Hat tip to JP for sending this along, from USAToday.com: In the aftermath of the nation's housing-market collapse and recession, more than 500 midsize and large cities have seen a rise in the share of homes that are rented rather than owned, according to a USA TODAY...
Are you an investor who wants a rental survey before purchasing the next income property? Or are you thinking of leasing a home in an area where you're not familar with local rents? Check out these websites: www.rentometer.com or www.finestexpert.com A couple of...
From NMN: By Lew Sichelman While investors believe they will be able to outbid first-time buyers in the "rush" to snap up houses at today's bargain-basement prices, a large majority apparently plan to use a combination of cash and credit to purchase properties as they...
The REO listing in National City, plus extra clips from the bin:
From cnbc.com: The estate tax—gone for 2010 but back in 2011—will have changes that should make it less painful for taxpayers. That's if the current Obama tax cut plan crafted with the GOP becomes law. The feared provisions—a 55 percent rate on estates valued at more...
The Malibu, Calif. home of the late philanthropist Nancy M. Daly, the ex-wife of former Los Angeles Mayor Richard Riordan, has sold for more than $40 million. It was first listed for $57 million and most recently asked $47 million. The buyer, listed as a Delaware...
All we need is more soundbites like this, and we'll be off to the races. Potential buyers who are gainfully employed and have ample resources will gravitate to these articles, especially when they're quoting the guy with the most negative foreclosure stats. From...
From latimes.com: The site of a former department store in Beverly Hills considered one of the most desirable pieces of real estate in the country sold for $148.3 million on Tuesday to investors from Hong Kong and Singapore. Joint Treasure International, a Hong...
It's possible to buy rental property in the $500,000s around the coast, but they tend to come with other baggage; like spending 3 months to convince the tenants to move, plus three additional months for repairs:
