New Anti-Flipping Law proposed in New York

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New Anti-Flipping Law proposed in New York

Scott WolfPro Member
Lender · Boca Raton, FL · Member since 2014 · 1k+ posts · 960 votes

I just posted an article on LinkedIn that is very pertinent to all NYC real estate members.  The State Senate is proposing an additional tax on home flippers in New York City (Manhattan, Brooklyn, Bronx, Queens & Staten Island).  I've outlined my opinions in the article, and think it is important that all RE professionals in New York as a whole voice their opinion to their state senator on this matter.  Links on how to do so can be found at the end of the post.  This could be another blow to the industry in the vein on the rent regulation act recently passed.

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Abel CurielBusiness Member
Real Estate Agent · Queens, NY · Member since 2016 · 2k+ posts · 1k+ votes
7y
Originally posted by @Scott Wolf:

I just posted an article on LinkedIn that is very pertinent to all NYC real estate members.  The State Senate is proposing an additional tax on home flippers in New York City (Manhattan, Brooklyn, Bronx, Queens & Staten Island).  I've outlined my opinions in the article, and think it is important that all RE professionals in New York as a whole voice their opinion to their state senator on this matter.  Links on how to do so can be found at the end of the post.  This could be another blow to the industry in the vein on the rent regulation act recently passed.

I totally agree, these are major changes that affect everyone in and around the industry.

Thanks for sharing Scott!  

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  • Abel CurielBusiness Member
    Real Estate Agent · Queens, NY · Member since 2016 · 2k+ posts · 1k+ votes
    7y
    Originally posted by @Scott Wolf:

    I just posted an article on LinkedIn that is very pertinent to all NYC real estate members.  The State Senate is proposing an additional tax on home flippers in New York City (Manhattan, Brooklyn, Bronx, Queens & Staten Island).  I've outlined my opinions in the article, and think it is important that all RE professionals in New York as a whole voice their opinion to their state senator on this matter.  Links on how to do so can be found at the end of the post.  This could be another blow to the industry in the vein on the rent regulation act recently passed.

    I totally agree, these are major changes that affect everyone in and around the industry.

    Thanks for sharing Scott!  

    REbuild Team - eXp Realty5240 Reviews
    WebsiteView Page
    1Reply
  • Scott WolfPro Member
    OP
    Lender · Boca Raton, FL · Member since 2014 · 1k+ posts · 960 votes
    7y
    Originally posted by @Abel Curiel:
    Originally posted by @Scott Wolf:

    I just posted an article on LinkedIn that is very pertinent to all NYC real estate members.  The State Senate is proposing an additional tax on home flippers in New York City (Manhattan, Brooklyn, Bronx, Queens & Staten Island).  I've outlined my opinions in the article, and think it is important that all RE professionals in New York as a whole voice their opinion to their state senator on this matter.  Links on how to do so can be found at the end of the post.  This could be another blow to the industry in the vein on the rent regulation act recently passed.

    I totally agree, these are major changes that affect everyone in and around the industry.

    Thanks for sharing Scott!  

     My pleasure Abel!  I think it's very important for us all to let our senators know we oppose this bill, and present a united front.

    0Reply
  • Abel CurielBusiness Member
    Real Estate Agent · Queens, NY · Member since 2016 · 2k+ posts · 1k+ votes
    7y
    Originally posted by @Scott Wolf:
    Originally posted by @Abel Curiel:
    Originally posted by @Scott Wolf:

    I just posted an article on LinkedIn that is very pertinent to all NYC real estate members.  The State Senate is proposing an additional tax on home flippers in New York City (Manhattan, Brooklyn, Bronx, Queens & Staten Island).  I've outlined my opinions in the article, and think it is important that all RE professionals in New York as a whole voice their opinion to their state senator on this matter.  Links on how to do so can be found at the end of the post.  This could be another blow to the industry in the vein on the rent regulation act recently passed.

    I totally agree, these are major changes that affect everyone in and around the industry.

    Thanks for sharing Scott!  

     My pleasure Abel!  I think it's very important for us all to let our senators know we oppose this bill, and present a united front.

    Exactly!

    NYC "leadership" is running this place to the ground. I'll be sharing your article on my FB page.

    REbuild Team - eXp Realty5240 Reviews
    WebsiteView Page
    1Reply
  • Ednilson Silva
    Contractor · New York City, NY · Member since 2016 · 15 posts · 4 votes
    7y

    @Scott Wolf where do I find the link? Thanks

    0Reply
  • Scott WolfPro Member
    OP
    Lender · Boca Raton, FL · Member since 2014 · 1k+ posts · 960 votes
    7y

    @Ednilson Silva https://www.linkedin.com/pulse/nys-anti-speculation-law-another-robin-hood-bill-scott-wolf

    My apologies for not including it in the initial post.

    0Reply
  • Ednilson Silva
    Contractor · New York City, NY · Member since 2016 · 15 posts · 4 votes
    7y

    Thank you!

    0Reply
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