But to stay in compliance with NYC Department of Buildings (DOB) rules, every detail must be handled precisely.Let’s walk through how it works under DOB’s Technical Policy and Procedure Notice #3/97 (TPPN 3/97), and why having the right professionals on your team is key.C of O Not Required—When You Follow TPPN 3/97TPPN 3/97 allows apartments in multi-family buildings to be legally combined—without triggering a C of O update—if:The overall number of primary living spaces (such as bedrooms, living rooms, dens, etc.) stays the same or decreasesYou don’t alter building egress (staircases, corridors, exits)The work is limited to interior constructionThis provision applies to all multiple dwellings in NYC, including old law, new law, converted, and new code buildings.What You’ll Need to FileArchitectural Drawings from a Registered Architect (RA) or Professional Engineer (PE)Alteration GC Application for general construction items like partition changes or internal stairsAlteration PL Application for plumbing work—particularly when repurposing or capping kitchen fixturesLetter of Completion issued by DOB when the work is signed off, confirming no new or amended C of O is neededTPPN 3/97 Requirements—SimplifiedSame or Adjacent Floors Only: Combinations are limited to apartments located on the same level or directly above/below each other.

Quote from @Brent Morrison: I am a Financial Literacy/Government teacher in Central Ohio but love investing in real estate.Currently own 6 doors across Ohio and Alabama. 

I had a tenant for two months. They got evicted for not paying rent and eventually left, but on their own terms. It's a 20-year old rich kid that has zero accountability. His dad is very wealthy and is a bullyHis son ...

Williams Solutions" sounds like a consulting firm.WIlliams Investment Group sounds like a financial planner.Keep it simple and short, but recommend names that easily ID what the company offers.Also, other than ego, what's the benefit of having your name in the titles?

I highly recommend that you define your financial goals and have a clear vision of what you aim to achieve.Thank you!

I'm curious to hear from investors who are choosing to build a financial moat instead of leveraging as much as possible.

This means the property earns 33% more than what’s needed to make the loan payment, which is a good sign to lenders that the investment is financially sound.These types of loans are especially helpful for people who may not show consistent income on paper, such as self-employed individuals, real estate professionals, or full-time investors.

Quote from @Selina Kang: Quote from @James Celidonio: Hi i have been trying them and a little rocky in the beginning but Ai seems to be working, ill let you know how it works as the numbers financially get populated How’s it going now?   

With smart, proactive planning, you can reduce your tax burden and give yourself greater financial freedom as your portfolio grows.Equally critical is building a strong asset protection strategy.

A good tax strategist can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation, 1031 exchanges, financial planning and tax planning.I recommend finding a tax strategist specializing in real estate taxation, business taxation, financial planning, and tax planning.Consider working with your tax strategist remotely to expand your options.I would also recommend looking for a tax strategist willing to work with you throughout the year.