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UAE’s GII to set up $590m fund with focus on European senior living real estate

September 2, 2021 by NREB Staff

United Arab Emirates-based Sharia-compliant financial management firm Gulf Islamic Investments (GII) has announced a joint venture to set up a platform to invest in European senior residential real estate.

GII has teamed up with the Capital Bay Group (CB), an international investment and asset manager based in Germany, it said in a statement.

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The Luxembourg-regulated platform will launch this September with an initial offering of € 500 million ($ 590 million) focused on real estate investments, primarily in high-yielding, high-growth properties in Germany and possibly other European markets.

The platform’s debut offer is expected to be completed for the first time in the fourth quarter of 2021 and will be financed by both debt and equity.

Mohammed Alhassan, Founding Partner and Co-CEO of GII, said, “This joint venture is an example of excellent cross-border synergies that combine GII’s significant capabilities with the knowledge and experience of Capital Bay.

“The development of attractive investment opportunities in the European senior residential real estate market enables our MENA-based investors to participate in this coveted asset class that would otherwise be difficult to access from the region.”

Pankaj Gupta (pictured above), founding partner and co-CEO of GII, added, “As we pursue our global growth plans, we look forward to working with Capital Bay Group … long-term.”

Rolf Engel, Group CFO of the Capital Bay Group and CEO of Capital Bay Fund Management, Luxembourg, said: “A growing senior population in Germany and Western Europe is driving a growing demand for all forms of senior housing, assisted living, health care and specialized clinics for the elderly in the future.

“We are pleased to offer a successful and experienced global investor with our platform and our network GII, the opportunity to enter this rapidly growing market segment, to participate in it and to create the urgently needed offer for this asset.”

CB, with assets under management of over $ 7 billion, and GII, with assets under management of over $ 2 billion, will be jointly responsible for all aspects of the platform, the statement said.

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Originally Appeared Here

Filed Under: INVESTING Tagged With: Banking and finance, Capital Bay Group, Europe, Islamic investments in the Gulf, latest news, Pankaj Gupta, property, Real estate investment, retirement, United Arab Emirates

AAREP partners with One United Bank to host a business mixer at Post & Beam

August 30, 2021 by NREB Staff

The African American Real Estate Professionals of Los Angeles brought together a collection of black professionals to network and socialize.

The LA Standard Newspaper needs your support so that we can continue to write positive stories about black communities. $ 20, $ 50, $ 100, $ 500, $ 1,000. Any amount would be greatly appreciated. -Jason Douglas Lewis, Owner / Editor. Donations can be made via the cash app https://cash.app/$LAStandard, Venmo https://venmo.com @ LA-Standard-Newspaper, PayPal https://www.paypal.com/paypalme/lastandardnewspaper and GoFundMe https://www.gofundme.com/f/support-blackowned-los-angeles-standard-newspaper AAREP’s networking mixer brought together black professionals from different areas of the commercial real estate industry. Photos by Jason Lewis

By Jason Lewis

Post & Beam was the site of a recent business blender that brought together black professionals in the commercial real estate industry. The African American Real Estate Professionals (AAREP) from Los Angeles hosted this mixer in Black’s own restaurant on Baldwin Hills Crenshaw Plaza.

“We want to give people of color who work in commercial real estate the opportunity to see one another, support one another, and band together to form a coalition and increase diversity in commercial real estate,” said Lynn King-Tolliver, founding member of Board member of AAREP and President and CEO of Archere Investment Management.

AAREP members include developers, site managers, architects, asset managers, brokers, finance, real estate and legal experts. The organization has members who are industry leaders in their fields as well as young professionals working their way up the corporate ladder.

“We have several generations involved,” said King-Tolliver. “We have the young people and the veterans. Participation in AAREP gives young people the opportunity to connect with veterans for career counseling and mentoring. As veterans, we also get a lot from young people. They bring energy, use and acceptance of technology and show us what the next generation will do for this industry. “

This networking event creates an environment in which black professionals can exchange ideas on various aspects of the real estate industry.

“I hear about potential job openings, I hear from investment partners, I hear about some political things,” said Kimberly Brown, AAREP vice president and founding director and chief executive officer at Cushman & Wakefield.

It was important for AAREP to host this event in a black shop in a black neighborhood.

Post & Beam owned by Black at the Baldwin Hills Crenshaw Plaza hosted and catered for the event.

“In recent years, with the explosion of impact investing, we’ve had a lot more people in impact, affordable housing, social impact, and community,” said Brown. “With this in mind, we are now seeing the convergence of industrial trade and community. It was really important for us to do something in the heart of LA. Post & Beam fits this bill perfectly. And that also helps us connect with the community and let the community know that we are an organization of professionals who have the expertise to be a resource in this area when other companies and organizations come into the community. ”

It was also important for AAREP to partner with older black-owned companies in the Los Angeles area. One United Bank was one of the sponsors of the event.

“It is vital for us to align them with our organization and give them access to our pipeline of commercial real estate professionals,” said Brown.

One United Bank and AAREP are both trying to enrich black communities.

United Bank Senior Vice President and Chief Retail Officer Sherri Brewer reaches out to the professionals.

“We believe in narrowing the intergenerational wealth gap, and we strongly believe that real estate investments are the best way to do it,” said Sherri Brewer, senior vice president and chief retail officer, One United Bank. “We emphatically support all people who have chosen a career in connection with real estate.”

This event was also co-sponsored by Eastdil Secured and Innovative Housing Opportunities.

More information about AAREP can be found at www.aarepla.org.

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Originally Appeared Here

Filed Under: INVESTING Tagged With: A United Bank, AAREP, African American, African American Newspaper, African American real estate professionals in Los Angeles, Baldwin Hill, Black bank, black newspaper, Community newspaper, Companies, crenshaw, Inglewood, Ladera heights, Leimert Park, Los Angeles Standard Newspaper, Middle of the city, Park Mesa Heights, Posts and beams, property, South Los Angeles, The angel, View the park, West Adams, windsor hill

Sapiens International N : A Storm is Brewing for Property Insurance

August 26, 2021 by NREB Staff

Homeowners are exposed to a significant impact on their property from escalating extreme weather conditions, compounded by potential climate impacts. With around 85% of homeowners in possession of home insurance, the increasing likelihood of extreme and catastrophic weather events makes monitoring the frequency and impact of natural disasters a critical insurance oversight function.

The NAIC (National Association of Insurance Commissioners) and the CIPR (Center for Insurance and Policy Research) recently published a survey of extreme weather conditions on property insurance, based on US homeowner opinions.

Three main questions were asked:

  • To what extent do the respondents see a connection between extreme weather events and their broader insurance coverage?

  • What is the relationship between respondents’ opinion about extreme weather and the actions they have taken with their home insurance?

  • How are homeowners segmented according to their perception of climate risk, which also depends on the claims experience and insurance coverage?

Respondents were recruited through SurveyMonkey’s audience panel. The survey was conducted March 9-16, 2021 and included 2,496 US homeowners aged 18 to over 60 in each state and Washington, DC.

Some of the results included:

  • Most homeowners in our survey actually have home insurance, although respondents who earned less than $ 25,000 a year were 13% less likely to have a policy than those with higher incomes. Affordability issues were the most frequently cited factor reported for lack of coverage.

  • A majority (56%) believe that their homeowners policy covers floods, even though floods are not covered by standard policies and only around 4% of homeowners actually have flood insurance.

  • Two-thirds of respondents said their homeowners’ insurance costs have increased in the past three years, citing “the increase in natural disasters such as hurricanes and forest fires” as the main reason for the increase.

  • People who live in the Pacific, West-South-Central, and Central Atlantic states are most likely to report having difficulty getting or renewing home insurance due to an increase in natural disasters. Across all premium levels, homeowners who pay more for their insurance are increasingly reporting problems renewing their insurance due to forest fires or hurricanes.

  • More than two-thirds of respondents said they know what they can do to protect their property from extreme weather events to reduce their risk, but that awareness doesn’t necessarily need to be translated into action. Only half had actually made changes, but more than three-quarters said they would spend their own money on fortifying their home in order to lower their homeowner’s premium.

  • Four out of five homeowners expressed an interest in learning what insurance companies are doing to address changing weather patterns and other climate-related risks.

  • Homeowners showed contradicting attitudes towards climate-related hazard risks. While many respondents were reluctant to move to areas exposed to floods, cyclones, or forest fires, and 75% think that extreme weather events are more common overall due to climate change, they believe the area they live in is on average slightly less vulnerable for extreme weather events is than the US average.

  • Respondents showed high levels of concern about climate change, with 44% of respondents categorized as “concerned”, more than double the national average.

  • Those who struggle to get home insurance keep showing that they are alarmed about climate change.

Given the current state of climate change, forest fires, hurricanes and extreme weather events, this is valuable information for both insurance consumers and industrial companies. For more details and the full report, click here.

Sharlea Taft Sharlea Taft is the NAIC Liaison Office for Sapiens and is responsible for keeping up with regulatory changes and updates to the NAIC. Sharlea’s background includes over 17 years of insurance and regulatory experience working with insurance companies and securities filings. She holds a Masters in Business Administration and a Professional in Insurance Regulation from the NAIC.

Disclaimer of liability

Sapiens International Corporation NV published this content on August 26, 2021 and is solely responsible for the information contained therein. Distributed by public, unedited and unchanged, on August 26, 2021 12:40:01 PM UTC.

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Originally Appeared Here

Filed Under: INSURANCE, MORTGAGES Tagged With: climate, effects, escalating, essential, extreme, face, from, have, Homeowner, how, information, news, potential, PRESS RELEASE, property, reinforced, rough, SAPIENS INTERNATIONAL CORPORATION NV Stock Exchange, the | SPNS | KYG7T16G1039, to, Weather, your

Mission Rock Residential Signed on to Manage “Enchanted Springs” Apartments

August 23, 2021 by NREB Staff

COLORADO SPRINGS, Colo., 23 August 2021 / PRNewswire / – Mission Rock Residential Announces New Management Agreement for Enchanted Springs Apartments in. known Colorado Springs, Colorado. Hamilton Zanze Real Estate Investments awarded the company a contract to manage the community of 200 apartment buildings.

The Enchanted Springs condo complex offers many shared amenities, including golf course views, hiking trails, a spa and massage room, a playground, and access to public transportation.


Mission Rock Residential has now taken over the management of the Enchanted Springs apartment complex in Colorado Springs, Colorado.

Enchanted Springs is located on the Powers Corridor off I-25, near shopping, dining, and entertainment centers Colorado Springs. With its proximity to the interstate, the community also provides valuable access for local commuters and is only minutes from the Rocky Mountains.

“Enchanted Springs is an outstanding rental community in the growing Colorado Springs Marketplace “said Meredith Wright, President of Mission Rock Residential. “We look forward to bringing our world-class management practices to the residents of this world-class property.”

This pet-friendly community offers one, two, and three bedroom homes, most with views of the famous Pike’s Peak. The apartment houses are fully furnished with large closets, wooden floors, quartz countertops, electric fireplaces, surround sound speakers, and private patios or balconies. The community also offers an abundance of communal facilities, including views of the golf course, hiking trails, a spa and massage room, a playground, and access to public transportation. The central clubhouse with a state-of-the-art fitness center, business center, swimming pool and sun terrace with cabanas is a great location for community events.

Colorado Springs is at the eastern foot of the Rocky Mountains in Colorados Front Range corridor. The economy is thriving with aerospace, electronics, healthcare and manufacturing companies in the private sector, as well as a strong military presence that relies on the highly respected Air Force Academy. The city is growing thanks to its distance to the Denver Metropolitan region, innovative industries and the family-friendly lifestyle. It has been ranked among the top cities in the country for economy and quality of life.

To find out more, visit https://www.missionrockresidential.com/apartments/co/colorado-springs/enchanted-springs-apartments/.

About Mission Rock Residential Mission Rock Residential was founded in 2012. The company now manages 114 apartment buildings and almost 28,000 residential units across the country The United States. With a team of more than 700 full-time employees, the company is headquartered in Denver, Colorado. The company was also recognized as one of the best employers for apartment buildings in 2019. More information is available at www.missionrockresidential.com.

Contact:
Nicole Marshall
5046447335
[email protected]

SOURCE Mission Rock Residential Area

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Originally Appeared Here

Filed Under: INVESTING Tagged With: Mission Rock residential area, property, Residential real estate

We unlock the mysteries of the language of your homeowners policy

July 23, 2021 by NREB Staff

Your home insurance is crammed with industry jargon and lawyers and isn’t exactly easy to read – but that doesn’t mean you should toss it without a peek in a drawer. After all, the words in this policy could mean the difference between having full coverage for a disaster or paying thousands of dollars to repair your home.

Below are some key terms to look out for when leafing through your home insurance, as well as tips on where to find the most important information.

Explanations

“The good news is that policies can be dozens of pages long … key terms and coverage are at the top of the explanations page,” said Landy Liu, general manager of insurance products at Better, an online mortgage company.

The explanation page is tailored to your home and includes details such as property address, amounts insured, premiums and discounts that have been applied.

Also on MarketWatch: Regulatory authority removes pandemic fee for mortgage refinancing

Check the statements carefully to make sure everything looks correct, advises Steve Wilson, Senior Underwriting Manager at Hippo Insurance. If it doesn’t, contact your agent or carrier.

Deductible

Another important detail to look out for on the explanation page: deductibles. This is the amount that you will be responsible for in the event of a claim.

For example, suppose a thunderstorm blows a tree on your home, causing $ 10,000 damage. With a $ 1,000 deductible, insurance pays $ 9,000 for repair costs.

More than one deductible may be listed on your declaration page, depending on the type of claim, says Angi Orbann, Vice President of Property and Personal Insurance at Travelers. For example, if you live on the coast, you may have a higher deductible for hurricane than for other claims.

The hurricane or storm deductible is often a percentage of your home coverage rather than a lump sum, Joseph Sanzo, property and casualty specialist at Barnum Benefit Advisors, said in an email. For example, if your home is insured for $ 250,000 and you have a 3% hurricane deductible, you are responsible for the first $ 7,500 of damage after a hurricane.

Exclusions

Your explanation page will tell you how much coverage you have, but it usually doesn’t explain what is not covered. For this information, look for sections of your policy with headings such as “Exclusions” or “Uninsured Damages”.

Also read: This “incredibly strong” home contents insurance pays out even if your property is not damaged

You will likely find long lists of scenarios your insurance company does not cover, including major disasters like floods and earthquakes. If your home is at risk from these disasters, you can often purchase additional coverage, according to Orbann.

“Be proactive and speak to your insurance carrier,” says Wilson. “Is that a flood area? Are there any other coverage I might need? ”An agent can identify potential coverage gaps and help you address them.

recommendations

A common way to close such loopholes is to get a confirmation that changes or adds to your insurance coverage.

For example, most standard homeowner insurance plans offer little to no coverage for damage from clogged drains or sump pumps, but you can likely add that coverage with a confirmation, says Wilson.

Confirmations are usually listed separately from the main body of your policy, often at the end.

Good to read: Here’s the science of why hurricanes keep hit some areas more than others

Special limits

If you have valuable personal items – like an expensive engagement ring or an extensive art collection – they may not be fully covered by a standard homeowner’s policy. Insurance companies often list “special limits” or lower limits for certain types of personal property, Orbann says.

For example, jewelry theft can only be covered up to $ 1,000. Special limits also often apply to cash, silverware, furs, weapons and items used for business purposes.

If your property is worth more than the sublimits on your policy, contact your agent or freight forwarder to discuss additional coverage. An expert opinion may be required.

conditions

The “Terms” sections of your policy are worth looking at as they explain how to get the coverage you are entitled to. Wilson recommends reading these parts of your policy so that you understand what to do when you make a claim. If you don’t meet the conditions, your claim may be denied.

In addition to other requirements for filing a claim, your policy may provide that you:

  • Protect your property from further damage after a disaster.

  • Notify the police if your belongings are stolen.

  • Provide an inventory of the damaged or stolen items.

The terms sections often contain other important information, such as: B. Reasons why the company can cancel your policy.

Next read: Home buyers are starting to factor flood and forest fire risks into their real estate decisions – and that affects price growth

Still confused about your home insurance? An agent can help. “Talk to a professional who will do your best to guide you through the specifics of your situation,” says Liu.

More from NerdWallet

Sarah Schlichter writes for NerdWallet. Email: sschlichter@nerdwallet.com.

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Originally Appeared Here

Filed Under: INSURANCE, MORTGAGES Tagged With: Accident insurance, Accidents, article_normal, building, Building / content insurance, Buying / selling a house, company, Company / industry news, Content insurance, Disasters, Disasters / accidents, Financial investment services, Financial services, General news, House buying & selling, Industry news, insurance, invest, Investing / Securities, Investment advice, Investment advice / research services, Natural disasters, Natural disasters / disasters, Non-life insurance, Partner content, Personal finance, Political / general news, politically, property, Property / casualty insurance, purchase, Real estate, Research services, Risk news, Securities, sell a house

Ugly Inheritance War Pits Tycoon’s Son Against ‘Mistress’

July 20, 2021 by NREB Staff

The son of a Texas billionaire wages a chaotic legal battle against his late father’s alleged “mistress”, accusing the Los Angeles celebrity of extortion in hopes of avoiding the millions she allegedly owes from his father’s estate.

Bradford Phillips, son of Dallas real estate developer Gene E. Phillips, filed two lawsuits against Marsana de Monserat in California and Texas earlier this year. The lawsuits came after De Monserat requested $ 2.6 million in refinancing proceeds from a Florida rental property she owned but left the late Phillips to manage, along with $ 1.7 million from a promissory note, which she supposedly received.

In January, Phillips filed a lawsuit in the Los Angeles Superior Court accusing the jet setting entrepreneur of blackmail, negligent infliction of emotional distress, and willful infliction of emotional distress. This after Monserat’s attorney sent a letter to the younger Phillips advising that the attorney would be approaching the IRS and state housing authorities about the missing $ 2.6 million.

As the local news agency MyNewsLA.com reported, Santa Monica Judge Mark Epstein issued a preliminary ruling against Phillips on Monday, saying he would likely dismiss his lawsuit as the letter from De Monserat’s attorney was under the state’s anti-SLAPP (Strategic Lawsuit against public participation) Articles of Association. However, Epstein did not specify when he would issue his final decision.

For her part, De Monserat said in a recent court case that Phillip’s complaint against her was an “attempt to abuse the legal system in the hope of frightening” [her] To move away from her business interests with “his late father.

Neither Bradford Phillips, De Monserat, nor their lawyers responded immediately to requests for comment on Tuesday.

Phillips’ original complaint named De Monserat “one of several long-term lovers” of his late father, to whom he “made loans, offered investment opportunities and otherwise provided money to De Monserat” because of her “personal relationship”. (It is worth noting that Phillips’ first amended complaint omitted the term “beloved” when referring to De Monserat.)

“Although Mr. Phillips was very successful, he was also a controversial figure,” reads the original file on the plaintiff’s father, Gene. The document adds that Bradford Phillips, the CEO of a life insurance company, “had to overcome his father’s reputation with corporate regulators and others.”

In fact, the Wall Street Journal once described Gene, who died in August 2019, as “one of the most controversial figures in public real estate,” in part because of a shareholder lawsuit alleging he “abused his position to milk the company’s assets.” “. his private use. ”In 2002, Phillips and an associate were acquitted of extortion, wire transfer fraud, and other allegations. The federal prosecutors alleged they were part of an alleged scheme involving bribes to labor officials and gangsters.

In an amended complaint, the younger Phillips says he became the executor of his father’s estate and took control of his property but “had no business or other dealings with De Monserat”. The lawsuit continues: “Since De Monserat’s only connection to Gene Phillips’ business came from her role as a social acquaintance, [Bradford] cut off the flow of money to De Monserat in August 2019. “

Then, early last year, De Monserat and Phillips met to “discuss their dealings with the estate and its assets,” but failed to come to an agreement, according to Phillips’ lawsuit. In February of that year, De Monserat’s lawyer, John Polzer, contacted Phillips in a letter threatening legal action against the heir if he did not pay her.

In the letter, Polzer accused Phillips of “fraudulent activity” – including misappropriating the $ 2.6 million loan that De Monserat claims was linked to a Ministry of Housing and Urban Development project – and warned him not to alert the Internal Revenue Service, HUD, and the federal housing company. Phillips was not charged with any crime related to the episode.

A copy of Polzer’s letter attached to the court records shows that the attorney was determining what could happen if Phillips didn’t respond.

“We will be forced to use other remedies available to us, including, but not limited to, filing a lawsuit against you individually in connection with, among other things, your misappropriation of the $ 2.6 million estate suit against the testator because of fraudulent incitement with various signatures he obtained from our customer, as well as further information “from the government authorities.

In other words, the Feds might get involved.

Polzer’s letter also alleged that the late Gene Phillips appears to run a “deliberately complex network of businesses and oversee the execution of many related party transactions for the benefit of himself or his friends”.

“Our customer would like to break free from this network,” wrote Polzer.

In a statement accompanying De Monserat’s motion to initiate the lawsuit, the celebrity said she first met Gene Phillips in the mid-1990s. “As a result, we got close personally [sic] Friends and began working together on a number of real estate projects starting with the purchase of an apartment complex in Los Angeles in the late 1990s, ”said De Monserat.

De Monserat added, “Gene Phillips was in complete control of the management and operation of the various properties I owned and invested in as directed and advised by Gene Phillips.”

She stated that she bought a large Florida apartment complex in October 2015 and “allowed Gene Phillips to take control of the management and all business related to this property, just like I did with our previous real estate investments.”

Two years later, De Monserat claims, Gene suggested that she buy a property in Texas by refinancing the Florida complex. Then, in May 2019, the De Monserat, FL Westwood company received a loan insured by HUD to be used as a down payment in the Lone Star State.

“Although FL Westwood owned and borrowed, and I believe I signed all loan documents on behalf of FL Westwood, this HUD refinance transaction was orchestrated and at all times by Mr. Phillips and those who worked for him or were related to him De Monserat added in the statement. “The refinancing closed in May 2019, a few months before Gene Phillips passed away.”

“Neither FL Westwood nor I received a penny from the loan proceeds from FL Westwood,” continued De Monserat. “They were transferred to my now dismissed management company … which then, at the direction of Gene Phillips, transferred all of the refinancing proceeds to an account controlled by” one of Gene Phillips’ business associates.

De Monserat says that after Gene’s death, Bradford Phillips directed his father’s businesses to exclude them from the real estate projects she shared with the tycoon.

“After Mr. Phillips ‘death, around January 2020, I asked the plaintiff, executor of Gene Phillips’ estate, to provide me with a record of all the properties I owned and the investments I had with his father.” Monserat explained. “I received little or no information from the plaintiff.”

In a motion to commence the lawsuit, De Monserat also targeted Bradford Phillips’ original complaint, in which he described Gene as “a controversial life” while amassing his $ 3.5 billion fortune. In their plea, Bradford Phillips appeared to “disapprove of the manner in which his father amassed his fortune, but now wants to reap the rewards of his fortune as an executor by helping those whom his father entrusted and willingly hired, takes away “. Business.”

She also accused Bradford Phillips and his lawyer of attempting to “humiliate” her by calling her “one of Mr. Phillips’ long-time lovers who has nothing to offer from a business perspective …”.

In his complaint, Bradford Phillips described De Monserat’s allegations as “unfounded” and said the specter of “investigations by various government agencies would cause a significant disruption” to his business.

The lawsuit adds that Phillips “was feared that criminal allegations were being made against him, his family and the property” and that that “fear caused him significant emotional distress and, as an immediate consequence, harm”.

While their legal turmoil is unfolding in California, the case Phillips filed against De Monserat in the Dallas County Probate Court is pending. This legal filing suggests that a $ 1.7 million “alleged” promissory note signed by Gene Phillips on behalf of De Monserat in January 2014 is no longer valid as a statute of limitations on repayment has expired is.

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Originally Appeared Here

Filed Under: INVESTING Tagged With: Dallas, legal action, property

The hottest markets for real estate, according to experts

July 19, 2021 by NREB Staff

Work from home but invest nationwide.

Real estate investments shouldn’t be limited to where you physically reside as you may be missing out on some of the hottest markets in the country. The Roofstock experts fully agree and have made it their business to make buying and selling real estate a breeze while pushing physical boundaries to get into the lucrative business.

Roofstock is a company that enables individuals to invest in real estate, be it buying or selling, primarily with a focus on single family homes and smaller, manageable properties. First, search the marketplace for a property across the country that we can help you with right away. Then buy the offer in cash or through financing in order to receive the title in your name. Finally, consider teaming up with a certified property manager to handle day-to-day chores like maintenance and rental. The latter is particularly useful for out-of-state purchases in whatever booming markets you discover.

“Our platform enables everyone from first-time investors to global asset managers to value, buy and own residential real estate from anywhere in the world with confidence,” the company founded in 2015 explained on its website. “Since launch, we’ve exceeded $ 3 billion in transactions and will continue to revolutionize the industry with cutting-edge technology and innovation.”

Where are the best markets to invest right now?

Now for the fun part: start your journey as a real estate investor by selecting an area to invest in. Because Roofstock’s market map is so extensive it can be difficult to narrow down a location to operate, especially now that you don’t need to physically live in that area to invest. Fortunately for you, we brought in some experts from some of the leading real estate companies like Keller Williams and RE / MAX to help you plan your future investments.

Seth Levin, Associate Real Estate Agent at Keller Williams NYC, wants you to put the map aside for a moment and take a look at your taxes to find the best places to invest in real estate.

“Right now, a lot of money is flowing into the states that have seen a lot of emigration from countries with higher taxes,” Levin told The Post. “States like Texas and Florida are booming and prices have skyrocketed while demand far exceeds supply. While this is fantastic in the short term, there is a good chance that property values ​​will return to earth if inventories loosen and temporary population shifts due to the pandemic return to normal. Other hot areas are North Carolina, Idaho and Arizona. “

While the past year has been an unprecedented one with a rocky real estate history due to the pandemic, it is also wise to look at the statistics from year to year. That’s what the professionals at RE / MAX do by posting their annual report online to help others make real estate decisions through 2022 and beyond.

“Of the 53 metropolitan areas examined in May 2021, the average total number of home sales decreased by 0.2% compared to April 2021 and increased by 53.4% ​​compared to May 2020. Led the percent increase in year-over-year sales by Detroit, Michigan at + 136.6%, San Francisco, CA at +135.7%, and Miami, FL at + 131.8%, ”according to the RE / MAX National Housing Report for May 2021.

Where should I invest specifically in my chosen state?

Once you’ve settled on a general area, you need to make a little more decisions when it comes to choosing property, be it in a booming city or a quietly growing suburb, and you know how to handle the ups and downs of the city The market and the migration patterns of the people living in the region are crucial.

“The best way to see which areas are best for investing is by looking at the percentage of the location that owns or leases real estate,” suggests Levin. “Looking at vacancy rates is another great way to see how a particular market is performing. From a future appreciation perspective, too, it makes sense to see whether a market is undervalued due to a temporary situation. Manhattan would be a prime example of a performing area negatively impacted by temporary events. Other urban markets like Los Angeles, San Francisco, Seattle, Minneapolis, and Chicago have suffered a portion of their condominium inventory in the short term. Most of these areas have already seen this turnaround, but much more appreciation is yet to come. “

While remote investing is a tipping point for those who don’t want to move somewhere to manage their real estate, experts recommend getting a few boots on the ground during the location scouting process to get a feel for the local area before they get involved.

“There is no alternative to kicking tires,” said Kobi Lahav, senior managing director and sales director of customer referral company Living NY. “Go into the neighborhood, talk to people, sit down in a café. Get a feel for who lives there. Young families are always a good sign, as are new trendy coffee shops. There are also certain constants that never change and always make the market around them boom. Universities are one such constant. Always look around for good universities, first class, not second class schools, and that is always a sign of high demand. “

Of course, nobody expects you to do this alone. If you wish, Roofstock will provide you with an experienced property manager for everyday life and all experts agree that a strong team of advisors is a must, no matter where you invest.

At the end of the day you invest, it becomes a part of your life so you might as well pick a place that you are passionate about. After all, if you love what you do, you won’t work a day in your life, will you?

“Find where you love,” said Daniel Blatman, associate broker at Triplemint, a New York real estate agency. “They say that if you invest in companies that you use and love, you can’t go wrong. I’ve also noticed that with real estate. ”

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Originally Appeared Here

Filed Under: INVESTING Tagged With: Investments, Investors, Life, property, Residential real estate, shop

La Crosse County real estate transfers for Sunday, July 18 | Home & Garden

July 18, 2021 by NREB Staff

Robert Schmidt Jr. to Marcia Schmidt, 1522 Adams St.

Dianne Starch to Rita and Terry Gruntzel, 2948 23rd St. S., $ 50,000.

Amanda and Brandon Meyer to Melissa Terpstra, 1320 31st St. S., $ 226,500.

Mary Rohrer Revocable Trust to Debra Vicker Living Trust, 3416 East Ave. S., $ 190,000.

Dale Lahaie and Harriet Snow to Michael Brown, 2022 Wood St., $ 130,000.

Diane Gebhart to Gregory and Sandra Hakomaki, 3633 Mormon Coulee Road, $ 144,350.

Pamperin Real Estate LLC to Top Notch Auto LLC, 3404, 3504, and 3530 County Road B, $ 500,000.

Kimberly Galstad to Kim Galstad Family Trust, 1524 22nd St. S.

Courtney and Joseph Kostuchowski to Jennifer and Taylor Lovren, 3420 Kenton St., $ 185,000.

Tiffany and Taylor Fischer to Mary Gander, 119 16th St. N., $ 270,000.

Mary and Rudolph Clements to Rachel Dempsey, 2136 Mississippi St., $ 154,000.

Nicholas and Zari Ragner to Kenneth Finco, 2214 Jackson St., $ 176,000.

Emily and Peter Jantz to Brianne Herlitzke, 2820 Birch St., $ 252,000.

Sara Gilman to Tracy Zentner, 917 25th St. S., $ 140,000.

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Originally Appeared Here

Filed Under: INVESTING Tagged With: andar llc, brian, Commercial law, Companies, derek pasch, Donald handkerchiefs, Investments llc, Law, property, revocable trust

World of Homes and Saturday Scene section combines for more coverage | Home & Garden

July 17, 2021 by NREB Staff

Starting today, Tulsa World combines the World of Homes and Saturday Scene sections to bring you more coverage every week on everything related to your place of residence.

You will continue to find residential properties for sale, property news, and stories of building, remodeling, and national housing trends.

But now you get even more, with information on the latest interior design as well as tips from local experts on how to best grow your garden.

From next week, amateur cooks will still find recipes and the latest food trend news in the Scene on Thursday section.

For the holidays: Get inspiring living and gift ideas – register now!

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Originally Appeared Here

Filed Under: HOUSING Tagged With: Construction industry, cook, Fashion, garden, latest, news, property, scene, section, trend

Covid Accelerates Residential Real Estate Trends

July 16, 2021 by NREB Staff

The remote working concept now enables buyers to search for properties in sought-after locations

The pandemic has brought about a paradigm shift in the residential real estate industry. These days, home buyers are largely changing their preferences for an opulent lifestyle in a post-pandemic world. The residential real estate segment has always been resilient and considered the safest investment option, and Covid has further accelerated the demand for housing as the importance of home ownership has been recognized. The segment is now gaining traction among potential buyers, including HNIs, NRIs, Millennials, business leaders and professionals, as they are assured a higher, guaranteed and stable return on their investments.

The work-from-home and e-learning models are likely to last longer. These new concepts have changed consumer preferences towards living with their own workplace or study area and have also catapulted the transformation of conventional living spaces with 2,3 BHK configurations by including workplaces as an essential part of the offer. The pandemic has further pushed developers to rethink their approach and adapt to the evolving choices of modern home buyers. Properties surrounded by lush greenery, plenty of open space, modern amenities such as workout zones, meeting areas, play areas for children, swimming pools, etc. have become the most popular offers in this segment. The other important factors that play an important role in the home buyer’s decisions are the property’s location, ticket size, design, and new technology.

The remote working concept now enables buyers to search for properties in sought-after locations. For them, dream properties are not just a residential address, they also contain emotional, psychological and social values. Now homebuyers are not hesitating to consider housing on the outskirts of cities. The rapid development of infrastructure, improved health, hygiene and wellness factors in these regions are now attracting many potential investors. This has increased the demand for holiday homes or second homes in natural surroundings in order to enjoy “stay” or “work” and break the daily routine of everyday life. Modern 2 BHK houses with the latest equipment will continue to be the coveted offerings in the post-pandemic world to meet the needs of the core families of Indian millennials and to improve comfort and value for money proposals for a sustainable lifestyle . Environmentally friendly and sustainable elements such as green building certification, renewable energy sources and rainwater harvesting are the other driving factors for sustainable living.

Customer focus is paramount and the developers don’t hesitate to go an extra mile to tailor the offerings to the needs of homebuyers. They now offer full open plan floors that come with the option of redesigning the homebuyer ‘s choice, with the added benefit of being able to choose from a range of design options. Housing projects that are in the early stages or in the planning stages take all of these elements into account with a revised approach to reflect the renewed demands of buyers. The residential real estate sector has now completely turned into a buyer’s market and ethics, transparency and accountability are now core values ​​in this segment. Robust facility management, prioritizing health and wellness, bridging the trust gap and improving the customer experience have become top priorities for real estate developers. This will result in trusted developers gaining greater market share in the coming days with solid references and a proven track record.

The Covid-19 pandemic has become a turning point for residential real estate and has opened up countless opportunities for a better future. Strengthened by a conducive government policy, developer initiatives, a well-designed and robust infrastructure, a complete positive redesign of the residential real estate sector for a sustainable life in the future is imminent.

This article was written by Director, Mapsko Group

DISCLAIMER: Views that are expressed are the author’s own views and Outlook Money does not necessarily subscribe to them. Outlook Money is not liable for any damage caused directly or indirectly to any person / organization.

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Originally Appeared Here

Filed Under: NEWS/TRENDS, RESIDENTIAL Tagged With: Covid-19, investment, office, properties, property, Residential real estate, sustainable living, To work from home

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