Could someone please explain the mortgage interest limitations in the case of a NYC Co-Op owner?
For example:
Co-op has 100 units and an outstanding underlying mortgage of $20,000,000 ($200,000 per unit allocated). ...

HI GUYS I HAVE GREAT NEWS I JUST PASSED MY REAL ESTATE TEST IN NEW YORK. IM SO EXCITED FOR THAT NEW JOURNEY, I HAVE 3 MORE LICENSES LEFT AND BUY MY 1ST PROPERTY NEW YEAR. 

Hi All,I am looking at a deal currently on a $72,000 property, where the loan amount would be $57,600 (20%).Everything looks good and the rate from the lender is 4.75%, which works well for me.The closing costs are st...

What’s the process of getting PMI removed if I now have 20% in equity? Who I contact first?

Hi guys,i understand clearing a tax deed title may be tricky,wondering what happens if a property owner or an heir disputes the quiet title process? Does the county refunds the investor? Does he lose the Investment? t...

I am being told by an attorney that because of the Mortgage Licensing Act of 2008 I cannot get a seller to hold the paper. I do not understand because I hear of people doing this.

Hello beautiful people of BP,So, I'm no CPA, but it would seem that if I do not apply my original down payment on a property towards the new purchase, it would not be taxable as it wasn't actually a gain. So if I orig...

Hey everyone - I am working on a model and looking for some metrics related to new construction cost in the Reading, PA area.  Appreciate anyone's thoughts or recent data on this.  - Andy

G'Day everyone,It's your favorite Aussie here again and The Real Estate Dingo.Not too long ago I posted about a property that I lost $25,000 of my hard earned CASH - Ka Ching Ka Ching $$$Click on the throwback link as...

Recently I had a seller send me an Assignment of Mortgage (NJ) without an attachment or any reference to a legal description.In my experience, I've always seen AOMs refer to "Exhibit A," which contains the full legal ...