A real estate investment trust (REIT) is an entity that owns and operates income-producing real estate properties like offices, malls, hotels, self-storage facilities, and apartments. Reliable REITS have a proven record of paying dividends to investors, who appreciate the income without the responsibility and stress of managing a property.   REITs originated in…

New York City residents are accustomed to paying high income taxes, with a combined city and state tax rate of 10.4 percent for a single person who makes $22,000. Additionally, high real estate prices and rental taxes give life in the Big Apple a high price tag. To counter these…

With more than 250 neighborhoods to choose from, New York City offers something for everyone. Given the plethora of options and online resources, buyers might consider navigating the process without a buyer’s agent. Experienced homebuyers may be reluctant to work exclusively with one broker, while first-time buyers may be anxious…

With a median rent exceeding $3,000 a month, New York City is one of the world’s most expensive real estate markets. Since 2020, the pandemic has slowed 10 years of unrestrained rent growth. At the same time, high unemployment has contributed to higher vacancy rates, as many New Yorkers have…

A multifamily real estate investment can provide cash flow and contribute to a strong, diversified portfolio. But how do you go about identifying a good investment opportunity? What makes one property a better investment than another?   Research, research, research  To choose the right multifamily investment opportunity, begin by conducting thorough…

A value-add property refers to any property an investor buys or sells where the value increases substantially with improvements. Investors who pursue value-add opportunities aim to improve the asset’s cash flow by making renovations, rebranding, adding amenities, or improving operational efficiency.   Typically, investors interested in value-add real estate look for…

Finding a home in New York City can be a daunting task. With five boroughs, more than 250 neighborhoods, and 8.5 million people, the city offers something for everyone. To narrow your search for a neighborhood that best fits your budget and lifestyle, you’ll first need to choose a borough.  …

Whether you plan to live in your home for decades or resell in a few years, it makes sense to make the renovation choices that will have maximum impact. Many improvements will add lasting resale value to your property while making the home more comfortable and attractive when you’re still…

Possessing some of the most expensive real estate in the world, New York City has a robust housing market. If you’re ready to buy a home, you will notice that most New York City apartments fall under the category of co-ops and condos. Consider this a comprehensive guide to the…