REBNY Financial Statement Sample & Instructions
When you’re getting ready to make an offer on an NYC home, you need to be sure that your financials are rock solid. The usual way to accomplish this is…
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Larry Rothman
117 posts
Larry Rothman has over two decades' of experience in the financial services industry. He has worked for institutional brokerages and research firms as an Analyst. In this capacity, he has analyzed the economy and a variety of financial instruments across a wide array of industries. He's also been a freelance writer explaining a variety of topics in personal finance, real estate, and investing. He is a CFA Charterholder and has an M.B.A. in Finance.
Condos vs. Co-ops in NYC – Know The Difference
New Yorkers have a relatively firm understanding of the real estate market and its nuances. Particularly true in regards to the trade-offs between condo vs. co-op. However, if you’re thinking…
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How to Set Up an LLC to Buy Real Estate in NYC
The idea of purchasing an NYC home through a Limited Liability Company (LLC) is something most investors will be familiar with. Rather than owning the business yourself, you’ll be holding…
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Should My Offer Include an Escalation Clause in NYC?
In a fast market where homes sell swiftly, an escalation clause in your purchase offer could give you an advantage over competing buyers. Typically, escalation clauses are not a common…
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Fixed Rate vs. Adjustable Rate Mortgage Loans
Whether you’re looking to buy a new home or remodel an existing one, you will need a loan. Homebuyers had only three mortgage loan types to consider in earlier times.…
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Real Estate Agent vs. Real Estate Broker in NYC
People often confuse the terms of real estate broker and agent. While they perform similar functions in the home buying and selling process, they differ. It is worthwhile to know…
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Should You Pay for Mortgage Discount Points?
Mortgage points are upfront interest a buyer pays at closing. For example, if you choose to pay two points on an $800,000 mortgage, $16,000 is due at closing or rolled…
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Analyzing 100 Years of Real Estate Price History in Manhattan
With the current state of real estate in New York and the potential growing bubble on Wall Street, more and more people are looking to diversify investments into real estate, particularly…
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The Co-op Appraisal Process in New York City
Obtaining an appraisal is an essential step in buying a co-op. The lender requires one for purchases and refinancing. So naturally, the financial institution wants to make sure it is…
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Questions You Should Ask Before Hiring a Buyer’s Agent
For most people, buying a home is among their most important purchases. Buying a home can be an intimidating experience, with many facts and figures and general knowledge to cover.…
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