By the time this article is published, you would have already heard of Biden’s plan to eliminate 1031 “like-kind” exchanges for investors with annual incomes greater than $400,000. With Biden beating Trump by a wide lead according to recent polls, the real estate industry is bracing for even more turbulent times. 1031 “like-kind” exchanges have […]
During one of our company meetings, our new intern asked why anyone works with mortgage brokers. Even though I’ve been in the business for years, it never occurred to me to ask something as fundamental as, ‘Why are we in this business?’ At a time when lenders make themselves more available online, why do people, […]
Recent policy changes on rent increases combined with the pandemic essentially halted all economic activity. This is why investors now focus on the property’s cash flow to evaluate a good real estate deal. Investors used to look at upside in rents. However, since the rent law changes eliminated upsides, we are faced with the challenge […]