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Gerald Lucas

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Simple Way To Make Money Part Time In Real Estate, How NOT To Value A Property, Office Property Owners Struggle

July 18, 2023 Gerald Lucas

Simple Way To Make Money Part Time In Real Estate

Real Estate Tip:

Never use a seller’s asking price as a gauge of market value for a property. A property owner may request any price for his property-this may or may not be anywhere near market value. The current market value of a residential property is based primarily on what a similar property has sold for in the last 6 months.

Real Estate Insight:

Owners of many office properties are struggling to find buyers due to high interest rates, and declining occupancy & cash flow.

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Tags Gerald Lucas, real estate tips, real estate strategies, real estate wholesaler, wholesaling, contract, realtor, arbitrage, assign
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The Risk Shadow Banking Poses To Housing, Rental Lease Due Diligence 101, When Multi-Family Debt Bubble May Burst

July 11, 2023 Gerald Lucas

The Risk Shadow Banking Poses To Housing

Real Estate Tip:

Always ask to see any existing leases for any rental property you are considering for purchase. If you buy the property, you will be subject to the terms of those leases. Make sure the leases match the seller’s representations.

Real Estate Insight:

Many hard-to-refinance multi-family debt is coming due in October and November of this year.

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Tags Gerald Lucas, real estate tips, real estate strategies, shadow banks, shadow banking, global financial crisis, liquidity, lenders, financial assets, mortgage loans, mortgage defaults
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How Long Should A Home's Roof Last?, Do You Need Renters Insurance?, US Home Prices Fall Finally

July 4, 2023 Gerald Lucas

How Long Should A Home's Roof Last?

Real Estate Tip:

If you own rental property, encourage your tenants to buy renters insurance to protect their belongings and personal liability because a landlord's insurance policy does not cover those items.

Real Estate Insight:

In April, US home prices posted their 1st year-over-year price decline in 11 years.

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Tags Gerald Lucas, real estate tips, real estate strategies, roof, home, building permit, building department
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