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Gerald Lucas

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Gerald Lucas

  • Home
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The REAL Difference Between Condos And Co-ops, Important Fact You Need To Know About Your Homeowners Insurance, Huge Drop In Investor Purchases Of This Kind Of Property

January 30, 2024 Gerald Lucas

The REAL Difference Between Condos And Co-ops

Real Estate Tip:

Find out if your homeowners insurance uses "actual cash value" method rather than "cost to replace" method to calculate a claim--if so, depreciation will be deducted from your settlement amount, resulting in lower compensation to you in the event of a claim.

Real Estate News:

Investor purchases of US single family homes dropped 29% in 2023.

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Tags Gerald Lucas, real estate tips, real estate strategies, condos, co-ops, board of directors, condominium associations, fee simple ownership, mortgage financing
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Do Condo Associations Need A Property Mgmt Company?, The Reality About The Best Real Estate Deals, National Home Sales Move Down Again

August 1, 2023 Gerald Lucas

Do Condo Associations Need A Property Mgmt Company?

Real Estate Tip:

Most of the best real estate deals will involve properties that are in need of repair. In order to capitalize on these rehab deals, you or someone you work with will need to know how much time and money are required to renovate these properties.

Real Estate Insight:

US existing home sales fell 3.3% in June from May.

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Tags Gerald Lucas, real estate tips, real estate strategies, property management companies, property manager, condominium associations, self-manage
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What Is A Super Lien And Is NJ A Super Lien State?, Credit Repair Strategy Before You Apply For A Mortgage, Construction Labor Shortage Intensifies

July 12, 2022 Gerald Lucas

What Is A Super Lien And Is NJ A Super Lien State?

Real Estate Tip:

Investigate and correct mistakes on your credit report before you apply for a mortgage.

Real Estate Insight:

The Construction Labor Shortage Is Set To Intensify Over Next 6 Months

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Tags Gerald Lucas, real estate tips, real estate strategies, foreclosure, Super Lien, priority, record, homeowner associations, condominium associations, unpaid maintenance fees, 1st mortgage lien, subordination
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