Advice for client with assets, excellent credit, no income post-divorce
Hi folks, I have a buyer client looking to get into the Brooklyn multifamily rental market for the long-term. She came out of a recent divorce with close to $1M liquid and a credit score in the 800's, has history as a successful GC/landlady, but after liquidating her previous rental properties due to divorce 2 years ago, no longer has recent income. What's your best advice for getting her boat back in the NYC waters? Looking for a home hack with income opportunity to build from. Wary of rent-stabilized buildings even though entry prices are low.
Most Popular Reply
Look up: MBR system, Housing Stability and Tenant Protection Act of 2019, and then think long.