| City's Rental Properties Are Focus of ‘Keen Demand'
"With land becoming more and more scarce in Manhattan and capital still flowing into the island like waves breaking ashore, the keen demand for existing residential rental property is as great as I remember in my more than two decades in the industry," the director and principal at Eastern Consolidated Properties, Alan Miller, said. "Competition for deals is intense, with bidding wars erupting for almost every available property that comes to market," he said. "Residential rental buildings have always been in big demand," the senior partner at Massey Knakal Realty Services, Tim King, said. "They are an appealing asset class for investors that range from small family operations up to the largest institutional owners." Continued
1 | 2 | 3 | 4 | Next Comment on this article .
Real Estate Investment Opportunity in the Caribbean - Luxury Villa ...
Los Angeles, CA (FV Newswire) - Bacolet Bay Resort and Spa Grenada offers an outstanding opportunity for both a financial and lifestyle investment. Owners buy-to-let 5 Star villas, apartments or cottages which form part of a luxury hotel and enjoy four weeks personal use a year. For the remainder of the year the accommodation will be let to hotel guests whilst the owners benefit from a share of the rental returns. Working to augment the limited supply of high quality property and cultivate their country's tourism market, the Grenadian government are in full support of the project. Grenada's Minister of Tourism, Senator, the Honourable Brenda Hood, has described Bacolet Bay as a project which will improve the quality of Grenada's tourism, re-iterating that it is one of the island's finest developments.
Home calendar
The Future of Michigan Real Estate: The Detroit Real Estate Investors Network will host the first session of its next 12-week discussion series titled "What Becomes of a Broken Market." 5:30-8 p.m. Mon. at the Java Exchange Caf, 440 Burroughs (TechOne building), Detroit. Each session will focus on a different topic. Free. Call Loray at 313-443-7188 for information. Real Estate Investors Association of Oakland: Learn from a panel of a judge and attorneys the legal requirements, court processes and restrictions on rental property operations, including the process of evictions. 5:30-9:30 p.m. Thu. at MSU Management Education Center, 811 West Square Lake, Troy. Free for members; $20 for nonmembers. Call 800-747-6742 or visit www.reiaofoakland.com. Home Buyers Seminar: Free step-by-step process into the joy of home ownership.
London property investment still hot, says Arlington
Speculative development is picking up in the central London office sector, which is outperforming all other areas of the UK property market, but is not yet able to match demand, according to property investment management firm Arlington Securities. However UK commercial property returns as a whole have slowed over the last six months. The total return for the IPD annual index over 2007 is projected to be 10% compared to the 2006 annual return figure of 17.9%. Arlington UK fund of funds manager Richard Gale said: ‘The surge in rental growth was initially led by the West End, but the City has also seen a sharp improvement in the last six months. However rental levels in the West End, when viewed in relation to City rental levels, remain almost as high as ever. ‘The sharp increase in rents in central London has been driven by increasingly fierce competition for available space.
Location is everything in foreign property market
Recent reports suggest that foreign property is increasingly being looked at by Britons as a method of boosting retirement income. Workers with an eye to the future are apparently snapping up properties abroad in the hope that either the rental payments received will boost their income streams when they are no longer working, or the property will have appreciated in value by the time they retire, allowing them to sell it and collect a lump sum. In practice, many buy to let investors will enjoy both the benefit of rental income and the bonus of a tidy profit if they choose to sell at an opportune moment in future years.The avenue of foreign property acquisition is one that has been opened up in recent years due to a number of factors. In part, the ever-increasing price of property back home has encouraged some people to look abroad for a property that may offer a better value investment that what could be procured by spending the same money back home.
You can use IRA fund to buy real estate, as long as it's an investment
Q: I read an article recently in the Milwaukee Journal that you had written about buying real estate with IRA money. If we are buying vacant land (forested), can we use our IRA money to purchase this land outright? Could I consider this an investment, or does it have to be something that produces income, such as rental property? I could sell firewood if I had to since the land is forested. A: You can use IRA funds to buy this property. The property has to be an investment, and there can be no personal beneficial use by you or anyone related to you. The property selected need not be income-producing. Vacant land is an acceptable investment option. Any work that is done on the property must be contracted through a third party and all costs must be paid from your IRA funds.
Have fun in the sun - with Langtons Property Plus
LONDON, UNITED KINGDOM--(CCNMatthews - April 10, 2007) - residential investment property specialist, Langtons Property Plus (www.langtonspp.com) has introduced 'sale and leaseback' for four of its French developments allowing property investors to relax in the sun, play golf and unwind whilst enjoying potential capital rises and the benefits of guaranteed rental returns.
The initial four developments are Belleme, a luxury golf complex in southern Normandy, just a hop across the Channel and two hours drive from Paris; Residence du Cap, a palm fringed naturist colony in the Languedoc in Southern France; Vallee D'Aulnes a stunning development inspired by the medieval city itself in La Rochelle, and La Baule in the Loire, situated at the heart of Europe's largest golf course. More developments, including stunning riverside apartments in Perigueux and select apartments just a five minute walk from the ancient city centre of Sarlat, both in the Dordogne, will be available with sale and leaseback contracts shortly.
Northern Lynx reports 15-month pretax loss of 5.6 mln stg
LONDON (AFX) - Northern Lynx PLC reported a pretax loss for the 15-month period ended Dec 31, 2006, well below its expectations due to the under performance of its Urban Logic business owing to a slow down in the property investment market and lower yields for rental property. .
Tax breaks on rental house
MY husband and I will be going overseas for a few years and wonder whether to keep our house as a rental property or sell it now and place the capital gains into my superannuation account. The house is worth $650,000 and has a mortgage of $550,000. I am 51 years of age with a very small superannuation balance. We have owned the house for only two years, and plan to sell it within the next eight years. I am concerned that the cost of selling this property and buying another will eat up most of your equity in it. A better solution may be to rent it in your absence and claim interest as a tax deduction. You can be absent from your residence for up to six years without losing the CGT exemption, so this will not create any capital gains tax problems. I am 50, self-employed and have had no employer making super contributions for me.
Lake Zurich trustees talk about downtown
The Daily Herald asked candidates to share their views on pertinent issues concerning the village with readers. Their answers to our questionnaire follow. They have been edited to correct spelling and capitalization mistakes. Q. Should the village have used the threat of eminent domain to acquire private property that was later sold to developers for redevelopment? Branding: The Lake Zurich TIF district is not blighted but considered a conservation area. That means if the conservation area in the TIF is not renovated, it could become blighted. The threat and use of eminent domain in this situation is an abuse of the eminent domain power. When eminent domain is used, the playing field between the government body and the property own becomes very uneven. Consequently, other property owners stop privately investing in their property because they are uncertain of the future of their property.
|
