What’s a Flip Tax?

What’s a Flip Tax? If you’re an apartment owner, you’ve probably heard of the dreaded “flip tax.” If you’re a buyer, the term may have never even crossed your mind. But regardless of which camp you fall into, it’s something you need to know about. First, a flip tax is not actually “tax” – it’s…

Why You Shouldn’t Be Afraid of Co-ops

Why You Shouldn’t Be Afraid of Co-ops You’ve probably heard all kinds of stories about purchasing in a co-op in New York City, some of which are probably a little scary. Admittedly, the process can be quite intense. But if you’re looking for an apartment as your primary residence, you shouldn’t cut co-ops from your…

8 Tips to Help You Save Up for a Down Payment

8 Tips to Help You Save Up for a Down Payment By far, the biggest hurdle to purchasing a home in NYC for most people is the down payment. In many instances, it can be a six figure undertaking. That’s a tough feat to accomplish, but it’s certainly not impossible, especially if you follow some of…