Mayor wants a vacancy tax for empty storefronts

New York landlords tend to be institutional investors and hedge funds. Small businesses have been having a tough time renting stores, which typically go to chains or temporary luxury businesses.

Mayor wants a vacancy tax for empty storefronts

By Anthony Noto (New York Business Journal) Vacant storefront windows throughout New York City are an urban blight. And with traditional retail being such a tough market, they’re becoming more common. Mayor Bill de Blasio has a plan to solve this problem. While in Albany, the mayor called for the passage of a “commercial vacancy tax.” What […]

Make Wealth! Stay Wealthy!

Real estate is a great way to grow your wealth because asset tends to appreciate over time.

Make Wealth! Stay Wealthy!

We have often seen in the media, celebrities’ rags-to-riches-to-rags stories. It is unfortunate that some people can earn an adequate amount of money, more than the average American, only to squander it on commodities, or sometimes they, unfortunately, fall on hard times. Real estate is a great way to grow your wealth because asset tends […]

How to Fund your Real Estate purchase without Debt

When you make a new purchase, keep in mind its location and size, as it can determine whether you may earn rental income or increase equity.

How to Fund your Real Estate purchase without Debt

For most people, a real estate purchase is the most important transaction of their life. Buying a home holds sentimental value; you’re able to pass on your home to your children, or you can sell it to cash in on the accrued equity. There are various ways to fund a real estate purchase. Financing your […]

4 Things You Should Know Before Purchasing a Commercial Property

Making smart financial decisions is important in the ownership of a commercial property, and you can enjoy the increase of its value for years to come.

4 Things You Should Know Before Purchasing a Commercial Property

By Equity Smart Realty Owning an investment residential property will allow you to earn rental income, which helps increase the property’s equity. Owning a commercial property allows for rental income, an increase in equity and oftentimes an opportunity to earn from business ventures. Commercial properties can have mixed uses. A building with office space can […]

Real Estate Sales: Do You Know What’s Up?

As a buyer or seller, you should know who to call to manage each aspect of the transaction.

Real Estate Sales: Do You Know What’s Up?

By Equity Smart Realty Before you buy, sell or invest in real estate, know your role and know your goal. There are multiple participants in a typical real estate transaction: the buyer, seller, their respective attorneys, and the title company. Many homeowners seek the assistance of a real estate broker to negotiate the sales price […]

Want to Invest in Commercial Properties vs. Residential?

Due to the recent poor performance of real estate mortgages, banks and government regulatory agencies are reviewing, reassessing, and reinforcing commercial real estate (CRE) guidelines. This has been imperative at this time because the CRE fundamentals remain weak. Analysts need to review commercial real estate lending practices to determine the nature and extent of the bank's weaknesses and vulnerabilities

Want to Invest in Commercial Properties vs. Residential?

By Workers World Today Partners  Investors looking to purchase real estate quickly learn that the market is divided into two distinct markets: commercial and residential. The residential market is composed of properties that are mainly primary or secondary residences and are generally not purchased for the purpose of generating income. Most residential properties are purchased […]