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What Does A New Historic District Approval Mean for Crown Heights, Brooklyn?

21 Jul

St. Marks Avenue in Crown Heights - one of the more historic blocks in the area

The intrinsic value of a neighborhood cannot be duplicated. From it’s limestone and brownstone buildings, to its long-time inhabitants full of culture and yes, at times vitriol, Crown Heights is one of the most unique neighborhoods in the United States.   Will this new historical district approval mean rising rents or simply more pride?  Will it improve neighborhood relations in a place ripe for religious and racial differences?  I suppose we’ll see for sure in the next few years.

Read the full article below from WNYC.org  writer Marlon Bishop.

July 22, 2011

On Tuesday, the city’s Landmark Preservation Commission approved the creation of a new historic district in Brooklyn’s predominantly West Indian-American and Hasidic Jewish neighborhood of Crown Heights: the Crown Heights North II Historic District.

The new district includes 610 row houses, apartment buildings and large Queen Anne-style homes, most of which were built between 1870 and 1920. The area is bound by Bergen St. to the north, Brooklyn Ave. to the east, Eastern Parkway to the south and Nostrand Ave. to the west; and it borders a pre-existing, 472-building historic area that the Landmark Preservation Commission designated as a historic district in 2007.

“The neighborhood is really an exquisite mosaic of remarkably well preserved examples of architectural styles and building types,” said the commission’s chairman Robert Tierney.

Area resident Deborah Young created the Crown Heights North Association to help generate interest in landmarking in the community and to educate her neighbors on the benefits of a historic district, which she says include increased property values and protection from the kind of over-development happening elsewhere in Brooklyn.

“Look at what’s going on in Downtown Brooklyn with the building of these huge structures,” said Young. “Not that they’re not nice in their own right, but they’re keeping with the brownstones that you have in many of our neighborhoods. So, for us in Crown Heights, we want to maintain what we have.”

According to the Crown Heights North Association, Crown Heights was one of the wealthiest neighborhoods in Brooklyn in the late 19th century. Eastern Parkway was lined with opulent mansions that were eventually torn down and replaced with townhouses. African American and Caribbean families began to buy homes in the area in the 1920s, even as the neighborhood became home to the Orthodox Jewish Chabad-Lubavitch movement and several Yeshiva schools.

Opponents of landmarking argue that protected status makes renovation and development unnecessarily difficult for landlords. Others claim that the resulting increase in property values leads to higher rents, which accelerates gentrification.

Before the Crown Heights North II Historic District becomes official, it must be approved by the City Council. A third historic district in the area is also being considered by the commission.

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5 cities where home prices will rise this year – New York Made the List

11 Jul

July 8, 2011, 12:27 p.m. EDT
5 cities where home prices will rise this year
In a surprising twist, a Florida housing market makes the list

By Amy Hoak, MarketWatch

CHICAGO (MarketWatch) — Despite recent price improvements nationally, only five markets in the country are expected to see home-price gains for the remainder of 2011: Washington, New York, Orlando, Dallas and San Francisco.

That’s right, Orlando, Fla., where prices have fallen 63% from their peak.

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See the entire MarketWatch Guide to Real Estate

This is according to Clear Capital’s home data index forecast, released Friday. The company provides real-estate valuation and risk assessment information for financial institutions.

Granted, prices are expected to be up only 0.7% through the remainder of the year in Orlando, said Alex Villacorta, director of research and analytics for Clear Capital.

“This is really a drop in the bucket compared with where this market has fallen,” he said. Yet it’s an encouraging sign of stability for a housing market that suffered the majority of its losses in 2008 and 2009, Villacorta added.

On a national basis, home prices are expected to fall another 2.4% for the second half of the year, according to the report.
A return to normalcy?

Still, recently there have been some hopeful signs that housing is at or very near the absolute bottom, he said.

Home prices rose 0.9% in the second quarter, compared with the first quarter, following nine months of price drops, according to Clear Capital.

In the S&P/Case-Shiller home-price index of 20 cities, prices were up 0.7% in April, compared with March. Read more: U.S. home prices up for first time in eight months.

Some may argue that the increases are seasonal and prices are up because more home buyers are in the market when the winter months end, Villacorta said. But even a seasonal blip is a good sign for a housing market that has been depressed for years now.

“We haven’t seen any seasonal blip in some time, so even if it is, it is a sign that markets are returning to normalcy once again,” Villacorta said.
Struggling markets

That said, not all markets have had a strong first half of the year.

Parts of the Midwest, for example, saw significant price drops in the first half of 2011. In Detroit, prices fell nearly 20% during the six months, with prices falling an average $12,000 on a typical $62,500 home there, according to the Clear Capital report.

On a national basis, prices fell 3.2% in the first half of the year.

A separate survey from Fannie Mae, released on Thursday, showed that a growing percentage of Americans aren’t optimistic about home prices in the year ahead.

Twenty-five percent of Americans expect prices to fall during the next 12 months, up from 19% who said the same in May, according to the Fannie Mae survey of 1,000 adults. Read more: Home price outlook worsens in June.

“We see a continued lack of confidence among consumers on home prices, the ability to sell their homes, and the state of their personal finances — all of which point to housing as a continued downside risk to economic growth going forward,” said Doug Duncan, vice president and chief economist of Fannie Mae, in a news release.

Here’s a look at the lucky five home markets:
1. Washington
Washington, D.C. is one of only five regions in the U.S where home-price trends are expected to improve during the rest of 2011.
2. New York
Home price trends in the northeast are expected to decline 0.8% overall, but in New York, above, real-estate prices should rise.
3. Orlando
The second half of 2011 could be good for hard-hit Orlando, Fla., where prices for homes and condominiums like this could rise by as much as 2%.
4. Dallas
A balance between prices and inventory could help support prices for homes like this one, for sale in Dallas.
5. San Francisco
San Francisco’s one of only five cities nationwide where home price trends will likely improve during the remainder of the year.

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Insider Wealth Tips – Positioning Yourself for Success

29 May

 

How can you use my secrets to position yourself for financial success?

Here I share my personal story on how I achieved financial freedom and became a Financial strategist and founder & President of Insiders Group Inc, as well as  how you can u

Letting Go of Industrial Age Thinking to Profit in The New Economy

1 May

This segment on ‘The Global Marketplace’ highlights key elements from my new workshop called Recession Driven Riches in which I share with you the same principles I used to insulate myself from the negative affects of the recession so you can position yourself to capitalize on the landslide of cash that’s being created with the new economy while others are drowning deeper and deeper in debt.

Feel free to share your thoughts with me on this topic by emailing me to Heru@InsidersGroup.com

follow me –  twitter.com/HeruNekhet

We’re Revealing Our Biggest Secret!

26 Nov

Of Credit Default Swaps, Gov’t Responsibility and Being Non-Trendy: an OPEN FORUM on the Economic Crisis

7 Nov

Hello fellow Insiders!

What a great day we had on October 25th.The weather may have been gloomy here on the East Coast, but our members were ready to mix it up as we held our first OPEN FORUM on the State of the Economy.A number of our local members and their guestsjoined us at our offices as we held a friendly yet honest discussion on their concerns about this tumultuous economy.

Topics such as globalization, morality, personal fiscal responsibility, buying ‘puts’ and other more disciplined investing techniques, staying ahead of trends, and the true purpose of government were all discussed.While our President and COO, Heru Nekhet and Augustine Diji, respectively, opened with a detailing of the history of capitalism as well as a breakdown of where it’s going in the future, among the longest and most spirited of discussions was about Credit Default Swaps and just how convoluted the whole process is.It would take a long edition to explain these to you, but our forum was truly timely since the following night 60 MINUTES did a story on this type of investing.Check it out here for an explanation on just what ‘Swaps’ are:

Another of our most memorable exchanges focused on creating/re-creating your business to be Recession-Proof.As Heru explained, “The day of the 9-to-5 worker is dead. You can’t just go to college and then come back and run the steel mill in your town.You have to keep educating yourself.”He expounded on that by breaking it down that more and more big businesses will be hiring ”independent contractors”as opposed to regular staff in order to reduce overall costs.Another quality suggestion he presented is getting into services that use the economic crisis to your advantage, such as credit counseling, financial management, career counseling for people to learn new skills – as long as there is profit and need for it, you can be even more successful than you were doing during the ‘boom times’.

Everyone left with higher self-assurance that they can still succeed despite the recession.To get more advice on how to handle yourself and your money during this period, keep your eyes peeled to this blog and our email blasts.

two great new Insiders Group workshops!

24 Sep

Great news everyone!

Starting in October, Insiders Group Inc. will be offering two sets of workshops that are CAN’T MISS!

With all the craziness going on with the U.S. economy, we’re kicking off our Autumn series with a two-hour intensive Insider Secrets to Near Perfect Credit workshop. Where our Financial Freedom courses tell you how to alter your mindset in order to learn the proper, no-fail ways to clear your debt and get a better grip on your finances through employing the secrets of the wealthy elite, our credit repair workshop teaches you to:

  • obliterate bad marks on your credit report and significantly increase your credit score in only 91 days
  • discover the secrets to getting bank loans and lines of credit even if your credit stinks
  • gain access to the billions of dollars out there that creditors are willing to give you, and much more.

The small investment for this priceless program is only $27. Registration begins right now, so join us at 216 Greene Avenue in the historic Clinton Hill section of Brooklyn on October 15th at 7pm to start enjoying the privileges that come along with good credit. The program also has a 100% money-back guarantee. If you’re not fully satisfied, you will get a full refund.

Later that week, and two more times during the month, discover the secret, unfair advantage that allows you to rake in huge profits in today’s real estate market with no bank loan, no credit, and little or none of your own money.

A lot of people feel the real estate market has crashed. But any investor worth their salt knows that no matter what changes there are to the market, one has to alter their strategies. Insiders Group Inc. is a true proponent and example of that type of thinking, and so we’re offering a great workshop for you all to still make money in real estate.

First some facts: According to the Association of Progressive Rental Organizations, the rental industry’s trade association, the lease option business generates $4.4 billion in revenues for the industry, and serves nearly three million customers! It shows no signs of slowing down, in fact, all indications point to increased revenues for years to come. It’s time for you to take advantage of this high profit, proven method while there is still virtually no competition.

In the “Insider Secrets to Making Big Money In Real Estate With Little Cash and No Credit” we’ll cover in detail and reveal the insider secrets of using the “lease with an option to buy” basic strategies. When you walk away from this workshop there will be no guess work involved in making your fortune in real estate because we’ll take you by the hand and show you the way.

When you register for this real estate investing workshop you’ll discover:

  • How you can acquire a profit producing property for very little or nothing down quickly and easily
  • How to attract the best tenants who pay for the property while you pocket extra cash
  • Learn the only types of real estate to invest in and which types you should avoid at all costs
  • Fun, fast, step-by-step methods for attracting eager buyers and motivated sellers but more importantly, how to get them to sing on the dotted line —EVERY TIME. Hint: it’s easier than you think!

…and MORE!

So, who should come to this workshop? Any already established investor who wants to stay ahead of the market and boost their income with a powerful new strategy. Also, anyone interested in making huge profits acquiring a portfolio of valuable real estate without the headaches associated with traditional investing.

You’ll get two hours of ALL NEW money making real estate investing information featuring the best quick start information.

Oh, and did I mention? It’s FREE. WHY? Because we know once you see how powerful these insider money making strategies are, we’re certain that we will at some point work closely together and each make a fortune. But because it’s free, we have to limit registration to the first 30 people that are registered, and seats are already being filled.

Insider Secrets to Making Big Money In Real Estate With Little Cash and No Credit starts on Saturday, October 18th at 1pm, occurs again Tuesday October 21 at 7pm, then again on Saturday November 1st at 1pm.

Registration for both workshops is uncannily easy. Either call us Toll Free: 800–614-4018 or at 718-622-2271.

So Don’t Wait, Hesitate, or Procrastinate! It’s time for you to Take Advantage of These Risk-Free Offers Today!

www.InsidersGroup.com