Monthly Archives: May 2015

What is CapEx in Multifamily Real Estate Investing


Albany Times Union

Millions in costly real estate deals threaten Albany charter school foundation
Albany Times Union
Albany. For 15 years, the Brighter Choice Foundation has been the leading backer of charter schools in Albany, which is among the most concentrated and contentious charter proving grounds in the state. Founded by ideological pioneers of New York's ...

Any other Canadian Redditors disgusted by the overpriced state of Canadian Real Estate?

Thu, 14 Jul 2011 08:44:19 -0700

Can I just say it?!

Who the hell is buying these things at the current prices?! Also, dear sellers, i'm sorry, your slum is not worth that much, don't be insulted by my much lower offer.

In my area there are so many properties that are extremely over priced that have been sitting for 4-6 months. When will people get the hint that Canadian Real Estate is priced too damn high!

/rant

Also, the real numbers. (taken from r/realestate)

Canadian House Prices vs. Income Growth - Part 1

Canadian House Prices vs. Income Growth - Part 2

EDIT: TD predicts housing prices to fall 10% (new article from yesterday). link

submitted by aplen22 to canada
[link] [151 comments]

207 Remsen Ave, Spring Lake – New Jersey Real Estate


Houston Chronicle (subscription)

Floods leave a trail of real estate complications
Houston Chronicle (subscription)
Other clients are asking Bernstein, who owns a residential real estate firm, if they should fix up their homes and move back in; sell them as is; tear down and build new; or move. The concern is especially great for homeowners who have lived in the ...

Mum telling off an idiot real estate agent.

Wed, 23 Jul 2014 06:31:39 -0700

I'm helping my mum buy a house at the moment and most of the real estate agents have been pretty good, but today we dealt with a real idiot. First, a little set up.

There will be 4 people living in the house: my mum, my grandmother, my husband and me. I'm my grandmother's full time carer and my husband and I can't afford a place of our own with room for grandma, so we live with my mum. As a result, we're after a 3, preferably 4, bedroom place. Either my mum or I have explained our situation to every real estate agent we've contacted. Most agents actually listen to us, but this guy today was a real piece of work.

He was an older guy, probably mid 60s and a real "good ol boy". We made it pretty clear to him after he mentioned kids at the first house that they were not a factor in our house hunt, but he knew better, of course. He kept bingoing me all though looking at the first house and then at the 2nd house till I flat out told him "Just shut up about kids, ok? I'm here to look at houses, not talk about babies" to which I just got a condescending smirk before he turned his back on me to bingo my mum! The conversation went a little like this:

Agent: "Don't worry, you'll be a grandma in the next year or so. She's nearly at the age where popping out a rugrat will be all she thinks about."

Mum: "I think my daughter knows her thoughts on kids better than you do."

Agent: "Trust me, I know women and you all want babies eventually."

That really pissed my mum off. She looked him dead in the eye and said "You know, if you actually listened to your clients instead of being a condescending dick, you'd probably have made enough commission to have retired by now." and we walked out.

submitted by Aetra to childfree
[link] [99 comments]

Real Estate Investing – Quadraplex Problem Part II


Wall Street Journal

In Real Estate, Golf Ups Its Game
Wall Street Journal
After suffering a triple bogey over the past few years—the real-estate market collapse, oversupply of golf courses, and diminishing interest in the game—luxury developers are taking a new approach. In addition to having courses designed by golf ...

Feinstein's Husband to make millions in USPS real estate transactions.

Sat, 01 Mar 2014 17:17:25 -0800

http://www.snopes.com/politics/business/blum.asp

The US has entered into a contract with a real estate firm to sell 56 buildings that currently house U.S. Post Offices. The government has decided it no longer needs these buildings, most of which are located on prime land in towns and cities across the country. The sale of these properties will fetch about $19 billion.

A regular real estate commission will be paid to the company that was given the exclusive listing for handling the sales.

That company is CRI and it belongs to a man named Richard Blum. Richard Blum is the husband of Senator Dianne Feinstein. (Most voters and many of the government people who approved the deal have not made the connection between the two because they have different last names).

Senator Feinstein and her husband stand to make a fortune (EST at between $950 million and $1.1 billion) from these transactions. His company is the sole real estate on the sale. CRI will be making a minimum of 3% and as much as 6% commission on each and every sale. All of the properties that are being sold are all fully paid for. They were purchased with U.S. taxpayers dollars.

The U.S.P.S. is allowed free and clear, tax exempt use. The only cost to keep them open is the cost to actually keep the doors open and the heat and lights on. The United States Postal Service doesn't even have to pay county property taxes on these subject properties. QUESTION? Would you put your house in foreclosure just because you couldn't afford to pay the electric bill?

Well, the folks in Washington have given the Post Office the OK to do it. Worse yet, most of the net proceeds of the sales will go back to the U.S.P.S, an organization that is so poorly managed that they have lost $117 billion dollars in the past 10 years.

No one in the mainstream media is even raising an eyebrow over the conflict of interest and on the possibility of corruption on the sale of billions of dollars worth of public assets. How does a U.S. Senator from San Francisco manage to get away with organizing and lobbying such a sweet deal? Has our government become so elitist that they have no fear of oversight? And it's no mere coincidence that these two public service crooks have different last names; a feeble attempt at avoiding transparency in these type of transactions.

submitted by theninjallama to conspiracy
[link] [50 comments]

1306 Ocean Avenue, Point Pleasant Beach, NJ 08742 – New Jersey Real Estate


Wall Street Journal

In Real Estate, Golf Ups Its Game
Wall Street Journal
After suffering a triple bogey over the past few years—the real-estate market collapse, oversupply of golf courses, and diminishing interest in the game—luxury developers are taking a new approach. In addition to having courses designed by golf ...

FAA has banned the use of drones for real estate photography

Wed, 24 Dec 2014 09:35:50 -0800

The ban is still in effect... and it might be for another 2 years. Currently the FAA has banned the use of drones for commercial use, which includes the use of drones to take aerial photos and videos of real estate for marketing and advertising of a listing.

http://realtormag.realtor.org/daily-news/2014/12/24/faa-issues-drone-warning-again-real-estate?om_rid=AACu9j&om_mid=_BUmu2NB8$fm-rf&om_ntype=RMODaily

submitted by undergroundloft to RealEstate
[link] [70 comments]

Homes for Sale in Rockaway, New Jersey $349,000. Real Estate, Home


In Real Estate, Golf Ups Its Game
Wall Street Journal
After suffering a triple bogey over the past few years—the real-estate market collapse, oversupply of golf courses, and diminishing interest in the game—luxury developers are taking a new approach. In addition to having courses designed by golf ...

denver_realtor here. Let's talk about the Denver real estate market. AMA!

Sun, 23 Mar 2014 09:01:31 -0700

Hi Reddit! denver_realtor here.

I’m a Realtor with a real estate brokerage firm in Denver (I’m not going to mention them, but you’ve certainly heard the name), and I’ve been helping buyers and sellers buy and sell homes throughout the Denver metro area for the last 9+ years.

Here are some stats for the Denver market in 2013:

Number of sales: 62,256

Average sold price: $303,621

Median sold price: $251,000

Average days on market: 52

Average sale price to original list price ratio: 98.5%

Let’s talk about the Denver real estate market. AMA!

Verification has been sent to mods.

EDIT:

Wow, lots of responses! First off, I should have noted that as a Realtor I focus primarily on buying and selling – not renting. I’m not very familiar with the rental market so I may not be much help for those questions. I’ll answer what I can though.

I'm working my way through your questions as quickly as possible. I’ll be in and out today, so please be patient. What I can’t get to in the afternoon I’ll try to get to tonight. Thanks!

EDIT2:

Signing off for a few hours but keep posting questions and I'll be happy to answer them as quickly as I can when I return this evening!

EDIT3:

Thanks Reddit! This has been a lot of fun! Signing off for the evening, feel free to PM me with any additional questions! Let's do this again sometime!

submitted by denver_realtor to Denver
[link] [179 comments]

10 Tips To Investing In Australian Real Estate


In real estate, celebrity name-dropping game creates a buzz, not a premium
Danbury News Times
In real estate, celebrity name-dropping game creates a buzz, not a premium. Updated 9:27 pm, Wednesday, May 27, 2015. next previous 1 of 18. The Westport mansion long owned by Michael Bolton, listed for sale by Higgins Group Real Estate.

and more »

Here's me bitching about the real estate market in Austin

Wed, 10 Apr 2013 08:23:25 -0700

So before I begin, let me just say I was born in Austin in 84. Sure, my parents came from California a couple years before, but I've been here my whole life.

I got married a couple years ago and me and my wife have been saving for our first house. We have the money, but this real estate market has made it almost impossible for us to buy a house.

Let me give you some examples of what happens when we like a house that we see online:

20% of the time, the house is already pending (even though it had just been posted the previous day)

30% of the time, I go out with our realtor, by myself, and then the house is already pending before my wife can come see it (the next morning, so within 18 hours). I'm starting to realize I should just put a bid on the house just assuming my wife will also want it.

20% of the time, we put in an offer above asking price, and we get out-bid. For instance we just put an offer of 195k on a 193k asking price, and got out-bid.

The rest of the time, we just end up not liking the house.

So, in conclusion, does anyone have a 3-4 bedroom house in South Austin for under $200k that they're gonna sell this summer?

ITS A GREAT FUCKING MARKET, IF YOU'RE SELLING! (and shitty shitty shitty if you're buying)

submitted by z64dan to Austin
[link] [198 comments]

Become A Successful Real Estate Agent In New Jersey


Boston Globe (subscription)

Real estate mogul Gerald Chan buys into Dorchester
Boston Globe (subscription)
Gerald Chan, the billionaire businessman who bought a $120 million chunk of Harvard Square, has expanded his local real estate empire to Dorchester by purchasing an industrial property with big redevelopment potential. A business entity owned by Chan ...

and more »

We need more real estate outside of the city.

Fri, 01 Nov 2013 05:55:52 -0700

This is something that we need. Why is there no good real-estate outside of the city? I like the Blaine County area so much more than the city. There is a 6 car garage near the air force base, and some 2 car garages up in sandy shores and the little town at the north end of the map. Maybe a DLC can make some of the big unused warehouses 10 car garages.

submitted by aphd to GrandTheftAutoV
[link] [41 comments]

Is Real Estate Investing a Business or a Hobby? [#AskBP 028]


Texan newspapers tapping Placester to power real estate sections
Inman.com
“As the digital space becomes increasingly important in real estate, Placester's platform allows The Dallas Morning News and Denton Record-Chronicle to grow their revenue by serving real estate agents and brokers with more targeted advertising options ...

Gallup: Poor Americans think Gold is the best long term investment, other Americans think it's real estate

Mon, 21 Apr 2014 20:03:10 -0700

This gallup poll asks Americans "What is the best long term investment?"

That real-estate-as-top-pick view largely applies to upper-income Americans, living in households with incomes of $75,000 and over. Gallup found that 31% of those in the lower-income bracket — living on less than $30,000 — believe gold is the best investment option, followed by real estate, at 28%, and stocks, at 13%.

In between, those on incomes of $30,000 to $74,999 give gold, stocks and real estate equal billing at 26%

http://blogs.marketwatch.com/thetell/2014/04/21/poor-americans-pick-gold-over-stocks-as-the-best-investment/?link=sfmw_fb

submitted by Software_Engineer to investing
[link] [240 comments]

New Jersey Real Estate License Class

Mum telling off an idiot real estate agent.

Wed, 23 Jul 2014 06:31:39 -0700

I'm helping my mum buy a house at the moment and most of the real estate agents have been pretty good, but today we dealt with a real idiot. First, a little set up.

There will be 4 people living in the house: my mum, my grandmother, my husband and me. I'm my grandmother's full time carer and my husband and I can't afford a place of our own with room for grandma, so we live with my mum. As a result, we're after a 3, preferably 4, bedroom place. Either my mum or I have explained our situation to every real estate agent we've contacted. Most agents actually listen to us, but this guy today was a real piece of work.

He was an older guy, probably mid 60s and a real "good ol boy". We made it pretty clear to him after he mentioned kids at the first house that they were not a factor in our house hunt, but he knew better, of course. He kept bingoing me all though looking at the first house and then at the 2nd house till I flat out told him "Just shut up about kids, ok? I'm here to look at houses, not talk about babies" to which I just got a condescending smirk before he turned his back on me to bingo my mum! The conversation went a little like this:

Agent: "Don't worry, you'll be a grandma in the next year or so. She's nearly at the age where popping out a rugrat will be all she thinks about."

Mum: "I think my daughter knows her thoughts on kids better than you do."

Agent: "Trust me, I know women and you all want babies eventually."

That really pissed my mum off. She looked him dead in the eye and said "You know, if you actually listened to your clients instead of being a condescending dick, you'd probably have made enough commission to have retired by now." and we walked out.

submitted by Aetra to childfree
[link] [99 comments]

robert kiyosaki real estate investing audiobook full


New York Times

New York Real Estate Executive With 'Access to Politicians' Is at Center of ...
New York Times
That is why colleagues in the real estate industry are wondering how he finds himself at the center of a corruption scandal that has toppled two of the most powerful politicians in the state: Sheldon Silver, the former Democratic speaker of the State ...

Mum telling off an idiot real estate agent.

Wed, 23 Jul 2014 06:31:39 -0700

I'm helping my mum buy a house at the moment and most of the real estate agents have been pretty good, but today we dealt with a real idiot. First, a little set up.

There will be 4 people living in the house: my mum, my grandmother, my husband and me. I'm my grandmother's full time carer and my husband and I can't afford a place of our own with room for grandma, so we live with my mum. As a result, we're after a 3, preferably 4, bedroom place. Either my mum or I have explained our situation to every real estate agent we've contacted. Most agents actually listen to us, but this guy today was a real piece of work.

He was an older guy, probably mid 60s and a real "good ol boy". We made it pretty clear to him after he mentioned kids at the first house that they were not a factor in our house hunt, but he knew better, of course. He kept bingoing me all though looking at the first house and then at the 2nd house till I flat out told him "Just shut up about kids, ok? I'm here to look at houses, not talk about babies" to which I just got a condescending smirk before he turned his back on me to bingo my mum! The conversation went a little like this:

Agent: "Don't worry, you'll be a grandma in the next year or so. She's nearly at the age where popping out a rugrat will be all she thinks about."

Mum: "I think my daughter knows her thoughts on kids better than you do."

Agent: "Trust me, I know women and you all want babies eventually."

That really pissed my mum off. She looked him dead in the eye and said "You know, if you actually listened to your clients instead of being a condescending dick, you'd probably have made enough commission to have retired by now." and we walked out.

submitted by Aetra to childfree
[link] [99 comments]