According to Politico, the New York AG has created a law suit to force compliance with a subpoena for Trump’s second eldest son Eric in a state investigation of various properties owned by the family’s Organization. Eric Trump is the executive vice president of the Organization was scheduled to testify last month but backed out less than two days before the testimony was scheduled. Tish James said in a statement, “Nothing will stop us from following...
There’s no doubt that COVID has created a chaotic market, although some assets are proving resilient, namely class A multifamily. This 56-unit property located near the Grove in Los Angeles has weathered the storm. Owned by the same private partnership for decades, the property has been well-maintained and leased below market value. The building features a pool elevated about street-level, fully renovated common areas, exterior, and lobby. Units could be renovated and value can be...
1. Don’t exceed your budget 2. Never underestimate costs 3. Be strategic about the areas you invest in 4. Try to be specific about your goals 5. This isn’t easy! Be ready to WORK 6. Don’t get stuck on “Luxury” 7. Don’t get emotionally attached 8. Make sure your income can pay the debt service 9. Be ready to hold onto the property for at least 10 years...
5. Even during times of uncertainty, workforce and affordable housing are always in demand Beside the most well-know subsidy program, Section 8, there are other government programs that assist landlords who are willing and able to offer apartments for lower income citizens. 4. East-to-follow underwriting standards Rents for affordable units are predictable, which makes the bank’s job of determining value. 3. Consistent payments 2. Tenants usually stay longer 1. You’re becoming a part of a major solution...