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#multifamily investing oklahoma
tri-2022 · 1 year
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Before investing in any asset class, including real estate, it's important to be well-informed and prepared visit https://tridentmultifamily.com/
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How to Choose a Real Estate Investment Company
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A real estate investment company is a firm that buys properties, rents them out and earns a portion of the rental income from these properties. These companies are an excellent option for beginner investors and others who want to make a profit from the real estate market without having to put in a lot of work.
Investing in real estate can be a lucrative venture, but it also comes with a number of risks. These include market, debt and other issues that can affect your overall investment. It is essential to take these factors into account before making an investment decision.
Real estate investment can involve a variety of property types. These can include commercial buildings, multifamily homes, industrial facilities and retirement homes. Some firms specialize in particular property types and niches.
Some real estate investment companies offer a variety of different options to their clients, while others focus on a specific area. They can help you find the right type of property for your needs and provide you with a good ROI, or a return on investment.
Most real estate investment companies are managed by a team of people with varying skills and experience. The company will also have its own financial resources and a legal staff. It is important to choose a real estate investment company that is reliable and trustworthy. Learn more about real estate at http://kids.britannica.com/comptons/article-9334258/Real-estate.
The first thing you should consider is what your goals are when it comes to investing in real estate. Are you looking to make money from a rental property or a business? If so, you may need to invest in a particular type of property. You should also consider how much time you have available to find a property and manage it.
Many beginners don’t have the time or resources to do all of this themselves. They therefore turn to a real estate investment company for assistance with all of this.
It is also a good idea to research what kinds of properties are in demand. This will ensure that you are making a smart investment in the right area.
A real estate investment company will be able to give you an idea of which types of properties are in demand and how well they are priced. This will help you decide which kind of real estate to purchase and will save you a lot of money in the long run.
Real estate investing oklahoma city can be a great way to make money, but it is also risky and requires a lot of work. It is also cyclical and can be impacted by the economy or interest rates.
Some real estate investment companies use a form of financing to finance their property acquisitions and renovations. This is known as gearing. This can lead to foreclosures and other issues if the company cannot meet its obligations or pays off its debts on time.
There are many benefits to using a real estate investment company, but it is important to understand what they can and cannot do for you. A good company will be able to help you achieve your goals and help you avoid some of the common mistakes that beginner real estate investors make. Be sure to read more now!
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hakesbrother · 2 years
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New Home Builders El Paso New Homes El Paso
The vacationer trade drove up wages and housing prices, and with little room to expand, provide lagged behind demand. In the state’s two largest cities, the final decade between 1950 and 1960 noticed populations grow and houses new homes el paso tx constructed for the model new residents. Each yr, Oklahoma City had on average an additional 4,975 homes built for an average of thirteen,225 further people.
The CareFree Homes popularity is constructed on trendy, new home development methods, distinctive craftsmanship and revolutionary home design. We build communities and neighborhoods that people wish to stay in. There are currently 12 homebuilders in El Paso with active projects in fifty seven communities.
Even after you accepted a bid, your agent will guide you thru the final paperwork to ensure a pleasant home promoting expertise. Find the proper home with HomeLight's home search. We'll keep you updated when new listings come available on new homes el paso tx the market so you might make the first transfer. Unlock entry to tons of of homes on the market and discover the one that is right for you. With us, your choices are open, and the selection is yours.
Our new homes are loaded with luxurious features and stunning structure. Upgrades throughout dwelling areas and exteriors improve your life-style and maximize curb appeal. For a tremendous home buying experience, you'll not find a better new home builder in El Paso than BIC Homes. Newly-built homes have been taking up a growing portion of total housing provide since 2011, when constructing new homes el paso tx started to rebound after the monetary crisis. The pattern is now intensifying as a outcome of a surge in construction through the pandemic and a latest slowdown in current homeowners placing their houses up on the market. Single-family housing starts rose 14% yr over 12 months in 2021, the most important annual enhance since 2013.
For countless householders across the country, we’ve engineered a better way to pay for modern home upgrades, removing barriers to purchase with favorable options that save them money. We companion with sustainable home enchancment professionals across the country to make sustainable home upgrades easy, with flexible cost options that fit any budget. Is the quickest rising city in the united states with a population of greater than 50,000. Lennar's Multifamily phase is a nationwide developer of high-quality multifamily rental properties. LENX drives Lennar's know-how, innovation and strategic investments. Community prides itself on honoring our past and innovating for our future, and we are eager to see the longer term being built right here."
During World War II, the federal authorities opened a plant in the area to fabricate naval aircraft, in accordance with a HUD report. After the war, other industries moved in to take benefit of the experienced labor drive and transportation, including a division of General Motors, North American Aviation, and Westinghouse Electric. Almost 1 / 4 of the homes in the Baltimore area had been constructed before 1950.
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lanaisnotwool · 4 years
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413 How to Diversify Your Savings
http://moneyripples.com/2020/08/13/413-how-to-diversify-your-savings/
In times of high risk, people rush to diversify money.
But a financial advisor never really diversifies your portfolio.
Are there good ways to diversify your investments?
Tune in to find out ways to diversify, keep your money safe, AND still grow it!
Chris Miles, the "Cash Flow Expert and Anti-Financial Advisor," is a leading authority on how to quickly free up and create cash flow for thousands of his clients, entrepreneurs, and others internationally! He’s an author, speaker, and radio host that has been featured in US News, CNN Money, Bankrate, Entrepreneur on Fire, and spoken to thousands getting them fast financial results. Listen to our Podcast:
https://www.blogtalkradio.com/moneyripples/2020/07/01/413--good-way-to-diversify-your-savings
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Hello my fellow Ripplers! This is Chris Miles. Your Cash Flow Expert and Anti-Financial Advisor. Hey guys, I’m so excited to welcome you out to this show because this show is for you and it’s about you. Those of you that work so hard for your money, but you want that money to work harder for you. Now! You want that freedom. That cash flow. That prosperity. Today! Not 30 or 40 bazillion years from now, but right now. So you have that freedom to do what you love with those you love and do whenever the heck you feel like it.
But more than that, it’s more than just trying to, you know, have a wonderful lifestyle and flying airplanes and boats. Hopefully you’re not flying boats by the way, but who knows. But anyways, it’s not about just enjoying your life and just about yourself and selfishness. It’s about you, be able to give back. You’ll be able to bless more lives by creating a ripple effect as a Rippler and be able to bless the lives of those around you. And so guys, I’m proud to be one of those Ripplers with you because you guys are the reason I can create a bigger ripple effect in my life through what we offer this show today. So thank you so much for being a part of it.
As a reminder, check out our website, MoneyRipples.com Not only can you download Beyond Rice & Beans, Seven Secrets To Free Up Cash Today, to find more money, but you can also watch other of these videos. If not on YouTube, you can watch them on the site. Videos of this very show, as well as other topics that are on there in the blog section. So guys check that out!
Alright today. So I really want to get into about diversifying, right? Because I’m hearing this word a lot. Like I’m getting so many people talking to me and saying, yeah, Chris, like, I really feel like I need to diversify my money. Chris, I feel like you need to diversify my money. And why does this come up? It comes up every time there’s uncertainty, right? And rightfully so, because if you have your money at risk, if it’s feeling uncertain, you’re going to say, I can’t all have all my eggs in this basket. What if this basket falls flat? What if I drop this basket and crush all my eggs? I need to get more baskets. Right? So, and there’s some merit to that because the more you try to take higher risks, the more you have to diversify. And it’s not because you have to diversify necessarily. But if you’re going to take high risks with this, right.
Especially if you do things that are out of your control, you’re essentially kind of guessing, you know, you really are. And that’s why financial advisors are telling you for years, you have to diversify all your money, right? You had to diversify in these different areas. The truth is that a financial advisor never diversifies you. They actually put you in the same exact asset class of paper assets every time, but they might say, great, well, some of this might go into the stock market. Some of this might go into the bond market or treasuries, or am I going to international stocks versus US equities and all this kind of stuff. Right? But the truth is, you’re really not that diversified. And so what most people do is they hold onto it in cash and savings or money markets. Where they might get like an annuity or something like that.
But they’re trying to do other certain things. And so I get a lot of people saying to me, Chris, like, I feel like I need to diversify my money. Now, you just go along with diversification before we talk about how to diversify your savings. Cause there are good ways of doing it. One thing that people say is Chris, well, if you do real estate so much, how do you diversify?
Here’s my thing. Here’s how I diversify. Well, one, I personally love to buy and own properties, even including yes, single family homes. I actually like them. It doesn’t mean I always want to do single family homes. I don’t mind doing multifamily. I don’t mind syndications. I got money in those two. But I really do love having a home, like having an actual properties that I own and control. I actually feel like I can, I don’t have to diversify as much because I have control what happens.
There’s not somebody else managing. Well, okay. I have property managers, right? But it’s not like somebody else is owning the property for me. And I’m just putting a little money into it. You know, in those kind of cases, you do need to diversify. If you’re in a lot of syndications or funds. Yeah. You need to not put all your money in those baskets because there’s a degree of separation between you and the person doing the investing. And as a result, you lose control and that increases your risk. And therefore you do need to be diversified more. For those of us who buy more real estate. How do we do that? You know, if we have more control, one, we don’t worry about diversification because as you know, Mark Cuban would say, diversification’s for idiots. Has a Warren Buffet would say more tactfully. He would say that diversification is admission of ignorance.
Basically. You don’t know what you’re doing. So you diversify in all these little places. It’s throwing spaghetti on the wall, hoping something works. That’s not what we’re talking about doing here. When I do real estate diversifying, we might diversify in different locations, right? So even though I buy the same kind of properties, I might say, well, Hey, I want to be in different markets. You know? Sure. Maybe we’ll have Memphis, but maybe we’ll have North Carolina. Maybe we have Indiana or Pennsylvania or Virginia or Florida, Oklahoma, Missouri, you know, whatever. Right? Like finding these different pockets, these different markets to be in. That is how you diversify within real estate without having to own lots of different types of real estate.
Now, granted again, I still don’t mind doing syndications where we put money into like, you know, big apartment complexes and things like that. That’s fine too. I put the minority of my assets into those kinds of investments. But I personally like to do real estate. Now, when you have your savings, right? Now, switching back to this topic, you have enough savings. How do you diversify it? Well, the truth is that if you’ve got money working in different places, you do want money in savings. First and foremost, you’ve got to make sure you have an emergency savings. Right? Now. When I look at savings, of course, if it’s not emergency savings or if it doesn’t have a purpose short term, it’s usually out doing something. It’s usually in being invested in something like real estate. Right? So how I diversify my “Savings”? Is often it goes out into other investments that cash flow. Again, I like regular stable cashflow. That’s my goal. That’s the goal I try to, you know, really try to present to my clients is that’s the real key to freedom, right?
The real key to feeling secure is knowing you have regular stable cash flow coming in from multiple streams of income. And yes, they can be from some of the same assets. But, how about the money that’s just emergency savings? What about the money that’s just sitting there doing nothing? Right? That is the key. Now I’m going to tell you about what I do. This doesn’t mean that’s, this is what you have to do, but this is just kind of strategy that my wife and I have adopted ourselves because you know, the truth is, is that we want money liquid available too, just in case, you know, we never know what happens. Even though I have multiple streams of income coming in from multiple sources. My wife told me the other day, she said, Chris, I think we need to increase our emergency savings. I just feel like we need to have more cash on hand just in case.
And I said, all right, well, how much? She said, we need to have at least $200,000. Now think of it in my world. I’m thinking that is a lot of money to just have, do nothing. You know, we had, you know, well, well over a hundred thousand before, but she’s like, no, we need 200,000 in savings. So I’m thinking there’s an opportunity cost of this money. What if this money could be out invested? But I also understand the importance of, you know, she happy me happy, right? I’m sure you guys understand that. And I also understood too. I’m like, well, you know, she could be right. Sometimes she has amazing intuition that sometimes she could be right about that. And so I said, all right, let’s do that. But let’s diversify our savings. And she said, well, what do you mean? I said, well, we keep a lot of it.
We have a lot in the bank. We have some in our insurance savings. She’s like, I keep forgetting about the insurance savings. I’m like, yep. That’s there. We can use that. I said, let’s do this. Let’s have two thirds earmarked from the insurance savings to be part of this money. So if it’s 200,000 that she wants, like great, let’s make sure 130,000 125,000 or so of it is there as emergency. As emergency fund, right? Inside the life insurance. Inside my infinite banking policy, right? As you guys have heard it before mentioned. This is money I’m not investing with. This is money that I’m keeping as a baseline. So that means that anything above 130,000 140,000 that’s in the life insurance, anything about that? Great, that can be out investing in double-dipping. As you’ve heard me talk about, you know, making money twice where I’m making money in insurance and making money on my real estate and other investments at the same time, perfect.
That can still work, but earmarked money that we don’t touch, that we let stay in there that earns, you know, that’s 140,000 or whatever. Right? Now, the other 60,000, we split up between online savings accounts that paid better than what the bank will pay locally, but we still keep money in the bank in case we need to get money today. So it’s a three phase thing. There’s money in the bank that money we can access today, you know, to keep about a good 20,000 give or take. We probably have more than that even, but that’s the kind of money earmarked for those emergency savings, right? Then beyond that there’s emergency savings in the online banking. That’s like the other 40,000 plus. That money is there primarily, just so we can, you know, we know it can be transferred within a day or two to the local bank anyways.
So it’s that next wave. So first wave is if I need money today, you go walk into the bank, ATM, whatever, pull money out. Oh, by the way, we keep cash on hand as well. For money in case the ATM is, are broken down or power goes out EMP who knows catastrophic stuff, right? Earthquakes, whatever. We have cash too, but obviously we can walk into the bank. We can walk in and pull cash out.
Second phase, online banking. You know, there’s an online banking sources. I’ll email you guys about it, if you’re on my email list, you’ll actually get that. There’s at least 1% paying out. Even though the rates have dropped like a rock. There are still online savings accounts that pay like around 1%. So we have that as well. And that is paying a certain ammount too. And then of course the rest, it’s the life insurance. Now do the math of me a little bit, right? If I just had say we had $200,000 earning 0.1% a year in the local bank, right? I mean, do they do the math here? That’s 200 bucks a year. Not a month. A year of $200,000. 200 bucks a year.
I just got done doing an episode last time where we talked about having someone to invest in 200,000 to make almost 2000 a month, right? So, to go from 2000 a month, to 200 a year is not impressive. This is why people are like going stir crazy. I get clients sometimes I’ll have a half million sitting in their bank or their checking account. They’re like, this money could be working for me. It’s doing nothing. Well, okay. Well instead of 200 bucks a year. Can we do better than that? Well, here’s how I break it down. That 200,000, right? That he said 20,000 with a local bank, right. That 20,000 makes 0.1%. It makes a whopping, what does that? 20 bucks a year instead? So 20 bucks a year, right? So that 10% of that it’s making 20 bucks a year. So there’s 20. Then we’ve got the 40,000 earning about 1% a year. So that 40,000 earning 1% means is there any 400. That’s 420 total with this 60,000, that’s already better than 200,000 at 0.1%. Right? So there we go, 420.
Now the other 140,000 is in life insurance. Now, even those of you that might be older than me, or maybe don’t have quite the same health. Usually you can at least net a 4% return on your money. Usually it’s at least four to five or more depending on your age and health. But let’s just say it’s 4% a year, right? You go conservative here. And that 4% that 160,000 or sorry, 140,000 earning 4%. That’s making me about 5,600 a year. So 5,600 plus the 420, it means we’re making about 6,000 a year instead of 200 a year. That’s 30 times better. Right? That’s kind of like how we do that. So, you know, I had, you really explained like, Hey, the money’s still liquid. I can get to my life insurance money by the way, within a week to week and a half max.
So I know I can get to that money quickly anyways. So for emergencies, it’s amazing. By the way, it’s amazing to where I’ve seen a lot of people last few months have been reach out to me about that very strategy to say, you know, Chris, I don’t even care about leveraging it and using it to invest like you’ve taught. I just need to have money sitting around just in case. I needed something for peace of mind, but I wasn’t earning better money. Oh, here’s the other thing too, in that first example, $200,000, right? You’re only earning 200 bucks a year. Realize you have to pay taxes on that stupid 200 bucks a year. So you don’t get 200 bucks a year. Cause you have to pay taxes on it, right? Income tax on that interest, you know, with the money in the life insurance, I don’t pay any taxes on that.
The only thing I had to pay, I was on that 420, the other 5,600. I paid nothing. There’s no tax on it. It’s like a Roth IRA, no tax money at all. So now I’m keeping more money, not to mention I’m making 30 times more, but now keeping more of that money. So it’s more than 30 times as a result. And so that’s the thing that I’m trying to point out here is like, guys, you can be more efficient and that’s why some people are doing, they’re saying, you know what? Heck, this could be supplemental retirement. I’m getting a pension from the airline or whatever I worked for or from this company. Or I got this or I got this other real estate too. Honestly, I don’t even need to use this money to invest and create cash flow from it. Cool. It gives you options.
You can diversify it. You can use it however you want. I use it, whether it’s for emergency savings and I use it for investing, right? So it’s an ability to, for me to be able to use that appropriately. So using my life insurance man, some people poop all over it, but the truth is that those of us that know how to use it, realize it’s brilliant. And I’ve had many clients realize the same thing they say, man, why doesn’t everybody know about it? The truth is because most time, even there are people teaching about it. They teach you in a crappy way of, it’s someday. It’s like a 401k. You’ll lock it up and someday they’ll touch it, but they never tell you, Hey, if you design it the right way, which most don’t even know how to do it the right way.
If you designed it the right way, you can have access to cash from the first month that you set it up. You’ve got money available right away. So that’s my point guys, is that you can design it. You can diversify your savings, but you got to do it the right way and do in a way that again can create some real, some real growth, some real money, you know? So not only can you keep money safe, but at least it’s doing something for you versus doing nothing. And you’re losing it because you’re not only earning no interest, there’s opportunity costs. But now you get taxed on earning hardly any interest. So that’s my point for you guys want to diversify your savings, but for different ways to put it. But again, diversifying investments, whole another story, and it doesn’t have to look the traditional way. In fact, it could be better with less risk depending on how you do it. And you can do it well and you can make amazing returns and you can create cash flow now, which is the key.
We want that life today. Look at that. Sign on my board right here. I’m trying to get my finger on it. I’m trying to do this in reverse. There! There it is! Live your life now not tomorrow, right? This is about living that dream life today. Doesn’t mean you just go and blow it. This means you create the life now. That is the purpose of this podcast. Guys. Hope all of you make a wonderful and prosperous week. And we’ll see you later.
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worldfinancenews · 2 years
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alisoncorreia · 3 years
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We are real estate investors based in California. We have a steady stream of local flips we work on in the Orange, Los Angeles, San Bernardino and Riverside Counties of Southern California. We are also actively looking for value add multifamily investments 5-50 units in Nevada, Arizona, Texas, Florida, Oklahoma, Tennessee, North Carolina, Ohio. There are deals that sometimes don't work for us that work for other end buyers, or wholesalers. Join my buyers list to get some deals sent to you. I also represent a group of investors looking for deals to lend our money and joint ventures, in developments or flips. For longer term investments, we're currently looking for great value add investments in multifamily opportunities, and have been involved in syndications. Experience: Mortgage lending, creative financing, capital raises, joint ventures, rehabs, flips, buy and holds, wholesale, multifamily investments. Feel free to connect with me as I am always looking to add value through networking!
WhatsApp 👇
+1 989-455-0690
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How Do I Buy My First Commercial Property?
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Commercial real estate in Oklahoma is an excellent investment choice for an involved and dedicated investor. Here are a few steps to take to help make the best long-term commercial real estate OKC investment choice.
Do Your Research There are many types of commercial real estate in Oklahoma to invest in. A helpful first step to investing is choosing a niche and becoming an expert. While it is important to create a diverse portfolio, it helps to focus on one property type when you first begin.
Before selecting a property type, learn more about the industry by joining investment groups, reading articles and blog posts (like those featured on Horizon Commercial Real Estate), listening to podcasts, and speaking with established investors.
Select Your Property Type and Strategy After learning more about the industry, make your choice between the five primary types of commercial properties: multifamily, office, retail, industrial, and hospitality. Once you have chosen a property type, select your investment strategy:
● Land banking: purchasing tracts of land that someone else will develop on ● Development: buying land to develop on ● Fix and flip: purchasing and upgrading a property ● Wholesale: buying under contract to sell to another investor or owner-occupant ● Owner-occupied: purchasing a property to run your own business out of ● Value-add: buying, rehabbing, renting, and refinancing a property ● Passive: limiting the amount of buying and selling within your portfolio
Start Investing Learning how to underwrite investments is essential. You will need to track various factors to determine the expected returns, including the purchase price, estimated rehab costs, projected rent rates, and financing information.
Underwrite Deals Frequently As you begin, underwriting one deal every day can help you know what to look for in a property and what you want to get out of investing. This practice will help you make strong decisions.
Make Offers Often If you are serious about investing, a recommended starting point is making one offer every week. Because you are frequently viewing and underwriting properties, you should find enough properties worth investing in to do this.
Visit Horizon Commercial Real Estate to learn more about commercial real estate OKC opportunities.
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agilenano · 4 years
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Agilenano - News: How to Survive the Coronavirus Housing Crisis
A month ago, the worst fears of a coronavirus housing apocalypse were coming into view: According to the National Multifamily Housing Council, 31% of renters living in 11.5 million apartment units in the U.S. were late on the rent on April 5. That figure didn’t include the tens of millions of renters who live in single-family homes and other housing situations. But by hook or by crook, millions of American renters made it through April. By April 26, the share of apartment tenants who were late with the rent had fallen to 8% — enough to put the month just a few percentage points behind rent collection in March (95%) or April 2019 (96%). Now comes May, and the national unemployment rate has surged, reaching as high as 22%. To make sense of how deep the coronavirus housing crisis really runs and what might happen this month, CityLab asked readers to submit their most pressing questions about keeping a roof over their heads. Tenants and landlords alike sent in their thoughts and concerns. Some of these questions with answers follow (in condensed form). Q: Are renters going on strike? A: Yes. The national #CancelRent movement that took shape before May Day may be the largest rent strike in decades. Tenant organizers drummed up support for actions in Los Angeles, Philadelphia, New York, and other cities. We Strike Together, a joint partnership by a number of social justice organizations, counts more than 190,000 rent and mortgage strikes. In New York alone, the Upstate/Downstate Housing Alliance garnered more than 14,000 commitments to not pay the rent or mortgage, including some 57 apartment buildings. Q: How many people paid rent for May? A: There’s no way of knowing yet. If April was any indication, there won’t be a true answer for a while. Last month, people reached deep into savings or paid with credit cards. Some out-of-work tenants began receiving unemployment benefits; others are still on hold. Some people are now getting state-level benefits but not the $600 federal boost. Millions are waiting for their federal stimulus checks to arrive, but this is only a one-time payment — and $1,200 doesn’t even cover the average rent for a two-bedroom apartment anywhere in the country. With so many people struggling, landlords may not be in a hurry to evict their tenants, according to Flora Arabo, national senior director for state and local policy at the nonprofit Enterprise Community Partners. They may be willing to work with renters on partial rent or repayment plans in order to keep some income flowing. “Most housing providers don’t want to have to evict tenants,” Arabo says. “They want steady tenants who pay. For most providers, it’s a last-resort option. If there is a massive wave of evictions, that’s not good for the property owners either.” Q: Can renters be evicted during the pandemic? A: The answer depends on a couple of things: where renters live and what kind of mortgage their landlord has. States are all over the map on coronavirus tenant protections. Six states have taken no action (or next-to-no action) during the pandemic: Arkansas, Idaho, Wyoming, North Dakota and South Dakota. None of those states has passed any kind of statewide order to prevent evictions or foreclosures during the pandemic. (Marie Patino) Other states have done only the bare minimum in terms of tamping down coronavirus evictions. In Oklahoma and Georgia, for example, the states have extended deadlines for eviction proceedings. Those states are still conducting court hearings, but in most states — even those with limited tenant protections, such as Louisiana and Virginia — the courts are closed. Princeton University’s Eviction Lab  has produced a helpful scorecard for each state based on their Covid-19 housing policies. On a five-point scale, Massachusetts earns a 4.15, the highest score in the land; Georgia merits a whopping 0.08 (still better than some others). The National Consumer Law Project also offers detailed guides on eviction moratoriums for each state. Some cities have produced even stronger rules about evictions and foreclosures. There’s no central database for where cities stand yet. But any city that is willing and able to pass tougher regulations on landlords is likely to have a tenant advocate or another office that can provide more information. In April, a national bill to cancel and forgive all rent and mortgage payments for the duration of the crisis was introduced by Minnesota Representative Ilhan Omar. For now, though, renters still owe the rent, no matter where they live. Q: Does the landlord’s mortgage affect whether renters can be evicted? And how can renters get that information? A: Renters who live in a property backed by the federal government cannot be evicted for the time being. This eviction moratorium applies to a vast web of mortgages financed, insured or securitized by federal agencies (such as Fannie Mae and Freddie Mac) as well as homes subsidized through federal aid programs (like Section 8). For tenants in apartment buildings, there are a few tools available to figure out whether the eviction moratorium applies where they live. On May 4, Fannie Mae and Freddie Mac both launched look-up tools: Renters can enter their building name and address to find out whether the property is federally backed. The National Low Income Housing Coalition put out a similar tool in April. However, these tools won’t help the tens of millions of renters who live in single-family homes. The Federal Housing Finance Agency is working on that tool, but for now, renters in single-family homes, condos, and small apartment buildings will need to talk to their landlords to find out whether their units are covered by the eviction moratorium laid out by the CARES Act. Q: What happens if my lease ends while shelter-in-place orders are in effect? What about renters who don’t have written leases? A: Under normal circumstances, the lease itself describes what happens when the lease ends, whether it expires, renews for a certain term or converts to a month-to-month agreement. State laws outline default procedures for circumstances when the lease isn’t specific. A stay-at-home order would not block a lease from expiring or renewing. But a federal, state, or local eviction moratorium would stop a landlord from removing a tenant or a leaseholder from kicking out a subletter. “Even if a tenant’s lease has expired and the person hasn’t moved out, the landlord is required to take the tenant to court and cannot lawfully resort to ‘self help’ such as changing locks or disconnecting utility service,” says Eric Dunn, director of litigation for the National Housing Law Project. “It’s kind of a legal twilight zone where the tenant may not have the ‘right’ to possession of the premises, but does have the right not to be evicted except through judicial means.” So it comes down to the eviction moratorium. Under the CARES Act, landlords have to give tenants a 30-day notice to evict after the moratorium expires. Many of the state and local moratoriums don’t have this buffer, so tenants without a lease could be out as soon as the order expires. Landlords may not be in any hurry to see their tenants out the door. In fact, the opposite might be true: Landlords (or lease-holders) may ask tenants (or subletters) to sign full-year leases right away in order to guarantee the rent. Q: Is there any sort of housing assistance to help out with the cost of rent during Covid-19? A: In some places, yes. For example, in Massachusetts, a program called Rental Assistance for Families in Transition provides up to $4,000 for households in distress, and the state added $5 million in funding for households affected by Covid-19. In Dallas, more than 16,000 people flocked to apply for rent and mortgage assistance on Monday, the day the city opened its program. Housing experts are calling on Congress and federal agencies to do a lot more to make aid for renters available everywhere. Q: Due to the pandemic, some renters can’t use building amenities like gyms, lounges, courtyards, and roof decks. Can renters ask for partial coronavirus rent abatement? A: Maybe! But before you ask, you might want to remember that many landlords report spending more on maintenance costs, hiring cleaners ‘round the clock to scrub mail rooms and common spaces. Rent abatements are subject to normal lease rules. Rent increases are frozen in a few cities and states for now. Q: What can landlords do if their tenants can’t pay the rent? What  about homeowners who can’t pay their mortgage? A: More than 3.8 million homeowners are now in mortgage forbearance plans — which is more than 7 percent of all mortgage holders. Homeowners and landlords with federally backed mortgages may be able to defer their mortgage payments for up to a year, with no added interest, late fees, or penalties. The National Consumer Law Center has assembled a guide for property owners to determine whether their homes or buildings are federally backed or insured. The federal government is offering the best possible terms for mortgage forbearance. Banks are offering their own forbearance plans, however, often with terms that are less beneficial for borrowers. Hello Lender, a tool for mortgage borrowers experiencing financial distress, auto-generates a letter to lenders to declare the homeowner’s participation in the federal forbearance program. The free tool — a product by Six Fifty, the technology arm of the law firm Wilson Sonsini — works a little bit like TurboTax. Borrowers enter their information, and the tool spits out a letter with all the qualifying information. Q: How can renters get their landlords to work with them on the rent? What if the property owner is a corporation or real estate investment trust? A: Six Fifty offers another tool, Hello Landlord, for renters to issue notices to landlords that outline tenant rights under state law and the CARES Act. Written notice might be the best approach to take for renters living in large multifamily buildings owned by a corporate landlord. Nobody knows what happens when eviction moratoriums expire. When the $600-a-week federal expansion to unemployment benefits expires in August, it could trigger a massive wave of delinquencies for out-of-work renters and borrowers. At the same time, a wave of evictions could be followed by a glut of rental vacancies, which doesn’t serve landlords’ interests. Short of sweeping rent strikes, many housing experts encourage renters to call their landlords, explain their situation, and see what they can work out. “Renters are responsible people,” Arabo says. “They want to pay their rent. They don’t want to lose their housing.”
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Agilenano - News from Agilenano from shopsnetwork (4 sites) https://agilenano.com/blogs/news/how-to-survive-the-coronavirus-housing-crisis
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melvinfellerstuff · 5 years
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Melvin Feller MA Discussed the Divide and Conquer Aspect of Real Estate Investing
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Melvin Feller MA Discussed the Divide and Conquer Aspect of Real Estate Investing
Melvin Feller is known as “The Entrepreneur’s Mentor” because Melvin walks his talk. Melvin Feller has been there and done that and more importantly, Melvin Feller knows how to transfer the skill set for success.  This is main reason that he has been the sought after coach to hundreds of small business owners, entrepreneurs, Realtors, Real estate investors and service professional internationally. Melvin Feller’s main talent is to show you how the step by step process to build and enjoy a successful 6-figure plus business while having a balanced life.  Melvin Feller maintains an office in Texas.  Melvin Feller is currently pursuing another graduate degree as an MBA.
 Are you in different to the different sectors within your real estate market? New real estate investors often start without a plan or system. They are simply looking to buy real estate from a motivated seller. You should be concerned about the market demand for that particular type property (sector). Each sector has its own unique qualities and the demand varies for each one. While your overall real estate market could be hot, a particular sector of your market could suffer from a diminishing demand for several reasons. Get to know each sector within your market.
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The better understanding you have of each sector will better prepare you for seizing the right opportunity. Even experienced investors will often lump their market into two categories - residential and commercial. In order to understand each sector you should break it down further. Individual sectors can often soften because of government regulations, new construction, economic downturn and job loss in the area, and even rumors while others remain strong.
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Let me show you how to break down a market into several different sectors. Remember, each market may have sectors that do not exist in other areas. For example, a coastal city will have resort or tourist properties and even those can be broken down further. 
Condominiums
Fee-simple multifamily
Townhomes
Single-family
Mobile homes with land
Mobile Homes in campgrounds
Modular Homes
Waterfront
Water view
Timeshare
  Do not evaluate and determine the status of the resort market as a whole. Evaluate each sector separately from the other in order to determine the current and future demand. See the following example
EXAMPLE: Imagine a condominium  market becomes saturated and the demand drops. Does this result in the other  sectors softening in the same market. Not necessarily. The other sectors of  that market could maintain momentum even though the condo market has stalled.
 Let us continue with the same city. Now you want to determine the demand of the long-term rental market for locals. Is that alone one sector? It would seem that the rental market is just one sector of the residential sector... right.
 Wrong!
 Your residential rental market could be composed of
Single-Family Homes
Townhomes/Garden Homes
Large Middle-class Multifamily
Large Lower-income Multifamily
Mobile Home Parks
Mobile Homes with Land
Small Apartments 2 to 8 units
Condominiums
  Plenty of mistakes can be made when investors or developers ignore the above and evaluate a sector along with the whole market. One market that I am in has a soft townhome market and another is saturated with apartments, which drives the rents down. Some apartment buildings were foreclosed on in that market as a result. Is it time to buy you ask? I might agree except new apartment buildings are still being built! That is why they only get $1250 a month for a three-bedroom apartment! With that said, the single-family home rental market is strong, low-income and middle-class. So trying to judge this rental market by the apartment sector alone would be a mistake.
 Therefore, the lesson is, do not judge an entire market or sector by comparing it to another sector. Study each sector and evaluate each one on its own merit.
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 Melvin Feller MA is in Texas and in Oklahoma. Melvin Feller founded Melvin Feller Business Group and Melvin Feller Ministries in the 1970s to help individuals and organizations achieve their specific Victory. Victory as defined by the individual or organization are achieving strategic objectives, exceeding goals, getting results or desired outcomes and a positive outreach with grace and as a ministries. He has extensive experience assisting businesses achieve top and bottom line results. He has broad practical experience creating WINNERS in many organizations and industries. He has hands-on experience in executive leadership, operations, logistics, sales, program management, organizational development, training, and customer service. He has coached teams to achieve results in strategic planning, business development, organizational design, sales, and customer response and business process improvement. He has prepared and presented many workshops nationally and internationally.
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tri-2022 · 1 year
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What is Multi-Family Real Estate Investing?
Introduction
Multi-family real estate investing is a popular and lucrative strategy for building wealth and generating passive income. In this blog, we will delve into the concept of multi-family real estate investing, exploring its definition, advantages, key considerations, and how to get started in this exciting venture.
Understanding Multi-Family Real Estate Investing
Multi-family real estate investing involves the acquisition and ownership of properties that consist of multiple residential units. These units can range from duplexes and triplexes to larger apartment complexes. Unlike single-family homes, which are designed to accommodate only one family, multi-family properties offer the opportunity to house multiple tenants, increasing the potential for rental income.
The Advantages of Multi-Family Real Estate Investing
Investing in multi-family properties comes with several significant advantages:
1. Diversified Income
One of the most significant benefits of multi-family real estate investment is the ability to generate diversified income. With multiple units, you are not reliant on the income from a single tenant, reducing the risk of financial instability due to vacancies.
2. Economies of Scale
Managing multiple units in a single property allows for economies of scale. Operating and maintenance costs can be spread across the units, making it more cost-effective than owning multiple single-family properties.
3. Appreciation Potential
Multi-family properties tend to appreciate in value over time, which can lead to substantial long-term returns on investment.
4. Tax Benefits
Real estate investors enjoy various tax deductions and benefits, including deductions for property taxes, mortgage interest, and depreciation.
5. Professional Management
With multi-family properties, it becomes feasible to hire professional property management services, reducing the burden of day-to-day operations and tenant interactions.
6. Housing Demand
The demand for rental properties, especially multi-family units, remains consistent even in challenging economic times, making it a stable investment option.
7. Wealth Building
Investing in multi-family real estate provides an avenue for building long-term wealth through consistent rental income and property appreciation.
The related Multifamily investment strategy
Key Considerations for Multi-Family Real Estate Investing
Before diving into multi-family real estate investing, it's crucial to consider some essential factors:
1. Research and Due Diligence
Thoroughly research the real estate market in the area where you plan to invest. Look for neighborhoods with good growth potential and low vacancy rates.
2. Financing Options
Explore various financing options, including traditional mortgages, government-backed loans, and partnerships, to determine the most suitable funding method for your investment.
3. Property Condition
Inspect the property's condition before purchasing. Renovations and repairs can eat into your budget, so it's essential to assess the property's overall condition and estimate potential renovation costs.
4. Tenant Screening
Develop a robust tenant screening process to ensure you attract responsible tenants who pay rent on time and take care of the property.
5. Property Management
Decide whether you will manage the property yourself or hire a professional property management company to handle day-to-day operations.
6. Cash Flow Analysis
Perform a thorough cash flow analysis to determine the potential income and expenses associated with the property. Ensure that the rental income covers all costs and provides a positive cash flow.
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gthokc-blog · 4 years
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Multi-Family & Gardner Tanenbaum Holdings
Multifamily Real Estate Developer OKC - Multi family:- Are you interested in investing in multifamily real estate? Gardner Tanenbaum Holdings has years of multifamily real estate development experience in Oklahoma City, OKC
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meraenthusiast · 4 years
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Don’t Be Afraid To Fail – Your Wealth Will Thank You
Don’t Be Afraid To Fail – Your Wealth Will Thank You
FOMO (Fear Of Missing Out) is one of the major issues kids and adults alike are facing these days. Being able to see that your friends are at a party that you weren’t invited to on social media (Snapchat) makes this even worse for kids.
For us older folks, this may not be as much of a concern as it is for our kids, but it’s definitely real none the less.
As parents, we MUST be vigilant in teaching our kids about another type of failure…the fear of failure. They must learn that it’s OK to fail as it helps pave the way to success!
And it’s also OK for us adults to fail too.
Don’t Be Afraid To Fail
Nobody WANTS to be a failure. But if you want to find the most direct path to success in life then you must realize it’s going to taking failing…actually failing often.
Famous failures
If you’re an avid Shark Tank fan like myself, then you realize that a common trait shared by many of those pitching to the sharks is failure.
As a matter of fact, most if not ALL of the sharks have had failures which eventually led to their massive success.
The list of famous people that have failed is endless but two familiar ones are:
Thomas Edison – Mr. Edison actually failed 10,000 times before he created the light bulb.
Michael Jordan – If you haven’t watched The Last Dance: The Untold Story Of Michael Jordan’s Chicago Bulls documentary, then do so NOW.
Jordan’s mom was interviewed on the show and described in detail about the day that MJ came home crying after he FAILED to make the varsity basketball team. How’s that for a failure?
Causes Of Fear Of Failure
Failing means something different to each person. Failure to me might be nothing more than a learning experience for you.
We start to see problems when we develop a FEAR of failure (similar to a fear of money) which can paralyze us from moving forward to achieving our goals.
There can be several causes where we develop this fear but two main sources are:
#1 Parents/coach/teacher
Many times we acquire a fear of failure in childhood from a critical parent or undermining coach/teacher.
Especially if they humiliated us in front of our peers which would cause us to carry those negative feels into adulthood.
#2 Traumatic life event
Another main source where our fear of failure stems from is experiencing a traumatic event at some point in our lives.
The #1 fear that people have is the fear of public speaking which is actually ahead of death and spiders!
I can attest to this as a few years ago I had to give a talk in front of 1,000 people.
Typically the audiences I was used to was under 50 people so the thought of speaking to 1,000+ people was frightening.
Luckily, I got through it but now understand what the thought of speaking in front of a large group of people can do to your nerves.
Sometimes when people go through this type of experience and freeze up, it causes so much devastation that they can become afraid of failing at other things too.
Remember, don’t be afraid to fail!
Passive Vs Active Failure
Experiencing a failure and being labeled a failure are two totally different things.
To help with this confusion, let’s categorize failure into:
Passive and Active
Passive failure
We’re all quite familiar with passive failure, especially during our time spent in the classroom. If we didn’t study for a test then there was a good chance that we failed.
This is an example of passive failure where we put forth little to no effort and have poor results to show for it.
Other areas we frequently see this in are sports (didn’t practice) or relationships.
The best thing you can hope for from this type of failure is learning whatever negative life lesson that comes about when you don’t try.
Active failure
I recently asked my 15 year old, “What’s it called when a baby tries to walk but falls down?” He didn’t hesitate to answer, “Learning“.
Nobody would call this failing as the baby is trying to walk. It’s a gradual process or repeated attempts and falling down that eventually leads to the path of success (walking).
This is an example of active failure. We try, fail, adjust, learn and repeat the process.
Yet somewhere between the time when we’re infants to adulthood, many of us develop a phobia about failing even though it’s necessary along the path to success.
Failure Done Right
Too many people fear failure because they let it shape their identity. They tell themselves, “I don’t want to be a failure so therefore I don’t try.”
Failure done right doesn’t define you, it refines you.
Life is dull, boring and meaningless unless you’re pushing against your limits. And remember these are YOUR limits, not someone else’s. The worst thing you can do during your learning process is compare yourself to others.
There’s ALWAYS going to be someone better, wealthier, better looking (well, maybe?:) ) bigger, faster and stronger than you.
If you want to improve in different areas of your life then unfortunately failure is going to be part of the deal.
But that’s OK because you CAN fix failure but you can’t fix the things you’ve never tried.
What do you wish you could do, but have never tried?
There’s so much out there to experience but too many of us fail to try….for fear of failure.
I’ve led a great life so far and hopefully the good Lord will allow me to continue to for many more years.
But, I’ve also had my share of defeats, too.
Let me tell you about one in particular…
My Big Failure
I got into real estate investing after I realized my only source of income came from the dental practice.
After investing in a handful of smaller deals on crowdfunding sites, I set my sights on greener pastures and decided to dive into my first multifamily syndication.
If you want more details, you can read about it here:
Related article: What I Learned From Losing $50,000
The apartment complex was located in Oklahoma and had the following projections:
cash on cash return = 6-8%
internal rate of return (IRR) = 17.9% – 19.9%
At that time during my real estate investing career, I was CLUELESS. Shiny bright objects was the only way I knew to invest.
So whatever property looked the best and had the highest returns then I was all in.
Little did I know at the time I was setting myself up for failure but remember, we should never be afraid to fail!
Long story short, all investors lost their money and I could have given up…but didn’t.
This is the main event that pushed me to educating myself and now others on this blog, to help avoid the same types of mistakes I used to make.
Final Thoughts
Everything you want to accomplish in life is going to require a process of learning, attempting, failing, adjusting and repeating the process.
Failure is a nonnegotiable stop on the road to success.
Have you wanted to learn more about building passive income with real estate but the thought of failure has been holding you back?
Never fear!! Join the Free Passive Investors Circle today to get started on your road to success.
The post Don’t Be Afraid To Fail – Your Wealth Will Thank You appeared first on Debt Free Dr..
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oklomacom · 3 years
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Happy Investments, Inc. has been a Commercial Mortgage Broker serving Nationwide Since 2005. Happy Investments, Inc. focusing on Commercial Real Estate Mortgage loans. Our specialty is providing financing to people with Complicated Financial Situations. Our Company has many Commercial Mortgage programs feature Competitive Interest Rates, Low Down Payment Requirements, Flexible Underwriting Guidelines, each of these features are designed to make your Mortgage Loan more Affordable. We Provide Commercial Hard Money Loans, Commercial Private Money Loans, Commercial Real Estate Equity Loans, Commercial Loans, Commercial Construction Loans, Transnational Funding, Hotels/Motels, Multifamily, Industrial, Mixed Use, Retail, Office, Self-Storage, Nursing and Assisted Living, Medical Building Loans, SBA Loans, Doctors Loans and Many More
Commercial Real Estate Mortgage Financing Oklahoma City OK, Offer Mortgage Loans Locally and Nation Wide, Provide Commercial Mortgage Real Estate Loans, Business loans for Commercial Real Estate, Private Money Commercial Real Estate, Hotels/Motels, Transnational Funding, Multifamily, Industrial, Mixed Use, Golf Courses, Retail, Office, Self-Storage, Nursing and Assisted Living Loans, Apartments Loans, SBA Loans, Doctors Loans and Many More
Contact Us: Commercial Real Estate Mortgage Financing Oklahoma City OK 1522 NW 7th St. # E Oklahoma City, OK 73106 Phone: 405-838-1010 Email: [email protected] Website: http://www.happyinvestmentsinc.com/best-commercial-real-estate-mortgage-loans-oklahoma-city-ok/
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yourmaryarena · 5 years
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Just Released 3rd Quarter 2019 Leading Rental Income Markets
         LOS ANGELES, CA. The Center for Real Estate Studies (CRES) research report has just released their third quarter 2019 issue of “Market Cycles".  It gives a forward look at more than 150 income rental markets with “buy, sell or hold” recommendations. This publication gives the real estate investor a two-year head start on where and when to invest in rental income properties.
           The current number of markets in the “Sell Phase” is  forty-eight, according to Eugene E. Vollucci, Director of CRES. The number of markets in the “Buy Phase” is eighteen. Mr. Vollucci states, “This quarter the three top buy recommendations are Milwaukee, WI, West Palm Beach, FL and Youngstown, PA. The three top sell recommendations are New York, NY, Eugene, OR and Raleigh, NC.” according to Mr. Vollucci.
           In this edition of our Market Cycles, we find the national vacancy rates in the second quarter 2019 were 6.8 percent for rental housing and 1.3 percent for homeowner housing. The rental vacancy rate of 6.8 percent was virtually unchanged from the rate in the second quarter 2018 and not statistically different from the rate in the first quarter 2019 . The homeowner vacancy rate of 1.3 percent was 0.2 percentage points lower than the rate in the second quarter 2018, but not statistically different from the rate in the first quarter 2019.
           Approximately 87.8 percent of the housing units in the United  States in the second quarter 2019 were occupied and 12.2 percent were vacant. Owner-occupied housing units made up 56.3 percent of total housing units, while renter-occupied units made up 31.5 percent of the inventory in the second quarter 2019.
             Unemployment rates were lower in August in 5 states, higher in 3 states, and stable in 42 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported today. Five states had jobless rate decreases from a year earlier, 2 states had increases, and 43 states and the District had little or no change. The national unemployment rate, 3.7 percent, was unchanged over the month and little changed from August 2018.
             Nonfarm payroll employment increased in 5 states in August 2019, decreased in 1 state, and was essentially unchanged in 44 states and the District of Columbia. Over the year, 26 states added non-farm payroll jobs and 24 states and the District were essentially unchanged. Nonfarm payroll employment increased in five states in August 2019. The largest job gains occurred in California (+34,500), Florida (+22,500), and Georgia (+20,800). The largest percentage gains occurred in Kansas (+0.6 percent), Georgia (+0.5 percent), and Arizona (+0.4 percent). Employment decreased in August in Oklahoma (-0.5 percent).
             Twenty-six states had over-the-year increases in nonfarm payroll employment in August. The largest job gains occurred in California (+314,200), Texas (+303,500), and Florida (+221,200). The largest
percentage gains occurred in Nevada (+3.0 percent), Utah (+2.8 percent), and Washington (+2.6 percent).
              National vacancy rates in the second quarter 2019 were 6.8 percent for rental housing and 1.3 percent for homeowner housing. The rental vacancy rate of 6.8 percent was virtually unchanged from the rate in the second quarter 2018 and not statistically different from the rate in the first quarter 2019 (7.0 percent). The homeowner vacancy rate of 1.3 percent was 0.2 percentage points lower than the rate in the second quarter 2018, but not statistically different from the rate in the first quarter 2019. The homeownership rate of 64.1 percent was not statistically different from the rate in the second quarter 2018 nor from the rate in the first quarter 2019.
           The enduring strength of the apartment market was the main takeaway of the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for July 2019, as the Market Tightness (60), Equity Financing (56), and Debt Financing (80) indexes all came in above the breakeven level (50). The Sales Volume Index (48) indicated a continued softness in property sales, albeit with considerable disagreement among respondents.
         "These latest figures illustrate that, in spite of construction levels hovering near recent highs, there remains significant pent-up demand for apartments," noted NMHC Chief Economist Mark Obrinsky. "Nearly a third (32 percent) of respondents reported stronger rents and occupancy levels, while just 11 percent indicated looser market conditions."           While the industry outlook is positive, political and regulatory threats like rent control threaten to upend regional markets. Among respondents to the NMHC Quarterly Survey, sixty-two percent operate in jurisdictions that have either recently imposed rent control or are seriously considering doing so. Of this group, a fifth (20 percent) has already cut back on investment or development in these markets, while an additional 60 percent is considering making changes in the future.  
ABOUT THE AUTHOR: Eugene E. Vollucci,  is considered to be one of the foremost authorities on real estate taxation and  investing and has authored books in these fields published by John Wiley & Sons of New York. He is the Director of the Center for RE Studies, a real estate research organization. To learn more about the Center, please visit our web site at http://www.calstatecompanies.com
 UTUBE: https://youtu.be/868wrjNPQFM
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agilenano · 4 years
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Agilenano - News: Your Coronavirus Housing Questions, Answered
A month ago, the worst fears of a coronavirus housing apocalypse were coming into view: According to the National Multifamily Housing Council, 31% of renters living in 11.5 million apartment units in the U.S. were late on the rent on April 5. That figure didn’t include the tens of millions of renters who live in single-family homes and other housing situations. But by hook or by crook, millions of American renters made it through April. By April 26, the share of apartment tenants who were late with the rent had fallen to 8% — enough to put the month just a few percentage points behind rent collection in March (95%) or April 2019 (96%). Now comes May, and the national unemployment rate has surged, reaching as high as 22%. To make sense of how deep the coronavirus housing crisis really runs and what might happen this month, CityLab asked readers to submit their most pressing questions about keeping a roof over their heads. Tenants and landlords alike sent in their thoughts and concerns. Some of these questions with answers follow (in condensed form). Q: Are renters going on strike? A: Yes. The national #CancelRent movement that took shape before May Day may be the largest rent strike in decades. Tenant organizers drummed up support for actions in Los Angeles, Philadelphia, New York, and other cities. We Strike Together, a joint partnership by a number of social justice organizations, counts more than 190,000 rent and mortgage strikes. In New York alone, the Upstate/Downstate Housing Alliance garnered more than 14,000 commitments to not pay the rent or mortgage, including some 57 apartment buildings. Q: How many people paid rent for May? A: There’s no way of knowing yet. If April was any indication, there won’t be a true answer for a while. Last month, people reached deep into savings or paid with credit cards. Some out-of-work tenants began receiving unemployment benefits; others are still on hold. Some people are now getting state-level benefits but not the $600 federal boost. Millions are waiting for their federal stimulus checks to arrive, but this is only a one-time payment — and $1,200 doesn’t even cover the average rent for a two-bedroom apartment anywhere in the country. With so many people struggling, landlords may not be in a hurry to evict their tenants, according to Flora Arabo, national senior director for state and local policy at the nonprofit Enterprise Community Partners. They may be willing to work with renters on partial rent or repayment plans in order to keep some income flowing. “Most housing providers don’t want to have to evict tenants,” Arabo says. “They want steady tenants who pay. For most providers, it’s a last-resort option. If there is a massive wave of evictions, that’s not good for the property owners either.” Q: Can renters be evicted during the pandemic? A: The answer depends on a couple of things: where renters live and what kind of mortgage their landlord has. States are all over the map on coronavirus tenant protections. Six states have taken no action (or next-to-no action) during the pandemic: Arkansas, Idaho, Wyoming, North Dakota and South Dakota. None of those states has passed any kind of statewide order to prevent evictions or foreclosures during the pandemic. (Marie Patino) Other states have done only the bare minimum in terms of tamping down coronavirus evictions. In Oklahoma and Georgia, for example, the states have extended deadlines for eviction proceedings. Those states are still conducting court hearings, but in most states — even those with limited tenant protections, such as Louisiana and Virginia — the courts are closed. Princeton University’s Eviction Lab  has produced a helpful scorecard for each state based on their Covid-19 housing policies. On a five-point scale, Massachusetts earns a 4.15, the highest score in the land; Georgia merits a whopping 0.08 (still better than some others). The National Consumer Law Project also offers detailed guides on eviction moratoriums for each state. Some cities have produced even stronger rules about evictions and foreclosures. There’s no central database for where cities stand yet. But any city that is willing and able to pass tougher regulations on landlords is likely to have a tenant advocate or another office that can provide more information. In April, a national bill to cancel and forgive all rent and mortgage payments for the duration of the crisis was introduced by Minnesota Representative Ilhan Omar. For now, though, renters still owe the rent, no matter where they live. Q: Does the landlord’s mortgage affect whether renters can be evicted? And how can renters get that information? A: Renters who live in a property backed by the federal government cannot be evicted for the time being. This eviction moratorium applies to a vast web of mortgages financed, insured or securitized by federal agencies (such as Fannie Mae and Freddie Mac) as well as homes subsidized through federal aid programs (like Section 8). For tenants in apartment buildings, there are a few tools available to figure out whether the eviction moratorium applies where they live. On May 4, Fannie Mae and Freddie Mac both launched look-up tools: Renters can enter their building name and address to find out whether the property is federally backed. The National Low Income Housing Coalition put out a similar tool in April. However, these tools won’t help the tens of millions of renters who live in single-family homes. The Federal Housing Finance Agency is working on that tool, but for now, renters in single-family homes, condos, and small apartment buildings will need to talk to their landlords to find out whether their units are covered by the eviction moratorium laid out by the CARES Act. Q: What happens if my lease ends while shelter-in-place orders are in effect? What about renters who don’t have written leases? A: Under normal circumstances, the lease itself describes what happens when the lease ends, whether it expires, renews for a certain term or converts to a month-to-month agreement. State laws outline default procedures for circumstances when the lease isn’t specific. A stay-at-home order would not block a lease from expiring or renewing. But a federal, state, or local eviction moratorium would stop a landlord from removing a tenant or a leaseholder from kicking out a subletter. “Even if a tenant’s lease has expired and the person hasn’t moved out, the landlord is required to take the tenant to court and cannot lawfully resort to ‘self help’ such as changing locks or disconnecting utility service,” says Eric Dunn, director of litigation for the National Housing Law Project. “It’s kind of a legal twilight zone where the tenant may not have the ‘right’ to possession of the premises, but does have the right not to be evicted except through judicial means.” So it comes down to the eviction moratorium. Under the CARES Act, landlords have to give tenants a 30-day notice to evict after the moratorium expires. Many of the state and local moratoriums don’t have this buffer, so tenants without a lease could be out as soon as the order expires. Landlords may not be in any hurry to see their tenants out the door. In fact, the opposite might be true: Landlords (or lease-holders) may ask tenants (or subletters) to sign full-year leases right away in order to guarantee the rent. Q: Is there any sort of housing assistance to help out with the cost of rent during Covid-19? A: In some places, yes. For example, in Massachusetts, a program called Rental Assistance for Families in Transition provides up to $4,000 for households in distress, and the state added $5 million in funding for households affected by Covid-19. In Dallas, more than 16,000 people flocked to apply for rent and mortgage assistance on Monday, the day the city opened its program. Housing experts are calling on Congress and federal agencies to do a lot more to make aid for renters available everywhere. Q: Due to the pandemic, some renters can’t use building amenities like gyms, lounges, courtyards, and roof decks. Can renters ask for partial coronavirus rent abatement? A: Maybe! But before you ask, you might want to remember that many landlords report spending more on maintenance costs, hiring cleaners ‘round the clock to scrub mail rooms and common spaces. Rent abatements are subject to normal lease rules. Rent increases are frozen in a few cities and states for now. Q: What can landlords do if their tenants can’t pay the rent? What  about homeowners who can’t pay their mortgage? A: More than 3.8 million homeowners are now in mortgage forbearance plans — which is more than 7 percent of all mortgage holders. Homeowners and landlords with federally backed mortgages may be able to defer their mortgage payments for up to a year, with no added interest, late fees, or penalties. The National Consumer Law Center has assembled a guide for property owners to determine whether their homes or buildings are federally backed or insured. The federal government is offering the best possible terms for mortgage forbearance. Banks are offering their own forbearance plans, however, often with terms that are less beneficial for borrowers. Hello Lender, a tool for mortgage borrowers experiencing financial distress, auto-generates a letter to lenders to declare the homeowner’s participation in the federal forbearance program. The free tool — a product by Six Fifty, the technology arm of the law firm Wilson Sonsini — works a little bit like TurboTax. Borrowers enter their information, and the tool spits out a letter with all the qualifying information. Q: How can renters get their landlords to work with them on the rent? What if the property owner is a corporation or real estate investment trust? A: Six Fifty offers another tool, Hello Landlord, for renters to issue notices to landlords that outline tenant rights under state law and the CARES Act. Written notice might be the best approach to take for renters living in large multifamily buildings owned by a corporate landlord. Nobody knows what happens when eviction moratoriums expire. When the $600-a-week federal expansion to unemployment benefits expires in August, it could trigger a massive wave of delinquencies for out-of-work renters and borrowers. At the same time, a wave of evictions could be followed by a glut of rental vacancies, which doesn’t serve landlords’ interests. Short of sweeping rent strikes, many housing experts encourage renters to call their landlords, explain their situation, and see what they can work out. “Renters are responsible people,” Arabo says. “They want to pay their rent. They don’t want to lose their housing.”
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CoreLogic’s Partner InfoNet revenue sharing grew 66% in 2014
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Corelogic’ santa clara
Mortgage.jpmorgan reportedly selling
Genworth mortgage insurance corporation
2017 genworth financial
Executive wolters kluwer
CoreLogic’s Partner InfoNet revenue sharing grew 66% in 2014 2015 marks worst year for investor agility The Pentagon’s contract management agency forecasts lockheed martin Corp. will deliver 57 of its F-35 jets this year, nine fewer than the company plans. The No. 1 defense contractor "did not meet.Home – InfoNET Africa – InfoNET is a.
CoreLogic’s Partner InfoNet revenue sharing grew 66% in 2014. Bonetti. Contents. State hfa.loandepot offers;. View our product range to help you grow revenue, improve efficiency and manage risk.. Revenue sharing is the distribution of revenue, that is the total amount of income generated.
Altos predicts a ‘catfish recovery’ for housing market Bob McNally. The time is right for a well earned summer fishing fling, and it’s great to include the family, too. The trouble with such an angling sabbatical, however, is where to go, what to expect, and who’s a good contact at the destination.
PennyMac’s revenue growth was driven by its mortgage banking revenue, which rose 41% in 2014 to $467.9 million. “PennyMac Financial continued to grow its core mortgage banking businesses during the.
CoreLogic (CLGX) announced that the revenue sharing payments from its Partner InfoNet program increased by 66% in 2014, growing In exchange for participating in the program, the MLSs recieve a share of the revenue from the sale of these risk management products with participating MLSs.
CoreLogic (CLGX) announced that the revenue sharing payments from its Partner InfoNet program increased by 66% in 2014, growing to more than $1 million.
Contents Median list price National credit union administration board $50.3 National credit union Communicatons decency act Insights platform. corelogic’ santa clara County home prices rose in August Santa Clara home values have declined -8.4% over the past year and Zillow predicts they will fall -9.4% within the next year.
Home Depot piggybacks off housing recovery Investors have accounted for a huge portion of this housing recovery and it was. and distressed properties come off the market, significant expenditures are necessary for revamping most of these.
* Note: Revenue Growth reflects CAGR for total company revenue growth between 2011 and 2018; EPS reflects CAGR for Diluted EPS between 2011 and 2018; Capital Returned reflects total $ value of common shares repurchased between 2011 and 2018; ROE reflects the return on common equity for 2018.
JPMorgan reportedly selling $373M prime new issue RMBS ReverseVision launches interactive comparison tool for reverse mortgages June 10, 2015 (SEND2PRESS NEWSWIRE) – ReverseVision, Inc. (www.reversevision.com) announced the launch of their new RV Support. innovations building on pioneering capabilities in reverse mortgage.jpmorgan reportedly selling 3m 2018 supreme court ruling Shares of Beyond Meat Inc. (NASDAQ: BYND) were down over 20% in morning hours on Tuesday after JP Morgan downgraded the stock from Overweight to Neutral.The firm has set its price target at $120.Genworth Mortgage reduces rates for high-credit borrowers Genworth offers the MI plan that fits the needs of you and your borrower. For more information contact your Genworth representative, visit us online at mi.genworth.com, call the ActionCenter at 800 444.5664 or run an online comparison on Rate Express. 12296743.0817 genworth mortgage insurance corporation 2017 genworth financial, Inc.Freddie Mac: Threat of shadow inventory subsides, home prices rise Starbucks said they hired an expert to.FHFA pointed out that increases in house prices over the past couple of years have generally led to the rise in home equity even for delinquent homeowners, influencing the type of loan modification.. Other than interim final rules, this includes all cfpb final rules, including procedural and interpretive.
CoreLogic’s Partner InfoNet revenue sharing grew 66% in 2014 BANGALORE, INDIA: Despite the not-so-good funding scenario, the startup ecosystem in India is poised to grow by an impressive 2.2X to reach. Tier-II/III cities have established 66% of the new.
Former Accenture exec invests in Class Valuation as CEO Construction spending flatlines in May as homebuilding declines New home sales fell 7% in December 2018 Women of Influence: Kirstin McMullen Ryan Merriman divorce, married, girlfriend, wife, affair, net worth, salary | Ryan Earl Merriman was born on April 10, 1983 in Choctaw, Oklahoma. He is an American actor for the movies and the TV. He began acting in commercial when he was very young, and he also did print work, acted in the local theater "Stage Struck Studios", and performed as a vocal actor.New home sales fell in December, falling 7% below November’s revised rate of 445,000 sales to a seasonally adjusted annual rate of 414,000 units, the Commerce Department reported Monday.AGOURA HILLS, Calif., May 2, 2019 /PRNewswire/ – american homes 4 rent (AMH) (the "Company"), a leading provider of high quality single-family homes for rent, today announced its financial and. An interesting study from Kroll finds single-family rental properties whose rent payments were bundled into securitizations in Blackstone’s initial.New 30-year debt: FHA to collect MIPs for life of mortgage veros warns housing hot spots won’t stay as hot Obama Scorecard warns economy remains fragile freddie Mac multifamily rankings affirmed by Fitch, Morningstar and S&P FHFA: Principal reduction would cost Fannie, freddie 0 billion It would cost Fannie Mae and Freddie Mac almost $100 billion to write down the principal on the underwater loans they control to current market values, according to a new estimate released by the Federal housing finance agency.. The $100 billion tab – on three million loans – would have to be paid by taxpayers in "addition to the credit losses both Enterprises are currently experiencing.Executive Conversation: Art Castner on robust, dynamic property insurance solutions Paulo Sousa, Board Member of Caixa Geral de Depósitos, was appointed Chief Executive Officer of BCI in 2013. a bank with resources to support local entrepreneurship, promoting their solutions, and.Officials warn that, while the recovery is in full effect right now, there is regional variation and the overall U.S. economy still remains fragile. "The Obama administration’s efforts to speed. APEC warns of fragile recovery, sees unemployment as challenge Ministers of the Asia-Pacific Economic Cooperation forum on Thursday said the recovery of the global economy was still shaky and expected to be uneven while warning of still-high unemployment rates in some nations. Obama’s August.Fannie Mae Cracks Down on strategic defaulters fannie mae cracks Down on Strategic Defaulters Fannie Mae announced plans Wednesday to get tough with strategic defaults. fannie said that borrowers who default when they are able to pay won’t be able to get another Fannie Mae mortgage for seven years. The current wait is five years. NEWS ROUND-UP: Are we heading for the retail apocalypse?.It’s a mandate that could take her almost anywhere in the world in the next three years, including its most volatile hot spots. "Conflict follows me. "My guess is, they thought, ‘She won’t be.Strategic Planning Master Class Internal Consulting Master Class Course Search. Sweet is currently chief executive officer of Accenture’s business in North. an integral role in the company’s business and investment strategy.. and core values, and a focus on delivering value to shareholders.
CoreLogic (CLGX) announced that the revenue sharing payments from its Partner InfoNet program increased by 66% in 2014, growing to more than $1 million. “In turn, revenue sharing payments continue.
MBA economist sees home price recovery, but hurdles remain PHH Home Loans adds Steve Majerus as western regional executive wolters kluwer warns TRID brings steep learning curve CoreLogic’s Partner InfoNet revenue sharing grew 66% in 2014 Wolters Kluwer financial services announced that its Flood Determination Solutions has been added to the.
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