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Gerald Lucas

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Are Rent Prices Finally Going Down?, Managing Your Contractor's Time, NJ Redevelopment Of Legacy Commercial Space

June 27, 2023 Gerald Lucas

Are Rent Prices Finally Going Down?

Real Estate Tip:

Find out how many jobs a real estate contractor is working on before you hire him. If he has too many jobs running concurrently, the job you hire him to do will unlikely be completed on time.

Real Estate Insight:

The NJ Economic Development Authority has established a $25 million fund to support the redevelopment of vacant malls, suburban office parks and hospital facilities.

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Tags Gerald Lucas, real estate tips, real estate strategies, rent prices, pandemic, inflation, housing supply, multi-family construction
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The 3 Demons of Tax Lien Foreclosure, The Big Difference Between Contractors Who Have Trade Lines, New Lease Asking Rents Rise Much Slower

June 20, 2023 Gerald Lucas

The 3 Demons of Tax Lien Foreclosure

Real Estate Tip:

Only hire real estate contractors that have established trade lines (credit accounts that allow them to buy supplies and materials themselves).

Real Estate Insight:

New lease asking rents rose just under 2% over the last 12 months--this is down from double digit increases a year earlier

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Tags Gerald Lucas, real estate tips, real estate strategies, tax lien holder, bankruptcy attorney, foreclosure attorney, courts, chapter 13, bankruptcy, property taxes, foreclosure
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3 Kinds of Real Estate Collateral, Due Diligence Before Buying Rental Property, Commercial Borrowing Plummets

June 13, 2023 Gerald Lucas

3 Kinds of Real Estate Collateral

Real Estate Tip:

Do a complete and thorough local rental demand analysis before you sign a contract to buy a rental property

Real Estate Insight:

Commercial borrowing declined 42% in Q1 2023 in all major property categories and from all major lender sources.

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Tags Gerald Lucas, real estate tips, real estate strategies, property, real estate, home prices, collateral, personal guarantee, assignment of rents, loan, mortgage
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