One of the most common questions our office gets is what are the closings costs going to be when buying a co-op or condominium in New York City. Well, unfortunately, in New York City, it is not just the real estate that is expensive. Whether you are buying a home, townhouse, condominium or cooperative, [...]
The steps to closing on New York city real estate can seem daunting for even the most experienced buyers. There are many important factors and parts that must be done cautiously to ensure that the transaction goes through without any delays, disagreements, or financial costs. One mistake in the process could derail the transaction [...]
Though still a mystery to many U.S. consumers, Bitcoin (and other forms of cryptocurrency) is used more and more in everyday transactions. Accordingly, cryptocurrency is projected to quickly become a mainstream form of payment—including in connection with real estate transactions. Bitcoin remains unregulated and unrecognized as an official U.S. currency. Nonetheless, Bitcoin is subject to taxable appreciation once converted [...]
5 Major Benefits of using an LLC in real estate transactions Most people purchase a home utilizing their name. Maybe you’ve heard of forming a limited liability company (“LLC”) to buy the house and were curious, should I do that? Using LLCs for real estate investments is critical and also has benefits for traditional [...]
The Employment Based First preference category always reminds me of Tina Turner’s song “You’re simply the best” because it pretty much sums up the standard for EB-1A immigrant category. The legal standard in the EB1 extraordinary ability category is very high. While the EB-1A category was intended to apply to a small group of individuals, it [...]
