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General Area in Montauk : Real Estate Advice

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  • Home Buying11
  • Home Selling0
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Activity 2
Thu Nov 25, 2010
Ralph Windschuh answered:
Quite some time ago, you posted an inquiry on Trulia seeking real estate advice. If you are still considering purchasing or selling real estate or have any additional questions, please feel free to contact me. Please accept my best wishes for a very Happy Thanksgiving.

Ralph Windschuh
Associate Broker
Certified Buyer Representative
Senior Real Estate Specialist
Century 21 Princeton Properties
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Thu Oct 14, 2010
Jerry Cibulski answered:
When you purchase a co-op the bank is going to need to see the financial statements and reserves of the co-op. The banks have increased the percentage of reserves required in 2010. The monthly charges are the taxes and maintenance fee's for the building and grounds. The rental income is reported as income and should be verified by tax returns. ... more
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