How to Become a Real Estate Developer in 8 Steps
Friday, July 24
A real estate developer is someone who develops a building project from the ground up or renovates an existing property. These developments include residential real estate, commercial real estate, and even industrial real estate. Projects could be as small as building a single-family home or as ...
Advantages and Disadvantages of Using Land Trusts in Real Estate
Tuesday, July 21
Land trusts are known for providing several advantages, which is why they are such a valuable step in creating and implementing the pan needed to protect your real estate assets but there are several disadvantages of using only a land trust to protect your assets. Advantages: The transfer of pr...
Broker Denied Commission
Tuesday, July 21
New York appellate court affirms lower court ruling that brokerage acted as an undisclosed dual agent and therefore could not seek a commission from the transaction. A real estate brokerage (“Firm”) brought a lawsuit against a property owner (“Seller”) seeking to collect an unpaid commission fr...
Sales of Previously Owned U.S. Homes Fall to Lowest Since 2010
Tuesday, July 21
U.S. sales of previously owned homes dropped in May by more than forecast to the lowest level since October 2010 as the coronavirus pandemic sent demand skidding along with the rest of the economy. The closing transactions decreased 9.7% from the prior month to an annualized pace of 3.91 millio...
Asset Protection Strategy: LLCs
Tuesday, July 21
The LLC that will provide the asset protection you need from a lawsuit. By placing your real estate properties into a trust name, you can then more easily facilitate the transfer of ownership from your name into an LLC. This transfer of ownership is important because it avoids informing the ban...
Why you should hire a property manager?
Tuesday, July 21
At some point, every real estate investor will ask themselves if they need to hire a property manager. Many landlords manage their properties on their own or with the help of an assistant, such as a resident manager, but sometimes hiring a property manager just makes sense. A good property mana...