There are two things to know immediately about NYC Co-op Flip Taxes. They are not taxes and they do not apply to house flippers. Flip taxes are a fee charged to co-op owners who sell their co-op. In this way, they are...
Category - Co-ops
Co-op underlying mortgage: what you should know before buying
An underlying mortgage is an original loan taken out by a co-op to finance the purchase of the land or building that it occupies. It’s called “underlying” because it comes before (or under) any personal loans that...
