Property Spotlight
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New York For Sale
$900,000
2 Beds / 2 Baths
| Fireplace, Terrace and Washer & Dryer, Plus Elevator! The main amenities that any lucky buyer would be happy to have one of, and here you get them all!.. more >>
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Sutton Area For Sale
$600,000
1 Beds / 1 Baths
| Rarely available floor-through apartment in top drawer established coop on beautiful tree lined block. Living room faces sunny South onto 52nd Street and bedroom faces into quiet back yards... more >>
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New York For Sale
$585,000
1 Beds / 1 Baths
| Best priced one bedroom in the incomparable Plaza 400. Updated kitchen and bathroom, amazing closets and sunny South exposure. This full service luxury building offers every amenity imaginable... more >>
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New York For Sale
$568,000
1 Beds / 1 Baths
| Move right into this beautifully renovated junior two bedroom facing south onto gorgeous tree-lined block. Building is cooped since 1968 and has wonderful planted roofdeck and amazing staff... more >>
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New York For Sale
$499,000
1 Beds / 1 Baths
| Newly renovated one bedroom has brand new kitchen and has been refurbished throughout. Pleasant North and West views are quiet and overlooking back yards of brownstones... more >>
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New York For Sale
$410,000
0 Beds / 1 Baths
| Alcove studio in wonderful established doorman coop has open North views. Renovated kitchen, original bath in good condition. Gorgeous tree-lined block, wonderful full-time doorman and coop since 1968... more >>
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New York For Sale
$4,100
1 Beds / 1 Baths
| South facing into gorgeous planted garden of the Parc Vendome, this totally renovated apartment is exceptionally large and beautifully appointed. Top of line kitchen with window... more >>
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New York For Sale
$3,800
1 Beds / 1 Baths
| The Westmore is a white glove building with 24 hour services... more >>
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New York For Sale
$3,800
1 Beds / 1 Baths
| The Westmore is a white glove building with 24 hour services... more >>
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View All Our Picks >>
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There are many benefits and reasons to invest in real estate.
Lower Your Taxes
Tax incentives for NEW YORK real estate investors can often make the difference
in your tax rates. Deductions for rental NEW YORK home can often be used to offset wage income.
Tax breaks can often enable investors to turn a loss into a profit. For which items can investors
get tax breaks? You could claim deductions for actual costs you incur for financing, managing
and operating the rental NEW YORK home.
 This includes mortgage interest payments, NEW YORK
real estate taxes, insurance, maintenance, repairs, NEW YORK home management fees, travel,
advertising, and utilities (assuming the tenant doesn't pay them). These expenses can be subtracted
from your adjusted gross income when determining your personal income taxes. Of course, these deductions
cannot exceed the amount of NEW YORK real estate income you receive.
In addition to deductions
for operating costs, you can also receive breaks for depreciation. Buildings naturally deteriorate
over time, and these "losses" can be deducted regardless of the actual market value of your NEW YORK home. Because depreciation is a non-cash expense -- you are not actually spending any money --
the tax code can get a bit tricky. For more information about depreciation and various tax alternatives,
ask your tax advisor about Section 1031 of the U.S. Tax Code.
Have a Positive Cash Flow
There are
two kinds of positive cash flows: pre-tax and after-tax. A pre-tax positive cash flow occurs when
income received is greater than expenses incurred. This sort of situation is difficult to find,
but they are usually a strong and safe investment. An after-tax positive cash flow may have expenses
that outweigh collected income, but various tax breaks allow for a positive cash flow. This is more
common, but it is generally not as strong or safe as a pre-tax positive cash flow. Regardless of
what kind of NEW YORK real estate you choose to invest in, timely collections from your tenants
is absolutely necessary. A positive cash flow -- whether it be pre-tax or after-tax -- requires
rental income. Be sure to find quality tenants; a thorough credit and employment check is probably
a good idea.
Use Leverage
One of the most important factors in determining a solid investment is
the amount of equity you are purchasing. Equity is the difference between the actual worth of the
NEW YORK home and the balanced owed on the mortgage. Benefit from Growing Equity While investing
in NEW YORK real estate is relatively complex, it is often worth the extra work. When compared
to other financial investments, like bonds or CD's, the return on investment for NEW YORK real
estate purchases can often be greater. The key to NEW YORK real estate investing is equity.
Determine an amount of equity that you want to achieve. When you reach your goal, it's time to
sell or refinance. Determining the proper amount of equity may require the assistance of a NEW YORK real estate professional.
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Equal Housing Opportunity