Monthly Archives: July 2024
How Do the Landlords of Rent-Regulated Apartments Make Money?
The conventional wisdom is that being a landlord is an easy source of passive income, from garden variety personal finance advice that encourages you to rent out your old house when you move into a new one to aspirational entrepreneurship content about building a real estate empire. Whether you are responsible for one apartment… Read More »
What Are Mortgage Loans Made Of?
Did you know that, when buying a house, you can save a lot of money by working with a real estate lawyer instead of a real estate agent? A recent lawsuit settlement involving the National Association of Realtors shows just how badly the system of real estate transactions is rigged against consumers. Buying a… Read More »
Are This Year’s Home Purchase Tax Credits Enough to Make Home Ownership Affordable in New York?
New York City has always been notoriously expensive. In the 1990s, you could buy a corned beef sandwich for just over four dollars at a New York style deli in the suburbs of Miami, and it would come with a plate of French fries fresh out of the fryer, plus never-ending half dill pickles… Read More »
Real Estate Purchases by LLCs
While commuting to work on the subway, you may have once passed the time by reading a longform news story about one or another shady character who managed to conceal his money laundering, his extramarital affairs, or worse by titling much of his property, including real estate properties, in the names of limited liability… Read More »
The Role of Short-Term Real Estate Loans in Today’s Real Estate Market
If you own a house, you probably think you know how the real estate world works. You gather enough money to place a down payment and keep up with your bills so that your credit score is high enough for you to qualify for a home mortgage, and then you make an offer to… Read More »