Blooming Sky x BrickUnderground: How to get Cash for your Downpayment

We have exciting news. Blooming Sky was just featured in BrickUnderground again.

Here is the link to the article: 

ONE WAY TO WRANGLE CASH FOR A DOWN PAYMENT: BRING IN A SECOND BUYER

If you don't have time for the full read, here are the highlights:

1. Many NYC residents have high incomes, which enables them to have access to financing, but they have low cash reserves, which prevents them from buying property.
2. Consider partnering up with a business partner, close friend or family member on the purchase of a NYC apartment. One person brings the cash, the other brings the cash flow.
3. Identify properties that accept 90% financing to minimize the initial cash outlay.
4. Agree on terms under which the property will be sold.
5. Enjoy the tax benefits and capital appreciation.

Enjoy the read, and have a great weekend!