Legal Analysts

Showing posts with label Real Estate Tips. Show all posts
Showing posts with label Real Estate Tips. Show all posts

Thursday, August 25, 2022

Top 10 Tips to Sell Your House FAST in Post-Pandemic Real Estate Market

Looking for a quick exit out of your house? Here are the top 10 tips to sell your house fast for cash. 
  1. Hire a real estate broker who will provide virtual tour technology
  2. Price 10% below comps in your market 
  3. List "as is; no contingencies"
  4. Hire an attorney to draft a real estate contract that includes the "as is; no contingencies" terms before you even get a buyer
  5. Use a "time of the essence" closing date in your contract
  6. Take a significant deposit (i.e., at least 10%) on contract signing
  7. Set liquidated damages in the amount of the deposit plus reasonable attorneys' fees and costs in enforcing the contract (i.e., liquidated damages are set damages in case of breach of contract) 
  8. Start emptying the house the moment that the contract is signed by the buyer
  9. Be available for any access needs of the buyer
  10. Be nice and courteous to your representatives and the buyer's representatives so that they prioritize your deal

-or- sell to an ibuyer platform and avoid all 10 steps.

More tips in our book, "10 Strategies to Purchase Property Post-Pandemic: The Ultimate Guide to Real Estate Investing". 

Wednesday, July 27, 2022

ABC 4: Strategies to Purchase Property Post Pandemic. Interview with Attorney Andrew Lieb


ABC 4 in Utah interviewed Attorney Andrew Lieb on his book "10 Strategies to Purchase Property Post Pandemic". 

Thursday, July 21, 2022

NBC WRAL: Author Andrew Lieb Interview on Real Estate Strategies

NBC Affiliate WRAL interviewed Author Andrew Lieb on the book "10 Strategies To Purchase Property Post Pandemic". 

Thursday, July 14, 2022

CBS: Brooklyn landlord fed up with tenant not paying rent since 2019. Analysis with Andrew Lieb


Attorney Andrew Lieb joined CBS to discuss the latest for Landlords. Evictions aren't straightforward and simple. There are many delay strategies available to tenants and landlord's need to invest in legal representation that knows how to overcome these strategies.

Wednesday, July 13, 2022

Can NY Landlords Ban Firearms?

Thursday, June 16, 2022

How to Buy Real Estate in this Tough Market With Attorney/ Author Andrew...

ABC - KATU interviews Author, Andrew Lieb on how to buy real estate in a tough market. Attorney Andrew Lieb discusses his book 10 Strategies to Purchase Property Post-Pandemic. They review 5 chapters of the book and many tips buyers need before the purchase property. You will learn how to evaluate, negotiate, and close your next acquisition target.

Monday, June 13, 2022

DAILY FLASH GUESTS | ANDREW LIEB | 10 Strategies To Purchase Property Post Pandemic

Wednesday, March 03, 2021

The Pitfalls of a Guaranty on your Next Commercial Lease

Tuesday, June 23, 2020

Podcast | New Real Estate Laws and Trends

Tuesday, June 16, 2020

Podcast | Real Estate Re-Opening - Bringing Investors into your Acquisitions

The Real Estate market has reopened and investors are everywhere. We review the legal requirements to take on investors and review calculations to make sure you are making the right decisions.

Friday, March 06, 2020

Residential House Flipping and Month-to-Month Leases

Tune in Sunday 3/8/20 at noon on LI News Radio 103.9 FM where Real Estate Investing Coach Andrew Lieb discusses what to look out for when flipping residential real estate. Learn the true costs of real estate transactional fees and policies that mortgage lenders have against issuing loans when the contract of sale dates are too close in time. Andrew Lieb also goes over what you need to know about evicting tenants that have month-to-month leases.

After the show airs - the Podcast will be available here. 

Coronavirus: What Real Estate Investors Need to Know

Monday, March 02, 2020

Podcast | New Discrimination Law Coming to NY: Notice of Right to Sue from Brokers

Discrimination in housing is no joke and real estate investors are exposed more than ever before. In this #METOO movement, elected officials all over the country have assured the public that they will be enforcing discrimination laws. In fact, we are about to see a new law in New York State that forces Real Estate Brokers to provide a new form to buyers and tenants that shows them how to sue for discrimination. Real Estate Investing Coach Andrew Lieb provides an update to the pending regulation and what landlords and brokers can do to prepare for this new law.

Podcast | Real Estate Tips: Business Planning

Friday, January 17, 2020

What Landlords & Brokers Can Discuss When Dealing With Tenants To Avoid Discrimination in Housing

Housing discrimination is very serious and exposes Landlords and Real Estate Brokers to major lawsuits for big money damages. Attorney Andrew Lieb, Esq. explains to real estate investors and brokers how to minimize exposure and not discriminate to potential tenants. Learn what to say and what not to say when dealing with prospective tenants to avoid getting sued.

Thursday, January 09, 2020

Real Tips Real Estate: Closing Dates

A highly popular question in the transactional area of law. Does "on or about" or "on or before" mean on that date, around that date, within 30 days of that date? How can a buyer or seller plan for the closing date? Andrew Lieb, Esq explains what these terms mean and how to set expectations for buyers and sellers in this 3 minute clip.

Wednesday, November 20, 2019

Eye on Real Estate Podcast (11/16): Andrew Lieb, Dottie Herman, Brad Inman, Thomas Drew, Mike Conte

If you missed Eye on Real Estate on 11/16 you can listen to the podcast. Real Estate panel includes:

  • Andrew Lieb - Lieb at Law Managing Attorney
  • Dottie Herman - Douglas Elliman CEO
  • Bradley Inman - Inman Founder
  • Thomas Drew - Citizen Bank Executive
  • Michael Conte - Insurance Expert

Monday, July 15, 2019

Podcasts | Eye on Real Estate 7/13/19

If you missed Eye on Real Estate this weekend, Attorney Andrew Lieb, Esq. joins the show.

Topics include: New rental laws, final walk through & how to handle it as the buyers / sellers, #1 investment isn't multi family houses in real estate, the end of prepaid seasonal rentals.

Listen to the podcasts below:

Click here for Hour 1 

Click here for Hour 2

Tuesday, January 02, 2018

Top 5 Real Estate Laws of 2017

Friday, December 29, 2017

Tax Deductions on 2018 Real Property Taxes Assessed and Prepaid in 2017

On December 27, 2017, the Internal Revenue Service advised tax professionals and taxpayers that 2018 state and local real property taxes paid in 2017 and assessed prior to 2018 are tax deductible in 2017. It is important to note that the real property taxes must be assessed and not merely estimated prior to 2018.

The IR-2017-210 Advisory further provides an example to illustrate: County A assesses property tax on July 1, 2017 for the period July 1, 2017 – June 30, 2018. On July 31, 2017, County A sends notices to residents notifying them of the assessment and billing the property tax in 2 installments, with the first due Sept. 30, 2017 and the second due Jan. 31, 2018. Assuming taxpayer has already paid the first installment, taxpayer may choose to pay the second installment on December 31, 2017 and claim a deduction for the prepaid taxes on taxpayer’s 2017 tax return.

However, as an additional example: County B also assesses and bills its residents for property taxes on July 1, 2017, for the period of July 1, 2017 – June 30, 2018. If County B allows its taxpayers to prepay property taxes for the 2018-2019 property tax year. Despite County B’s intention to make the usual assessment in July 2018 for the period of July 1, 2018 -June 30, 2019 and its acceptance of prepaid property taxes for the same period, such prepaid taxes are not tax deductible because they are not assessed until July 1, 2018.

The IRS Advisory contradicts Governor Cuomo’s Executive Order No. 172 which was signed on December 22, 2017. Executive Order No. 172 authorized local governments to immediately issue warrants to collect property taxes by the end of the year and consequently, allow New Yorkers to prepay their 2018 real property taxes in New York in 2017. Governor Cuomo’s intent was to allow New Yorkers to enjoy the tax deductible in 2017 and circumvent the GOP tax bill which set a $10,000 cap on state and local deductions.

Nonetheless, with the IRS Advisory being just that, an advisory and not a legal ruling, the issue of whether Governor Cuomo’s Executive Order No. 172 effectively allows taxpayers to enjoy tax deductions for prepaid 2018 property taxes is still left to be determined by a Tax Court as litigation is expected.