 June 2019 | 33 replies
Would you happen to have some articles or links you could provide in this discussion that you personally favor?
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20 June 2019 | 11 replies
It would allow the landlord to obtain an order of possession immediately after the court decides an eviction case in favor of the landlord, instead of having to wait 10 days to allow the tenant to appeal.The order of possession would then be served on the tenant, and the eviction could take place on the 12th day after being served, unless an appeal is filed within 10 days after the court decision.
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20 August 2019 | 98 replies
It’s a different beast than residential but fortune favors the bold.
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21 June 2019 | 10 replies
You can go portfolio with an LLC, but rates won’t be as favorable.
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20 June 2019 | 6 replies
The IRA purchases property, pays for the expenses, and receives the income in a tax-sheltered fashion.
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20 June 2019 | 12 replies
Numbers look really favorable based on your calculations!
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5 August 2019 | 24 replies
Sounds like she knows how the system works in her favor as a tenant and will take advantage of you as much as she can..
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22 October 2019 | 7 replies
Read Every-Landlords-Property-Protection-Guide before deciding for more advanced asset protection structures.With an LLC you'll likely have to get a commercial loan - meaning you'll loose one of the main advantages of house hacking, the very favorable financing options in personal name.