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The CARES Act and its Provisions Part II

CARES Act

The Coronavirus Aid, Relief, and Economic Security Act is currently providing financial relief to individuals and businesses negatively impacted by the Coronavirus pandemic. Below is a glance at the $2 trillion stimulus program and its key tax provisions impacting small businesses.

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The CARES Act and it’s Provisions Part I

Trump passing CARES Act.

The CARES Act was signed into law by the Trump Administration on March 27, 2020 with the aim of providing financial relief to individuals and businesses negatively impacted by the Coronavirus pandemic. Below is a glance at the $2 trillion stimulus program its key provisions impacting small businesses.

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The Impact of COVID-19 on the Real Estate Market

Coronavirus, COVID-19, respiratory infection
COVID-19

The world of real estate has been directly impacted by the unprecedented spread of COVID-19 throughout the world and with the US now leading the world in number of coronavirus cases, the aftershocks of the pandemic are reverberating throughout the nation’s economy and having a significant effect on the real estate market.  

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2020 Multi-family Market Trends

Continuing on its trajectory from 2019, the multifamily real estate market will have an active year ahead with high investor demand coupled with tenacious rent regulation debates. Below is a summary of the overall market fundamentals being projected for 2020 by the leading real estate publications:

Cap Rates

While cap rates were relatively flat in 2019 at the historical low rate of 5.4%, they are expected to decrease slightly in 2020, around 10 basis points.  10-year return rate is projected at 7.5%, above hotel and office sectors, below industrial and retail sectors.   

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The Hottest Multi-Family Real Estate Markets in 2020

The multi-family market had a strong year in 2019. Growth is expected to remain healthy through 2020, but with higher levels of new supply coming online, rent growth is projected to moderate and vacancy rates are expected to increase slightly. Below are the top proposed investment markets for multi-family real estate in 2020 based on research from the leading real estate publications.

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Has the Advantage of Co-Owning Real Estate with Family, Friends, and Others Become a Reality?

With the rapidly rising cost of living, homeowners are seeing an increasing lack of affordable housing across most major cities in the US. The time has arrived for creative housing solutions and co-ownership of real estate might offer just that answer. Whether you are seeking to buy a property for rent or development, there are several different ways to co-own real estate.

Common Ways to Co-Own Property

Tenancy in Common. Tenancy in common is also a form of joint ownership in which each of the co-owners has ownership interest in the entire property.  With a tenancy in common, each owner owns a percentage interest in the property and can transfer that interest however he or she wants. If one of the owners sells or leaves their share of the property to someone else in a will, the person who buys or inherits the land will then become a joint owner with the other joint tenants.

Joint Tenancy. Joint Tenancy is another ford of co-ownership where each owner must have an equal ownership interest in the property and you can’t leave your interest to someone in a will. If one of the joint tenants dies, his or her interest immediately ceases to exist and the remaining joint tenants take over ownership of the entire property.

These co-ownership options make home buying more affordable for individuals that have been priced out of the current real estate market. As a recent LA Times article pointed out, “Tenancy in common migrated south from the more cutthroat market of San Francisco, where it’s been around for decades. As Los Angeles grew more expensive, TICs gained ground here… TIC units are now selling at an 11% to 15% discount relative to comparable condos” 

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5 Tips for a Stress Free Home Sale

Open House. Door keys.

As a seller you are an integral part of a successful open house. Here are five tips that can help you sell your home without even being present during the open house!

Tip 1. Hire the Right Agent!

This cannot be stressed enough. The right real estate agent isn’t just someone who can sell your home the fastest but someone that understands your motivations and at the end of the day, puts your best interests before their paycheck. You want to align yourself with an agent that not only brings you top dollar for your home and is easy to communicate with but one who is sincere and diligent in the way they conduct their business. After all, a home is the biggest purchase most of us will make in our lifetimes. Having the right agent in your corner can make a world of difference.  

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So What’s The Deal With Asset Management?

Asset Management, as defined by Investopedia, is “maximizing a property’s value… so ownership can increase its returns.” At its core, Asset Management involves strategic planning to optimize the value and improve the financial performance of properties.

What about Asset Managers?

Asset Managers have a fiduciary responsibility to oversee their portfolio from an owner’s perspective and act in the owner’s best interests at every step along the way.

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Building Your Referral Network and How it Can Grow Your Real Estate Business

The power in amassing a stellar network of professional friends is imperative for achieving success in the business world. The opportunities it can offer across various facets of your life are innumerable. From client referrals, to business partnerships, to new job opportunities, having a strong referral network undoubtedly leads to continued growth and career advancements. As Robert Kiyosaki, the famed real estate entrepreneur and author of Rich Dad Poor Dad says, “The richest people in the world look for and build networks. Everyone else looks for a job.”

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