Tag Archives: real estate

An Entrepreneur’s Guide to Multifamily Real Estate Investing | Getentrepreneurial.com

Entrepreneurs tend to be good fits for real estate investing. This has something to do with their creativity, ingenuity, and stomach for risk-taking. And if there’s one type of real estate investing that’s more appealing than the rest, it’s multifamily properties.

The Benefits of Multifamily Real Estate Investing

As the name suggests, a multifamily piece of real estate is housing where there are multiple units. These units are typically all owned by one person, but leased out to different tenants. Examples include large apartment buildings, duplexes, and triplexes. The benefits of investing in multifamily properties include:

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Why Buy 1 House In California When You Can Get 6 In Texas? | Forbes

It’s becoming obvious, if it wasn’t already, that California real estate is uniquely expensive compared to the rest of the country. According to Zillow’s September index, the median price for a single-family home in the state — $549,000 — is high, but house prices are even higher in its four biggest cities:

  • Los Angeles: $898,949
  • San Diego: $848,500
  • San Jose: $1,099,990
  • San Francisco: $1,400,000

In the majority of major American cities, you’d pay less for a house. And in many, you could buy several houses for the cost of a single home in a California city.

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Young people are buying real estate — just not the same kind as their parents | Business Insider

Millennials and younger members of Gen X appear to be delaying the financial responsibility of homeownership.

But it’s hard to blame a group who watched the housing market skyrocket and plummet just as they were entering college or becoming young professionals gearing up to buy a starter home.

As the economy improved, and financial arrested development started to end, some 20- to 30-somethings have started to invest in real estate, but not in the traditional sense.

Many have turned to turnkey properties, which offer the opportunity to become a homeowner while adding another revenue stream to an investment portfolio.

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Weekly Economic Update | LAEDC

LAEDC BANNERThis Week’s Headlines:

Weekly Economic Update | LAEDC

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THIS WEEK’S HEADLINES:

Homeowners to receive up to $125,000 – money.cnn.com

NEW YORK CNNMoney — Homeowners who were victims of foreclosure abuses during 2009 and 2010 could receive more than $125,000 from lenders as part of an Independent Foreclosure Review that is being overseen by two government agencies.The Office of the Comptroller of the Currency OCC and the Federal Reserve laid out the framework in which borrowers will receive compensation for a wide range of foreclosure abuses and errors that occurred as a result of robo-signing.

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For sale: condos built in Kansas missile silos | Plog

Hall’s plans call for seven condo units priced at $2 million each, and, the report says, they will be the only homes in America that can survive a direct nuclear attack.

See companion article, “Anonymous Survival Guide for Citizens in a Revolution” – Ed.

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Lords of the shadow inventory | Dr. Housing Bubble Blog

Yet the market we currently have is really a large benefit to investment banks and the government with a smaller impact on the rest of Americans. At this point the banks and government are largely fused into one. The typical American is simply squeezed in the middle.

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A Sensible Housing Market? OC v. IE | Dr. Housing Bubble Blog

Our society is obsessed with the “monthly nut” like a squirrel running out onto the highway to get food only to miss the big rig barreling down on it.

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This is what $549K looks like in Culver City. – Ed.

Ben’s in a Bind | zero hedge

For the vast majority of American’s QE has been a dismal failure. Stock gains for the average guy were offset by losses in real estate. There was no wealth affect there.

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