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Learning, Sharing, and Teaching => Real Estate and Landlording => Topic started by: namasteyall on May 19, 2019, 02:30:22 PM

Title: Request advice on getting a NYC rent controlled apt
Post by: namasteyall on May 19, 2019, 02:30:22 PM

Folks, I have an offer after a looong wait: to put money down and get a rent controlled apt in NYC (Mitchell Lama). Advice on how to manage the board, requirements, anything to be wary of, income needed, references, etc. requested. Thank you.

Title: Re: Request advice on getting a NYC rent controlled apt
Post by: srad on May 20, 2019, 02:08:08 PM

Are you buying a rent controlled property or renting one?

Title: Re: Request advice on getting a NYC rent controlled apt
Post by: brooklynmoney on May 21, 2019, 12:37:13 PM

I thought all the Mitchell Lama buildings were phased out. My friend rented in one for decades and then when it converted bought at the inside price. Great deal if you can get it!

Title: Re: Request advice on getting a NYC rent controlled apt
Post by: namasteyall on June 01, 2019, 08:48:53 PM

srad and brooklyn money

Thank you for your replies.

Srad
I have an offer to buy a share in a co-op and then live in an apt.

brooklyn money
I had applied years ago and it seems to be available now.
Any advice really appreciated.

Title: Re: Request advice on getting a NYC rent controlled apt
Post by: electriceagle on July 08, 2019, 04:57:49 AM

Quote from: namasteyall on May 19, 2019, 02:30:22 PM

Folks, I have an offer after a looong wait: to put money down and get a rent controlled apt in NYC (Mitchell Lama). Advice on how to manage the board, requirements, anything to be wary of, income needed, references, etc. requested. Thank you.

First, you'll need a DeLorean....