From Loopnet.com Sale prices for multifamily properties in the metro area appear to have a seasonal cycle to them. The highs in the cycle tend to occur around June and the lows come around December. Over the past year sale prices have risen 1.6% to $132,006 per unit....
Thanks to reader "interesting" for passing this along yesterday, from bloomberg.com: Blackstone Group LP, the biggest buyer of U.S. commercial real estate since prices bottomed, is jumping into residential property as housing recovers. The private-equity firm has...
From the utsandiego.com: Landlords and property owners aren’t allowed to throw away TVs, clothes and other unwanted items tenants routinely leave behind in rental units after they move out. The steps property owners and managers are required to take under California...
Several readers have sent in stories over the last 2-3 days about the big investment groups. These two stories mention the same company, Waypoint, but from different angles: WaPo: http://www.washingtonpost.com/business/2012/03/31/gIQAVOgDoS_story.html N. Y. Times:...
Hat tip to SM and jpinpb for sending this along....from Reuters: Dan Magder recently gave up a top job with private equity firm Lone Star Funds to strike out on his own and become a landlord. He's joining a growing list of big and small investors who see fat profits...
Click on the media player below to listen to our Blog Talk Radio program with Adam Rappoport. We discussed his experiences with flipping houses in San Diego, hard-money lending, and his newest venture, buying properties to hold for investment out-of-state....
Our friend Adam Rappoport will be on Blog Talk Radio this Monday, February 27th at 7pm. (Note the earlier time!) Adam is a long-time local realtor who got into the house-flipping business with houses he bought at the courthouse steps. When the competition for...
From HW: The government's program to turn foreclosed Fannie Mae, Freddie Mac and FHA properties into rentals "is here to stay," according to housing analysts at Morgan Stanley. One of the greatest effects of it, the bank's analysts say, is job creation, with the...
More from HW: The FHFA set off a firestorm of discussion in 2011 when it announced an REO-bulk sales initiative that aims to repair the hardest-hit housing markets by selling off bulk assets to investors who have the ability to turn those properties into rentals. The...
From npr.org: Investors from Asia are taking advantage of housing prices that have plummeted in recent years, buying foreclosures and short sales at below what it would cost to build them. Kevin Chu's Hong-Kong investment firm owns property in Las Vegas, but he's...
