Allen Cowgill is an expert at matching the two groups. To hear a replay of this interview, go to the club’s radio show archive page. T Here you will find the full length recording of Allen Cowgill’s interview along with other real estate legends. This page is always growing so check back periodically for more free real estate education. The American Real Estate Investors Academy is dedicated to bring the best quality educational material to the public. Look for our educational certification process in the near future. We will be rolling out a series of self-paced, online real estate courses which will take the student through all of the steps needed to become a successful real estate investor.
Real estate notebook: Homebuyers crave more negotiating power
The North Miami-based builder has started construction on all three buildings at the development on Linton Boulevard, just east of Jog Road. Prices range from the $280,000s to the $320,000s. Boca Raton -based Engle Homes built the first 102 units at Drexel Park in 2008, but the company later went out of business. The parent company, Tousa Inc. of Hollywood, later filed for bankruptcy and wound down its operations. Capstone bought the remaining land last year for $530,000 as part of the bankruptcy case. Boca apartment builder gearing up in South Florida The Altman Cos., based in Boca Raton , recently completed the models and first two buildings at Altis at Coconut Creek, a 270-unit rental development in Coconut Creek. The development is currently 33 percent leased. Altman also is developing Altis at Sheridan Village, a 300-unit rental in Pembroke Pines. Homebuyers crave more negotiating power Broward County buyers are finding more homes to choose from, but the market still tilts in favor of sellers, according to the latest figures from the Greater Fort Lauderdale Realtors. Broward’s stock of available single-family homes grew 1 percent last month compared with a year ago, the Realtor board said. Still, the county’s absorption rate for existing homes in September was only 3.8 months meaning it would take that long to deplete the current supply if no more homes were listed for sale. A balanced market that doesn’t favor buyers or sellers has about six months of inventory. But buyers can console themselves with this: The housing market is slowing down, and that’s gradually reducing sellers’ advantage. “Emotionally, buyers may feel a little better and be in a stronger negotiating position because they won’t be competing with as many multiple offers,” said Terry Story, a South Florida real estate agent for Coldwell Banker. “But they’re still going to pay more because we’re at a higher price point.” Mortgage lender opens Fort Lauderdale office Home Financing Center, an independent mortgage lender in South Florida, opened a Broward County office in Fort Lauderdale.
Xinyuan Real Estate Co., Ltd. Announces New Development Project
Miami, Florida (PRWEB) October 26, 2013 Buyers of homes in the state of Florida can now access one investment company portfolio now being marketed direct online. The Lucnar Properties company is now posting its real estate for sale in Miami, FL on its new resource at http://lucnarproperties.com . The Real Estate News Wire is featuring this company for its new additions to the housing community in Florida. Using banks, mortgage companies or other lenders can be a struggle for a person with a less than perfect rating of personal credit. Most lenders have now changed the rules for underwriting funding for a person who has less than a 700 credit score. The properties that are now being offered by the Lucnar Properties company in Florida are offering services that are home buyer centered and do not involve credit ratings. “The investment company approach to buying real estate is one that many consumers are exploring due to the elimination of fees and other charges that are more common with real estate agent listings,” a RealEstateNewsWire.com source said.
Inland Real Estate Corporation Appoints CEO Mark Zalatoris to Board
25, 2013, 5:05 p.m. EDT Inland Real Estate Corporation Appoints CEO Mark Zalatoris to Board OAK BROOK, Ill., Oct 25, 2013 (BUSINESS WIRE) — Inland Real Estate Corporation /quotes/zigman/360677/quotes/nls/irc IRC +1.97% announced today that its board of directors has appointed Mark E. Zalatoris, its chief executive officer and president, to join the board as a director of the company. In addition, the company is commencing a search for an additional director who, upon appointment, would become its ninth board member. About Inland Real Estate Corporation Inland Real Estate Corporation is a self-administered and self-managed publicly traded real estate investment trust (REIT) that owns and operates open-air neighborhood, community, power and lifestyle retail centers and single-tenant properties located primarily in the Midwestern United States. As of June 30, 2013, the Company owned interests in 154 investment properties, including 40 owned through its unconsolidated joint ventures, with aggregate leasable space of approximately 15 million square feet. For additional information, please visit http://www.inlandrealestate.com. To connect with Inland Real Estate Corporation via LinkedIn, please visit http://www.linkedin.com/company/inland-real-estate-corporation, or via Twitter at http://www.twitter.com/IRC_REIT. Certain statements in this news release constitute “forward-looking statements” within the meaning of the Federal Private Securities Litigation Reform Act of 1995.
25, 2013 /PRNewswire/ –Xinyuan Real Estate Co., Ltd. (“Xinyuan” or “the Company”) ( XIN ), a residential real estate developer with a focus on high growth cities in China, today announced that it has acquired a residential project in Kunshan, Jiangsu Province. Xinyuan obtained this project through the acquisition of a local privately-owned real estate company in Kunshan. The total site area of the land parcel is approximately 145,776 square meters. The development project will primarily be comprised of high rise residential apartment units for a total estimated construction gross floor area of approximately 284,000 square meters. The total acquisition price for the project was approximately RMB844 million (approximately US$137.3 million). Xinyuan acquired equity of the local real-estate company valued at approximately RMB567 million (approximately US$93 million). Approximately RMB276 million (approximately US$45 million) of the entity’s existing debt was paid off upon closing of the transaction. The Company is in the process of evaluating accounting treatment as well as future land appreciation tax and corporate income tax impact associated with this acquisition. Mr. Yong Zhang, Chairman of Xinyuan, commented, “We are pleased to have acquired this land parcel with construction-in-progress in Kunshan, a market in which we’ve experienced strong investment returns in the past.