Tag Archives: buying
Q: I am thinking of closing an old credit card that I never use will this hurt my credit? I am planning on buying a property and don’t want my score to drop. Read More.
Is it true that a sponsor unit in a co-op building doesn’t fall under the building’s subleasing rule and can be a good investment property?
Q: Is it true that a sponsor unit in a co-op building doesn’t fall under the building’s subleasing rule and can be a good investment property? Thanks. Read More.
Q: I was thinking about applying for a credit card that would give me more points and rewards for all the money I charge. What should I consider before doing this in regard to my credit scores? Read More.
Q: Do you have properties where the owner pays your service fee? Read More.
Q: I have about $85,000 I’m willing to put down on an apartment, great credit, and make $275,000 a year. I’m thinking about buying, but also considering waiting a year to get another bonus and taking the down payment to $150,000 or so. Any advice? Read More.
Q: What do we need to know about renting or buying in co-op? Versus a condo? A. Subletting in co-ops is generally discouraged. Co-ops that do permit subletting often limit the lease terms and will ask the prospective tenant to submit a lease application, which requires full financial disclosure, references, rental history and often a personal interview. Condo leasing, on the other hand, is an accepted part of the condo’s policies and procedures. While the process does require financial disclosure, there is no personal interview. There are application fees with both types of properties, as well as other associated fees such as credit check fees, move-in and move-out fees, and so on. Often, in both co-ops and condos, certain policies, like permitting pets, apply to purchasers only, and do not apply to renters. It is best to check each rental … Read More.
How can I prevent my daughter from wasting money on a new car and go forth purchasing as co-owners on an income property?
Q: My daughter is scheduled to finish college this spring. I have $40,000.00 saved that we didn’t use on her tuition. I suggested that we purchase as co-owners an income-producing property. She clearly does not want to either live in and/or assist me in managing the property. However, she does not object to this notion. Question: When she is given the money, how can I avoid her wasting it on a new car and go forth with the co-ownership plan? What’s your advice? Read More.
Q: I have been thinking about buying a property in the next few years and I heard it is bad for your credit score to close credit cards. Is this true and why? Read More.
Q: Two questions: How do I go about getting email alerts for new Elliman listings for prewar apartments in Manhattan of more than 2,000 sq ft? Second question: Is there an expert at Elliman that could recommend loft architects? Interested in innovative “movable walls” or ways to partition without destroying the open feel of a loft. Read More.
Q: What is a co-op? And, as a British person residing in the UK, what are my options with regards to purchasing a property because I notice that co-ops have buying restrictions. Read More.