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Aug 2, 2019 6:20 AM ET

Real Estate Startup Opendoor Offers First Look At A Complete On-Demand Process With New Buyer Program

iCrowdNewswire - Aug 2, 2019 - Real estate startup Opendoor, which buys homes for resale based on its black-box pricing algorithm, is making a bid to become a one-stop shop for buyers and sellers.  The company has made its name with high-tech home flipping—allowing homeowners to sell online, sprucing up the place and quickly reselling it. Through an app, Opendoor announced today, buyers can now browse homes, schedule a tour and make an offer all in. [more...]

Aug 2, 2019 6:15 AM ET

Redfin Reports Better-Than-Expected Earnings As Real Estate Tech Startups Seize Momentum

iCrowdNewswire - Aug 2, 2019 - Better-than-expected second-quarter earnings lifted shares of discount real estate brokerage Redfin in after-hours trading Thursday. Revenue for the quarter was $197.8 million, up 39% from a year ago, while the company reported a net loss of $12.6 million, compared with income of $3.2 million in the second quarter of 2018. Net loss per share was $0.14. All measures were better than analyst estimates. “The second quarter is a turning point. [more...]

Aug 2, 2019 6:10 AM ET

Commercial Property Sales: 12 Improvements That Can Lead To Bigger Returns

iCrowdNewswire - Aug 2, 2019 - When a property owner is considering selling a commercial property, then part of the process is looking at what can be done to make the site more attractive to buyers in order to help earn more through the sale. Improvements vary in complexity and cost, and not all of them make sense for every building. To find out more about which kinds of improvements are worth consideration, members of Forbes Real Estate Council discuss some of the changes owners can. [more...]

Aug 2, 2019 6:10 AM ET

What Does the Fed’s Interest Rate Cut Mean for the CRE Industry?

iCrowdNewswire - Aug 2, 2019 - The quarter percentage point cut won’t have a significant impact on the commercial real estate industry, industry sources say. The Fed’s interest rate cut is unlikely to boost commercial real estate values, according to industry sources. The Federal Reserve cut its key interest rate by a quarter percentage point on Wednesday to insure the U.S. economy against downside risks from weak global growth and trade policy uncertainty. This is the first rate cut. [more...]

Aug 2, 2019 6:05 AM ET

Creative Financing: 4 Ways to Pull More Profits Out of Terms Deals

iCrowdNewswire - Aug 2, 2019 - There are several types of creative financing that real estate investors can use to structure their deals. At my company, we buy and sell five to 10 homes monthly around the country, typically creating three paydays per deal. The best part about buying this way? It’s possible to pull even more paydays out. We buy all our homes lease purchase, owner financing, or subject to existing financing, and we exit almost all of. [more...]

Aug 2, 2019 6:00 AM ET

What’s a Good Capitalization Rate for Real Estate Investments?

iCrowdNewswire - Aug 2, 2019 - Since prehistoric times, we humans have been in the business of evolution. Such is the scientific truth. Unless, that is, we are on BiggerPockets talking about cap rates, in which case there appears to be no evolution. It seems the same old misconceptions prevail, and the same lack of conceptual understanding remains. We seem unable to mature in this respect. I am not sure if this article will fall on deaf. [more...]

Aug 1, 2019 7:57 AM ET

Crackdown on Real Estate Tax Avoidance Moves Ahead in Germany

iCrowdNewswire - Aug 1, 2019 - New rules would limit share ownership to 90% to avoid triggering transfer tax Merck KGaA, BASF SE estimate they would pay more than 100 million euros in taxes Germany is aiming to curb tax avoidance among real estate investors, despite pushback from companies that would face millions in new taxes triggered by stock trades. The Federal Ministry of Finance’s draft proposal, approved July 31 by the cabinet, would make it harder. [more...]

Aug 1, 2019 7:55 AM ET

How Climate Change Affects Real Estate Investment Strategies

iCrowdNewswire - Aug 1, 2019 - PwC's Byron Carlock on the real estate implications of climate change and how ESG policies are reshaping investment strategies in vulnerable regions. As the reality of global climate change becomes clearer, real estate investors have compelling reason to analyze its potential impact on their favored markets and on their portfolios.   In an interview with Commercial Property Executive, Byron Carlock, national partner & real estate practice leader at PricewaterhouseCoopers, advised on the potential risks. [more...]

Aug 1, 2019 7:52 AM ET

The Fastest Way to Research Any Property in the United States

iCrowdNewswire - Aug 1, 2019 - In my first few years as a real estate investor, one of the biggest time-wasters I had to deal with was my research process. In my mind, in order to feel comfortable sending out an offer on any property, I had to know everything there was to know about the deal (this was my first mistake). As a result, I would spend a ton of time making sure I understood every possible detailabout a property before. [more...]

Aug 1, 2019 7:50 AM ET

Tricks Of The Trade: Insuring Residential Rental Property

iCrowdNewswire - Aug 1, 2019 - We are often asked how to best own rental real estate. The answer is “not in your personal name, and not in the name of a Revocable Trust or Land Trust that is considered to be owned by you for state law creditor purposes.” The most common form of ownership of rental properties by well-advised investors is the limited liability company (“LLC”), which can be disregarded for income tax purposes.. [more...]

Aug 1, 2019 7:49 AM ET

10 Most Affordable Lake Towns

iCrowdNewswire - Aug 1, 2019 - Lakefront homes may offer buyers a chance to get a waterfront property at a more affordable price than a vacation home on the ocean. “Lake towns often offer people an affordable destination with water sports, amenities, natural beauty, and an array of often top-quality dining options,” says Clare Trapasso, senior news editor at realtor.com®. “Some of these lake towns also double as ski resorts in the winter. Those who enjoy. [more...]

Aug 1, 2019 7:48 AM ET

L+M, Invesco Agree to Buy Manhattan Apartments for $1.2 Billion

iCrowdNewswire - Aug 1, 2019 - The two firms agreed to buy 2,800 market-rate rental apartments, with a plan to make them affordable. (Bloomberg)—L+M Development Partners and Invesco Real Estate agreed to pay $1.2 billion for 2,800 Manhattan market-rate rental apartments, and plan to return the bulk of them to affordability. The partnership is buying five buildings in Harlem and Roosevelt Island, according to a statement by L+M. The properties were developed under the state’s Mitchell-Lama. [more...]

Aug 1, 2019 6:10 AM ET

Clever Ways to Find Real Estate Deals in Highly Competitive Markets

iCrowdNewswire - Aug 1, 2019 - Deal-Finding Case Study Here’s a case study of an actual purchase my company and I made. It’s an 80-unit apartment that was bought in February 2018. We found it through a simple cold call, as easy as it sounds. What it took was multiple follow-ups. The owner was originally not interested whatsoever, but we were able to convert them into being interested. The key was staying top-of-mind. Deal by the. [more...]

Are Value-Add Apartment Buildings Still a Worthwhile Investment Opportunity?
Aug 1, 2019 6:05 AM ET

Are Value-Add Apartment Buildings Still a Worthwhile Investment Opportunity?

iCrowdNewswire - Aug 1, 2019 - Want an investment that generates 20 percent annualized return without taking on any risk at all? Well, sorry to break the bad news… no investments are risk-free. However, there are certain things that you can do when investing in real estate to minimize your risk exposure. This article will go over the benefits and risks of an apartment value-add. What Is an Apartment Value-Add? An apartment value-add is defined as. [more...]

Aug 1, 2019 6:00 AM ET

The 20 Best Performing Opportunity Zones for Real Estate Investors

iCrowdNewswire - Aug 1, 2019 - There is a lot of buzz among investors surrounding Opportunity Zones. But what do we know about where investments are being made and how these investments are performing? With 8,700 certified Opportunity Zones to choose from, there is no shortage of opportunity. The challenge is knowing where to put your money. What Are Opportunity Zones Anyway? On December 22, 2017, the Tax Cuts and Jobs Act created a new section. [more...]

Jul 31, 2019 6:25 AM ET

The Need for Tech Innovation

iCrowdNewswire - Jul 31, 2019 - The signs are everywhere. Investment in real estate technology increased 607 percent in Q1 2019 compared to the previous year. Real estate technology-focused events like ICSC, Realcomm and CREtech continue to break attendance records. In survey after survey, a majority of real estate executives have expressed a desire to embrace innovation. Everything points to the commercial real estate industry shedding its tech-averse image. And yet, real estate companies continue to. [more...]

Jul 31, 2019 6:20 AM ET

Fire, flood and profit: Real estate investors are chasing crises

iCrowdNewswire - Jul 31, 2019 - Natural disasters last year were the 4th-highest since 1980, causing an estimated $1 billion in damages   In the wake of natural disasters, some real estate investors are finding opportunity for profit. So-called “disaster investors” are buying up properties damaged by floods, wildfires, hurricanes and other catastrophic events — and flipping them for a gain. The practice is becoming increasingly common as the number of natural disasters climbs in the. [more...]

U.S. Pending Home Sales Increase by Most in Three Months
Jul 31, 2019 6:15 AM ET

U.S. Pending Home Sales Increase by Most in Three Months

iCrowdNewswire - Jul 31, 2019 - The index for pending home sales rose by 2.8 percent month-over-month in June. (Bloomberg)—Contract signings to purchase previously owned U.S. homes rose in June by the most in three months, indicating demand may pick up with the help of lower mortgage rates and steady job growth. The index of pending home sales increased 2.8% from the previous month, exceeding the most optimistic forecast in a Bloomberg survey of economists, data. [more...]

Jul 31, 2019 6:14 AM ET

These Companies Are Using AI To Change The Real Estate Game

iCrowdNewswire - Jul 31, 2019 - It seems like every industry is betting on artificial intelligence to help revolutionize how things are done. It is no different in real estate, where new technology companies are looking to help buyers and renters in their searches. Here are a few companies doing just that. Nobbas Headquartered in Montreal, this company is looking to help target what renters and buyers are looking for in a property and allow roommates. [more...]

Jul 31, 2019 6:13 AM ET

Realtor.com Reports How Much More Home Buying Power There Is Today Thanks To Lower Mortgage Rates

iCrowdNewswire - Jul 31, 2019 - Realtor.com reports how much more home buying power there is today thanks to lower mortgage rates. The national online real estate platform recently reported on how much further a $1,500 mortgage payment goes today compared to one year ago. Thanks to 30-year mortgage rates hovering below 4% buyers can afford more home even in areas with rising listing prices. “According to realtor.com, buyers who spend $1,500 on monthly mortgage payments can afford. [more...]

10 Must Reads for the CRE Industry Today (July 30, 2019)
Jul 31, 2019 6:10 AM ET

10 Must Reads for the CRE Industry Today (July 30, 2019)

iCrowdNewswire - Jul 31, 2019 - A new breed of real estate investors is going after properties damaged by natural disasters, reports the Wall Street Journal. The New York Times looks at how “developer” became a dirty word. These are among today’s must reads from around the commercial real estate industry. The New Storm Chasers: Real Estate Disaster Investors “After Hurricane Michael swept over the Florida Panhandle last October, destroying thousands of homes and taking dozens of. [more...]

Jul 31, 2019 6:04 AM ET

Pending home sales rise in June, helped by Western gains

iCrowdNewswire - Jul 31, 2019 - Pending home sales rose in June, with activity particularly brisk in the western part of the U.S., a trade group said Tuesday. The National Association of Realtors said pending home sales climbed 2.8%, with gains in each of the four major regions, including a 5.4% jump in the West. Compared to 12 months ago, sales rose 1.6%, the first year-over-year gain in 17 months. The NAR attributed the gain to. [more...]

Jul 31, 2019 6:02 AM ET

Do You Really Need an Investor-Focused Agent to Find Great Deals?

iCrowdNewswire - Jul 31, 2019 - A common discussion point on BiggerPockets is the importance of finding an investor-focused real estate agent. The necessity of having such an agent is so commonly accepted that I have even seen new investors use, “I haven’t found an investor-focused agent yet,” as an excuse for not taking action. I think that is a ridiculous excuse for not investing. Yes, there is some merit to finding an agent who also invests. [more...]

Jul 31, 2019 6:00 AM ET

Property Management Options Got You Down? Here’s an Alternative for Long-Distance Investors

iCrowdNewswire - Jul 31, 2019 - Long-distance investing is a blessing. Let me say that again: Being far enough away from your properties that you cannot visit them every other hour is a blessing. For most of my real estate career, I house hacked or lived about 20 minutes away. I was cutting the grass, cleaning the units, and waking up at 4 a.m. on snowstorm days to shovel my driveways. (Yes, shovel.) Why would I pay someone. [more...]

Jul 30, 2019 6:35 AM ET

First American: Consumer house-buying power could rise to new heights in 2019

iCrowdNewswire - Jul 30, 2019 - In May, home prices fell 0.7%, declining 3.7% year over year, according to First American’s Real House Price Index. According to First American’s data, unadjusted house prices sit 3.2% above the housing boom peak. Whereas consumer buying power rose 1.3% between April and May, rising 9.3% year over year. When consumer house-buying power is factored in, home prices are actually 41.1% below their 2006 peak and 17% below prices from January 2000. “Later this week,. [more...]

Jul 30, 2019 6:30 AM ET

Stock Shortage To Drive Sydney’s Rebound

iCrowdNewswire - Jul 30, 2019 - The stock shortage in Sydney could drive the property market to recovery, with pricier regions already benefitting from the emerging rebound, according to the latest data. The scarcity of sellers during winter made buying problematic. Auction listings dropped by 25% because homeowners refused to sell in the wake of the 15% decline in values over the past two years, realestate.com.au said. The shortage resulted in early-bird sellers attracting a large. [more...]

Jul 30, 2019 6:25 AM ET

Up! Up! Up! UK house prices rise £11 a day … but London prices drop

iCrowdNewswire - Jul 30, 2019 - British homes have increased in value by an average of £11 per day since the beginning of the year, but with huge regional variations. The data, from Zoopla, says that for the UK as a whole £2,046 has been added to the value of the average home in the first six months of 2019. On a regional level, the West Midlands leads the way with homes increasing by £36.58 per. [more...]

Jul 30, 2019 6:10 AM ET

House buyers numbers fell slightly in June, latest agent research shows

iCrowdNewswire - Jul 30, 2019 - The number of house hunters registered per estate agent branch fell slightly in June but remains high for the year as the housing market continues to show resilience, according to the latest industry report. They fell from 307 to 305 but year on year demand has only fall by 1%. In June 2018 there was an average of 308 house hunters per branch, the housing report from the National Association. [more...]

Record £100,000 fine for illegal short term subletting in London
Jul 30, 2019 6:00 AM ET

Record £100,000 fine for illegal short term subletting in London

iCrowdNewswire - Jul 30, 2019 - A council tenant in London has been ordered to pay over £100,000 after being taken to court for illegally subletting his social housing flat in Victoria as a holiday home through Airbnb. Legal action was taken by Westminster City Council against Toby Harman, 37, after it was found that the property on Vauxhall Bridge Road had been advertised on Airbnb with over 300 reviews dating back to 2013. Westminster City. [more...]

Jul 30, 2019 6:00 AM ET

Latest analysis tracks slowing of the housing market in England and Wales

iCrowdNewswire - Jul 30, 2019 - The housing market is slowing in England and Wales with average prices of existing homes rising just 0.3% year on year, the weakest performance since 2011, according to the latest analysis. Month on month prices were up by 0.9% and sales fell by 2.5% year on year, the fastest fall since 2008, the report from London Central Portfolio (LCP) shows, taking the average price to £255,050. But new builds are. [more...]