Affluence & Advocacy - The Podcast

affluenceadvocacy

”Affluence & Advocacy” is a compelling podcast series focused on New York real estate law, hosted by Natalia Sishodia, an experienced attorney recognized for her expertise in real estate, business law, elder law, estate planning, and taxation. This podcast provides invaluable insights into the legal landscape of New York, specifically tailored for high-net-worth clients and international buyers navigating the complexities of real estate transactions. read less

BusinessBusiness

Start Here

Purchasing an Apartment in a New Development in New York

Purchasing an Apartment in a New Development in New York

Episode Summary: In this episode of Affluence and Advocacy, NY Real Estate Law, LPN host speaks with Natalia Sishodia, a real estate attorney, about the nuances of purchasing a new development unit in New York. They discuss the advantages and disadvantages of buying in new developments, the differences in closing costs compared to resales, and due diligence considerations. Natalia also shares her expertise on strategies to reduce closing costs, common issues that arise during the process, and how to navigate them. The episode is a comprehensive guide for anyone considering a purchase in the complex New York real estate market, especially in new developments. Timestamps: [00:21 - 00:52] What does it mean to purchase a new development unit? [00:52 - 02:07] Reasons to buy in a new development vs. an older unit. [03:03 - 05:09] Disadvantages of buying a new development apartment. [05:15 - 06:58] Types of clients who prefer new developments. [07:03 - 08:01] Closing costs when purchasing a new development vs. a resale. [08:04 - 09:23] How to soften closing costs in new development purchases. [09:28 - 09:54] Due diligence for purchasing in a new development. [09:58 - 10:27] Key conditions of closing when purchasing a new development. [10:37 - 12:22] Problems in new development purchases and practical solutions. About The Show Affluence and Advocacy, NY Real Estate Law is a podcast that offers expert insights into the complexities of real estate transactions in New York, with a focus on legal aspects. Hosted by LPN Host and featuring real estate attorney Natalia Sishodia, the show covers a wide range of topics including the nuances of buying and selling property, navigating new development purchases, understanding closing costs, and handling common challenges like financing and due diligence. With a blend of real-world examples and practical advice, this podcast provides valuable guidance for anyone looking to make informed decisions in the New York real estate market.

Episodes

Purchasing an Apartment in a New Development in New York

Purchasing an Apartment in a New Development in New York

Episode Summary: In this episode of Affluence and Advocacy, NY Real Estate Law, LPN host speaks with Natalia Sishodia, a real estate attorney, about the nuances of purchasing a new development unit in New York. They discuss the advantages and disadvantages of buying in new developments, the differences in closing costs compared to resales, and due diligence considerations. Natalia also shares her expertise on strategies to reduce closing costs, common issues that arise during the process, and how to navigate them. The episode is a comprehensive guide for anyone considering a purchase in the complex New York real estate market, especially in new developments. Timestamps: [00:21 - 00:52] What does it mean to purchase a new development unit? [00:52 - 02:07] Reasons to buy in a new development vs. an older unit. [03:03 - 05:09] Disadvantages of buying a new development apartment. [05:15 - 06:58] Types of clients who prefer new developments. [07:03 - 08:01] Closing costs when purchasing a new development vs. a resale. [08:04 - 09:23] How to soften closing costs in new development purchases. [09:28 - 09:54] Due diligence for purchasing in a new development. [09:58 - 10:27] Key conditions of closing when purchasing a new development. [10:37 - 12:22] Problems in new development purchases and practical solutions. About The Show Affluence and Advocacy, NY Real Estate Law is a podcast that offers expert insights into the complexities of real estate transactions in New York, with a focus on legal aspects. Hosted by LPN Host and featuring real estate attorney Natalia Sishodia, the show covers a wide range of topics including the nuances of buying and selling property, navigating new development purchases, understanding closing costs, and handling common challenges like financing and due diligence. With a blend of real-world examples and practical advice, this podcast provides valuable guidance for anyone looking to make informed decisions in the New York real estate market.

In this episode of Affluence & Advocacy NY Real Estate, host Natalia Shishodia delves into the intricacies of 1031 exchanges. She explains that a 1031 exchange allows property owners to swap investment or business properties without incurring immediate capital gains taxes, effectively providing an interest-free loan from the government to reinvest in new properties. Natalia emphasizes that this tax deferral strategy is beneficial for investors looking to relocate their portfolios. However, she clarifies that 1031 exchanges do not apply to primary residences and outlines the qualifications for properties involved in the exchange, including the requirement that they must be income-generating or held for investment purposes. Tune in to learn how 1031 exchanges can optimize your real estate investments! Timestamps: [00:02:36] 1031 exchanges in a buyer's market. [00:07:15] Holding period for 1031 exchange. [00:10:46] 1031 exchange first-time advice. About The Show "Affluence & Advocacy" is a compelling podcast series on New York real estate law, hosted by Natalia Sishodia, an experienced attorney recognized for her expertise in real estate, business law, elder law, estate planning, and taxation. This podcast provides invaluable insights into the legal landscape of New York, specifically tailored for high-net-worth clients and international buyers navigating the complexities of real estate transactions.

Mastering Ancillary Probate for Multi-State Properties

Mastering Ancillary Probate for Multi-State Properties

In this episode of "Affluence and Advocacy," hosts Matt Skye and Natalia Shishodia delve into the intricacies of ancillary probate. Natalia, a seasoned New York City attorney specializing in real estate and estate planning, explains the distinction between primary probate and ancillary probate. Listeners will learn that primary probate occurs in the jurisdiction where the deceased resided, while ancillary probate is necessary when they own property in another state or country. Natalia illustrates this with the example of a UK investor who passes away, leaving behind a property in New York. The episode emphasizes the importance of navigating the probate process correctly to ensure that an individual's assets are distributed according to their wishes, highlighting the critical role of a skilled attorney in these situations. Tune in to gain valuable insights into how ancillary probate can impact estate planning and asset distribution across jurisdictions. Timestamps: [00:02:20] Ancillary probate complexities. [00:06:09] Ancillary probate delays and impact. [00:12:10] Trusts to bypass probate process. [00:13:25] Ancillary probate professionals involved. About The Show "Affluence & Advocacy" is a compelling podcast series focused on New York real estate law, hosted by Natalia Sishodia, an experienced attorney recognized for her expertise in real estate, business law, elder law, estate planning, and taxation. This podcast provides invaluable insights into the legal landscape of New York, specifically tailored for high-net-worth clients and international buyers navigating the complexities of real estate transactions.

Understanding New York Real Estate Law for Foreign Buyers

Understanding New York Real Estate Law for Foreign Buyers

This episode delves into foreign buyers' unique legal needs and cultural considerations in the New York real estate market. Natalia discusses the primary legal considerations when purchasing co-ops and condos, the differences in the purchasing process for foreign buyers, and the critical tax implications to consider. With practical examples and case studies, listeners will better understand the strategies for successful real estate transactions. About The Show "Affluence & Advocacy" is a compelling podcast series on New York real estate law, hosted by Natalia Sishodia, an experienced attorney recognized for her expertise in real estate, business law, elder law, estate planning, and taxation. This podcast provides invaluable insights into the legal landscape of New York, specifically tailored for high-net-worth clients and international buyers navigating the complexities of real estate transactions.