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Capital gains taxes can significantly impact your profits when selling real estate in New York. However, by employing savvy strategies and taking advantage of existing regulations, you can minimize your tax liability and retain a larger portion of your hard-earned...
There are many ways to make money off your commercial real estate investment. Some investors develop their property and earn revenue by renting it to businesses. Others buy a property and then sell it to companies and other investors at a higher price. When it comes...
If you are looking at buying a piece of commercial real estate in New York City, you are probably thinking of more than the selling price of the property. You may have a great interest in how much the property is worth. While the value of a property helps inform its...
Under Internal Revenue Code Section 1031, real estate investors may defer recognizing capital gains on their income tax returns. By exchanging real property for another that is similar in type, or “like-kind,” you may defer capital gains taxes, and in some cases,...
Business owners searching for commercial real estate space in New York City have options to choose from. Before signing an agreement, some due diligence could help decide whether to buy or lease a property. As noted by Millionacres.com, commercial property...
Residential and commercial real estate leasing options often differ in numerous notable ways. For example, in most residential leases, tenants pay fixed rates to a landlord and handle utilities on their own, separately. Commercial leases have more options, however,...
As a commercial landlord, you might find yourself wondering what to do if a tenant fails to pay their lease in a timely manner. It may seem like the right thing to do is to restrict the tenant’s access to the property, however, doing so can lead to additional legal...
Many commercial property owners choose to rent out their property. If this interests you, you need to be on the lookout for the best tenants. Quicken Loans explains that owning a rental can be lucrative for most people, but only if they choose a good tenant. No...
Both small businesses and large corporations are vital to a city’s economic growth and stability. So what happens when a change in the economy challenges those businesses and forces them to leave. Many businesses in New York and across the country are downgrading to...
When people are new to the real estate market conditions in New York and the United States, deciphering the best markets could bring unique challenges. If not actively controlled, risks could compromise the success of an investment and result in costly losses. When...