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Gerald Lucas

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What’s The Best Corporate Entity To Use In Real Estate Transactions?, Due Diligence Dos & Don'ts, Manhattan Rents Soar

March 1, 2022 Gerald Lucas

What’s The Best Corporate Entity To Use In Real Estate Transactions?

Real Estate Tip:

In a real estate transaction, don’t accept any piece of important data that is provided to you until you’ve gotten third party confirmation of it (i.e. lease-verified rental income numbers).

Real Estate Insight:

Rents in Manhattan including landlord concessions reached their highest on record for the month of December 2021.

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Tags Gerald Lucas, real estate tips, real estate strategies, S Corp, LLC, Trusts, corporate entity
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Home-Related Documents You Need To Save, How To Invest In Real Estate Tax Free, High End Student Housing Trend

February 22, 2022 Gerald Lucas

Home-Related Documents You Need To Save

Real Estate Tip:

You can legally invest in real estate with your IRA and 401(K) and pay little or no taxes provided your IRA or retirement plan uses an approved custodian. The widespread misconception that permissible IRA investments are limited to stocks, bonds, mutual funds and CDs is the result of people and companies who are in the business of selling these products.

Real Estate Insight:

Real estate investors are flocking to high end student housing as students are still heading back to colleges and universities across the U.S.

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Tags Gerald Lucas, real estate tips, real estate strategies, deed, Hud-1 settlement statement, home survey, mortgage, deed of trust, promissory note, title policy
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A Hopeful Sign For NJ Renters & Home Buyers, REO Property Dangers To Consider, Downtown Apartment Demand Recent Moves

February 15, 2022 Gerald Lucas

A Hopeful Sign For NJ Renters & Home Buyers

Real Estate Tip:

Be careful when you make offers to purchase bank-owned property, also known as REOs because there is no previous owner compelled to disclose problems like a leaky roof or oil tank. You must do your own homework which includes a property inspection--the bank will only give you clear title to the property.

Real Estate Insight:

Demand for downtown apartment properties has fully rebounded as investors are rushing in to buy in the biggest U.S. cities.

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Tags Gerald Lucas, real estate tips, real estate strategies, zoning ordinances, office space, zoning, housing market demand, multi-family housing, NJ home buyers, NJ renters
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