real estate investing: Real Estate Investing - Be Prepared for the Unexpected !
- 05/30/11 03:56 AM
Real Estate Investing - Be Prepared for the Unexpected ! Real Estate investing has many benefits: cash flow, appreciation, tax benefits and sometimes immediate built-in equity. In this real estate market, there are ample opportunities to sock away some investment properties for the long term. We have several. It is important to know that there are always risks and always will be. One of the things to be prepared for is the unknown and that is large repair costs. For example, I just got hit with a plumbing bill that will be over $7,000 for a sewer collapse. The tenant called me … (9 comments)
real estate investing: Old City Parkominium - A unique opportunity !
- 03/29/09 07:32 AM
Old City Parkominium in Philadelphia Most Realtors and appraisals will value parking in Center City Philadelphia for up to $40,000 to $50,000. Here is a chance to own parking for $25,000 in an established building where there is 24/7, 365 days a year valet, climate controlled floors, ATM machine and an immediate walking distance to thousands of residences and commercial stores. This is one of the most desirable parts of Philadelphia !
We have been marketing the Old City Parkominium and its interest is starting to grow. The location is one of the premier parts of Philadelphia as can be seen … (5 comments)
Chris and Stephnaie Somers along with the brilliant Intention Marketing just launched Philly Investor Hub ! (please provide feedback) A good percentage of our business is working with investors, from those looking to build a portfolio of investment properties from those looking to build new construction. Depending on market conditions, we also have helped numerous investors buy and sell "flip" properties (even in the current market ! ) We are bullish about the prospects of the Philadelphia real estate markets as can be seen in many of our Philadelphia real estate blog … (19 comments)
real estate investing: Northern Liberties is in Business Week's Top 15 real estate buying opportunites !
- 10/03/08 11:39 AM
Below are the top 15 areas that Business Week highlights as the top real estate buying opportunties in up-and-coming neighborhoods ! Business Week Article The article highlights a specific neighborhood within each city. The premis of the article is to watch where the artists are living now. Being that Stephanie and I live in one of the sections - Northern Liberties in Philadlephia - we can certainly attest to the thriving culture. We have great restaurants, coffee shops, artists and galleries and great new construction all around us. Further, the trend has moved north to Old Kensington as well which is one … (3 comments)
real estate investing: Investment Properties - Expect the Unexpected
- 09/15/08 12:44 PM
Cash Flow is a Misnomer for Investment Properties - Expect the Unexpected Yesterday while Stephanie was at an open house in Northern Liberties, we received a call from one of our tenants for a property we own in Bridesburg. Water and sewage was backed up and coming into the basement ! They were freaking out and upset (deservedly so) . Stephanie called me to let me know the problem. Both of us did not get upset. She made calls to a couple of contractors we know. One was able to go to the property right away. We found out that the sewage line … (4 comments)
This morning I hear the news that Lehman Brothers is filing for bankruptcy. AIG is seeking capital, and Merril Lynch is being bought out by Bank of America. Lehmans stock is now worthless, AIG is down another 50 percent for one day, and Merril is being saved. Wall St does not look pretty this morning. Investors interested in Philadelphia Real Estate should contact us at thesomersteam@yahoo.com .
There will be opportunties in the stock market as a result, but this may be the time to be more … (9 comments)
real estate investing: Stocks versus Real Estate - Lessons to be Learned
- 09/13/08 09:47 AM
I think as individual investors we can all come to conclusions which investment classes are most suitable for us as far as meeting our individual goals. Over time, the debate will always continue and sway back and forth over the question "What is the better investment ? The stock market or real estate ? " In times like this, I think it is pretty simple. Companies like Merril Lynch, Lehman Brothers (LEH), Washington Mutual (WM), AIG, Wachovia to name a few are down 60 to 70 to 80 percent in the last 1 year ! Lehman brothers is down close to … (10 comments)
The "pundits" all had there answers and there was a lot of dialogue but no one, in my opinion, got the right answer. The right answer is own BOTH - BE DIVERSIFIED. It is hard to believe with all the doom and gloom and retirment blow-ups that insiders at Bear Stearns and Enron have experienced or even real estate speculators that bought up everything at the top of the market that the … (15 comments)
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Norris Point in Fishtown will 10 New Construction Town Homes with ground breaking underway. Here's a Sneek Peak:
Real Estate Investing - Be Prepared for the Unexpected !
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