Featuring real estate articles and information to help real estate buyers and sellers. The Nest features writings from Georges Benoliel and other real estate professionals. Georges is the Co-Founder of NestApple and has been working as an active real estate investor for over a decade.
You are subject to federal and state capital gains taxes when selling a co-op in NYC. You may be able to exclude up to $500,000 of gains under the Section 121 home sale exclusion, provided that specific ownership and use… Read More
If you plan on buying a home in New York, there’s a good chance you’ll be paying a mansion tax, as this tax applies to all homes selling for over $1 million in the state. In 2019, authorities introduced a… Read More
Do you need a limited liability company (LLC) for a rental property in New York City? This blog will analyze the benefits of establishing an LLC in NYC real estate. We will go over the common issues about this ownership… Read More
As a resident or property owner in NYC, you’ve likely noticed that everything is much more expensive than in other parts of the country, especially all the different taxes. So, it’s essential to know about any potential tax benefits you… Read More
Everyone knows how expensive living in New York City and New York State is. It’s one of the most expensive cities in America and the world. So, anyone living there must take advantage of every tax break or exemption. One… Read More
When you first apply for financing during your real estate purchase, you will hear many different terms. Along with the various loan types (ARM, conventional, FHA, VA), you may also listen to whispers about mortgage insurance. If you get mortgage… Read More