When the Bank Freezes Your Line of Credit By JUNE FLETCHER May 15, 2008 FROM THE WALL STREET JOURNAL Across the U.S., sellers with good credit who have never been late on a mortgage payment are getting their home equity lines of credit (HELOCs) frozen or downgraded. Major lenders like Bank of America, Citibank, Countrywide Financial Corp., Washington Mutual Bank and USAA have announced that they’re cutting back HELOCs in areas where home prices have taken a hit. But judging by a recent post about HELOCs on WSJ.com’s Developments blog […]
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A COMMERCIAL REAL ESTATE SURVIVAL PLAN
May 15, 2008 in COMMERCIAL R.E.
A Commercial Real Estate Survival Plan Submitted on 05/08/2008 From NetGain Real Estate Based on all the relevant economic data, what do the next twelve months have in store? NetGain has stated on numerous occasions that the next twelve months will be a difficult time for commercial real estate investors. You don’t need a degree in economics to know that consumers account for a majority (70%) of the economy and that as a group employed people propel the economy. From these deductions, one only has to look for two words […]
YES! YOU CAN USE YOUR RETIREMENT FUNDS TO BUY REAL ESTATE
May 15, 2008 in COMMERCIAL R.E., RESIDENTIAL R.E., Step 07: Fund Your Deals
Yes! You Can Use Your Retirement Funds to Buy Real Estate by J. J. Childers Many people are surprised to learn that a retirement plan such as an IRA or 401(k) has the flexibility to own real estate. If you’re one of those people, don’t feel bad. You’re certainly not alone! Currently, more than 90 percent of all retirement plans hold nothing but “traditionalâ€? assets such as stocks, bonds and mutual funds. That makes sense when you consider that the people who set up retirement plans are usually the same […]
RETAIL DEVELOPMENT IN MEXICO
May 1, 2008 in COMMERCIAL R.E.
Mall Developer Kimco Intensifies Growth Plans in Mexico Emerging Middle Class Down South Is Targeted As U.S. Market Fills Up By KRIS HUDSON April 30, 2008 IN “RETAIL TRAFFIC” Kimco Realty Corp., which over half a century grew into one of the largest shopping-center developers in the U.S., is shifting its focus south of the border, where an emerging middle class has fueled demand for suburban-style retail property. Kimco expanded into Mexico six years ago and now has 34 shopping centers there, compared with 809 in the U.S. But its […]