News about properties and real estate
Bradenton condo converter cuts prices [South Florida] When Matt Kihnke paid $15.5 million for a Bradenton apartment complex in March 2005, the Chicago investor looked primed to become the architect of another condo conversion success story. That was before the real estate market went soft and became saturated with converted apartments. Kihnke’s property, a 272-unit …
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Be careful with reverse mortgages South Florida is one of the hottest markets in the nation for reverse mortgages. And yet, these types of loans — which allow people age 62 and older to get payouts on the equity in their homes — are more expensive in South Florida than many areas of the nation. …
S. Florida apartment market remains tight South Florida apartment rental rate hikes may be slowing, though the market remains tighter than much of the country, according to a new report. The vacancy rates for South Florida apartments remain much lower than the national average, but there are signs monthly rent increases are starting to ease, …
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Florida business owners might see tax relief Owners of small apartment buildings and mom-and-pop businesses who have faced massive increases in their tax bills could see some relief under a plan that is moving swiftly through the Florida Legislature. A bill passed 13-0 by the House Government Efficiency & Accountability Council Wednesday would change the …
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Condo switchers flee Florida Miami’s condo market has nothing in common with its weather forecast these days; it’s freezing cold with a chance of bad investment. That might explain why more Florida condo converters are showing up in the Triangle. Meet Haim Einhorn. He has spent decades converting rentable apartments to for-sale residences in South …
Flipped in Florida — Selling in a Housing Bust There’s something about Florida residential real estate that attracts speculators like an alligator to an easy meal. Abundant sunshine has been known to distort investors’ perception of the laws of economics from the 1890s to the present. With tens of thousands of properties languishing on the …
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