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Gerald Lucas

  • Home
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What Landlords Should Know About DSCR Loans, Managing Your Property Manager, US Home Shopping's Surprising Turn In January

February 13, 2024 Gerald Lucas

What Landlords Should Know About DSCR Loans

Real Estate Tip:

Real Estate Tip: If you hire a property management company to manage your real estate, make sure your property management agreement has the following 3 items: 1. roles & responsibilities 2. payment terms and 3. termination clause

Real Estate News:

Falling US mortgage rates boosted home shopping in January.

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Tags Gerald Lucas, real estate tips, real estate strategies, DSCR (debt service coverage ratio), conventional mortgage loans, Jerome Powell, Federal Funds Rate, inflation, refinance mortgage, mortgage financing
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Are Houses Or Condos A Better Investment?, The Dangers Of Use & Occupancy Agreements, How Much Did Existing Homes Sales Change Last Year?

February 6, 2024 Gerald Lucas

Are Houses Or Condos A Better Investment?

Real Estate Tip:

If you allow the seller to stay in a property you are buying after the closing, make sure you have an airtight occupancy agreement that clearly spells out the dates of occupancy and the consequences of failure to abide by those dates.

Real Estate News:

Existing home sales in the US fell 19% in 2023.

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Tags Gerald Lucas, real estate tips, real estate strategies, condos, houses, maintenance costs, demand, single family homes, appreciation
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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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