All tagged real estate returns
In the now seemingly distant past, all work was about leaving your home and going to your office. Then the digital revolution changed that and gave people the opportunity to work within the comfort of their homes. Even startups that evolve into the leading companies of the world start from the homes of their CEOs.
The startup and freelancer mode of work hasn’t yet managed to dominate the working sphere, and we already have another trend that’s gaining in popularity and influence – the shared working space. Only a decade ago, shared offices were practically unheard of, and now we’re discussing their effect on the very existence of traditional offices.
But how much of an influence does this mode of work have? And more importantly, is it disrupting traditional office leasing?
Benjamin Franklin once said that there are no guarantees in life other than death and taxes but I believe we can also add a downturn in the real estate cycle to that list.
Having been in the real estate business for over three decades I’ve experienced first-hand multiple cycles in the market. During these phases I’ve noticed a trend, people who operate their properties with a strong management team typically forecast the market turning and prepare in advance.
The market you’re in will have a lot to do with how properties are effected, Los Angeles and a few other major metro areas typically only see a drop in value of a few percentage points while other areas can take a bigger hit.
Pulling the trigger on your first real estate investment is daunting and not everyone has the risk appetite to go it alone.
If you want to start investing but don’t want to take a leap of faith, you may want to consider a Real Estate Investment Trust (REIT).
If you could have dinner with anyone famous who would it be? What's something surprising that most people don't know about you?
Find out the answer to these questions (and more) with agent Hannah McCarthy! Hannah sits down with CBI's George Pino to talk about her life and career.
Legacy real estate properties often pass from one generation to another. But when it comes time to sell these properties, are there right and wrong ways to roll over the proceeds to new real estate investments? According to Steven Hornstock, co-managing partner of New York City-based ABS Partners Real Estate, a full-service vertical real estate company involved in management and leasing, adhering to a handful of proven strategies can make a huge difference. And the strategies are all the more key given the new Trump-era tax laws pushed through in 2017.