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EP 36: Does Your Financial Profile Matter When Purchasing NYC Real Estate?

March 26, 2021 by Jonathan



In this episode, John and Jonathan are covering how different financial profiles can make purchasing NYC real estate easier or harder.

What Makes It Easier To Buy NYC Real Estate?

  • W-2 Income
  • Cash Buyer
  • Purchasing a property as a primary residence

What Makes It Harder To Buy NYC Real Estate?

  • Purchasing a property as a pied-a-terre
  • Having a high debt-to-income ratio
  • Having low post-purchase liquidity
  • Having a largely fluctuating income
  • Co-purchasing, guarantor, parents buying for children, etc.
  • Being self-employed or an entrepreneur

Resources

  • Our collection of resources for buyers and sellers
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Filed Under: Podcasts, You Should Know

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JOHN GASDASKA

Office: 212.821.9138
Mobile: 646.345.7350
jwg@corcoran.com

JONATHAN P. CONLON

Office: 212.508.7162
Mobile: 347.564.2440
jconlon@corcoran.com

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