February 24, 2012, 8:14 am
Saying Brazil reminded them of opportunities they saw when they began their careers in the United States in the 1970s, Related Companies developers Jorge Prez and Stephen Ross on Wednesday announced the launch of Related Brasil.
The company, which will be located in the Faria Lima section of So Paulo, plans an initial investment of $120 million in Brazilian projects. But the partners may invest as much as $1 billion in the Brazilian market by 2014, said Prez, a Miami developer known for landmark buildings such as South of Fifth in Miami Beach and Icon Brickell in Miami.
We already have experience in emerging markets like India and China, and now is the time for Brazil, said Prez, chief executive and founder of The Related Group, which has built or managed more than 80,000 residential units in Florida.
Continue reading post…
February 23, 2012, 4:06 am
Tweet
If I have the choice I always try and do a subject-to deal first and a lease option deal as a last resort. Why? Because with a subject-to I’m on the title, I own the property and I don’t have to deal with the seller anymore.
However, there are certain times when I’m unable to get a seller to do a sub-2, but I can get them to agree to do a lease option. The problem with the lease option is that I don’t own the property I only control it so there is more risk involved in the deal.
So how do I protect myself in a lease option deal and limit this risk? First off, I run a credit check on the seller. I want
Continue reading post…
February 22, 2012, 4:18 am
Thats what Assetz for Investors hopes to prove when it hosts a members day event on London on Saturday March 3.
Assetz for Investors will show you tips and tricks for spotting the most likely investments to achieve the best returns, based on the companys bosses own extensive experience of property investment, and the knowledge gained over several decades as a result.
Stuart Law, founder and chief executive of Assetz, himself a successful and high-profile property investor, will be on hand to greet members, as well as give a keynote speech on the day.
The topics to be covered will be wide-ranging, from how to plan a property portfolio for retirement, through an overview of the current buy-to-let mortgage market, to how to use pension funds to buy investment property.
“We take a real hands-on, proactive approach to seeking out the best investment for our members, and in turn, they know that our commitment is to ensuring, as far as possible, the long-term success of their investment strategies” said Stuart Law.
“Turbulent and changing markets demand a flexible yet measured approach to investment” Mr Law added.
Continue reading post…
February 18, 2012, 12:51 pm
Residential originations fell in 2011, and some lenders saw a bigger decline than others, according to MortgageDaily.com’s 2011 Mortgage Lender Ranking. The government’s role in residential finance was reduced last year.
Fourth-quarter originations by all lenders were an estimated $381 billion, up from approximately $317 billion closed three months earlier.
The biggest fourth-quarter lender was Wells Fargo, which reported that volume climbed to $120 billion from the third quarter’s $89 billion. No. 3 Bank of America saw production fall more than any other top-10 lender as it quit correspondent lending. U.S. Bancorp gave the best performance, where production climbed 51 percent.
Top 4Q originators
1. Wells Fargo
2. Chase Continue reading post…
February 14, 2012, 11:07 am
Sales of existing homes rose on both a quarter-over-quarter and a year-over-year basis, National Association of Realtors (NAR) said in a recent report.
Existing-home sales a measure of single-family homes and condos sold increased 5.9 percent from the third quarter (Q3) of 2011 to the fourth quarter (Q4), the NAR said. Year-over-year results from Q4 2010 to Q4 2011 saw a 9.2 percent increase.
All four major regions (Northeast, Midwest, South and West) all saw increases on both a quarterly and yearly level.
Sales have risen strongly in lower price ranges from one year ago, while sales at the upper end remain sluggish, Lawrence Yun, NAR chief economist, said in a statement.
Continue reading post…