Making smart financial decisions is important in the ownership of a commercial property, and you can enjoy the increase of its value for years to come.
By Equity Smart Realty Owning an investment residential property will allow you to earn rental income, which helps increase the property’s equity. Owning a commercial property allows for rental income, an increase in equity and oftentimes an opportunity to earn from business ventures. Commercial properties can have mixed uses. A building with office space can […]
As a buyer or seller, you should know who to call to manage each aspect of the transaction.
By Equity Smart Realty Before you buy, sell or invest in real estate, know your role and know your goal. There are multiple participants in a typical real estate transaction: the buyer, seller, their respective attorneys, and the title company. Many homeowners seek the assistance of a real estate broker to negotiate the sales price […]
Some facts to keep in mind when you sell your home.
By Equity Smart Realty In most cases, gains from sales are taxable. But did you know that if you sell your home, you may not have to pay taxes? Here are ten facts to keep in mind if you sell your home this year: Exclusion of Gain. You may be able to exclude part or […]
If you are a tenant of a multiple dwelling unit, you should know your rights when offered a buyout, when you are facing a rent increase and when your lease is facing termination.
Throughout New York City, tenants of multiple dwellings have found themselves making the critical decision of whether they should accept a buyout for their rent-stabilized apartment. Rent stabilization usually applies to buildings with 6 or more units, although there are exceptions. What Landlords have realized is that tenants with rent-stabilized leases typically have lower than […]
Information is power. Get the information you need to become a first-time homebuyer in New York City.
Workers World Today has partnered with Equity Smart Realty, Chamber Coalition, Caribbean American Weekly, The Immigrant’s Journal and Figeroux and Associates to bring you the following seminar on Home Ownership. If you are a first-time homebuyer and are interested in learning about the home-buying process, this will be a great opportunity for you. Register now […]
Don't let landlords trick you into relinquishing your rights as a tenant. Consult a landlord-tenant attorney for assistance in court procedures and even before you sign your lease. -- Chereen James
Officials are currently seeking ways to combat the Housing crisis, where an increasing number of renters have found themselves searching for affordable units. Landlords are attempting to evict tenants in hopes of earning a higher rental income, and in hopes of delivering their property vacant upon its sale. In response to the growing eviction campaign, […]
Not only does rental income provide additional revenue to a homeowner, it has tax benefits. The rental income that a homeowner receives is not federal taxable income and is thus deducted. Homeowners can also deduct the interest paid on their mortgage.
By Chereen James With the influx of new residents, the increasing demand for livable space and the prevalence of real estate development, New York City may seem a daunting place for first-time homebuyers. But, there is no need to fear. With the help of a landlord-tenant attorney, a one and two-family homeowner can navigate landlord-tenant […]
Do you have enough money for a down payment? Can you afford the monthly mortgage payments? How much are your debts? What is your credit score? And can you fix your own leaks?
By Tatyana Bellamy – Walker, Special to Workers World Today For Caribbean-immigrant households, buying their first home can be the pathway to stability. Many Caribbean immigrants first came to the United States during the early 1900s, bought brownstones in largely white neighborhoods in Harlem and Brooklyn, then anchored dozens of generations. According to a report […]
NYS Senator Jesse Hamilton: “We have dedicated lawyers, counselors, case workers, and community advocates working to uphold tenants’ rights and keep our communities whole...”
Brooklyn, NY – Senator Hamilton announced today $190,000 in funding for tenants’ rights and tenant advocacy groups secured in the New York State budget. The Flatbush Development Corporation with the Flatbush Tenant Coalition, Housing & Family Services of Greater New York, Fifth Avenue Committee with Neighbors Helping Neighbors, and the Legal Aid Society will be […]
National Low Income Housing Coalition released a new study titled “Out of Reach 2018.” It covers research on the affordability of housing among minimum-wage workers.
By Douglas A. McIntyre Add housing to the list of things low-paid workers cannot afford. While there has been a great deal of research about the problem, a new one crystallizes it. Minimum wages workers don’t have enough income to pay for one bedroom housing in many cases. Financially, two bedrooms are out of the […]