Creditors left in the lurch In the midst of an overheated market — where banks were hungry to make lucrative loan deals and many investors thought there was no direction except up for real estate values — a pair of developers went to work on Manatee County’s barrier islands. Steve Noriega, 56, and Robert Byrne, …
Category Archives: Investment Tips
Staying ahead of home market means going overseas
Staying ahead of home market means going overseas David Omler is helping to incite a British invasion of a profitable kind. The owner of Paradise Properties in Satellite Beach, Omler is targeting foreign buyers — particularly sunshine-hungry, palm-starved Brits — for his portfolio of high-end Brevard County properties. “The market is changing fast, and you …
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Condo offers couple home plus investment
Condo offers couple home plus investment For Bryan and Brooke Allen, downtown Knoxville isn’t just a place to call home – it’s also a business opportunity. The Allens live part time in a 1,500-square-foot condo in the Fire Street Lofts at 214 Jackson Ave. Along with their 1-year-old daughter, the couple splits time between the …
Glut of rentals is forcing owners to lower rents
Glut of rentals is forcing owners to lower rents During the past year, Scott Corbridge, who runs Sarasota Management & Leasing, has seen a 100 percent increase in the number of rental properties that his firm manages. Corbridge explained this trend earlier this month through a series of e-mail messages with Herald-Tribune staff writer Michael …
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Developer Ross Says Real Estate At ‘Best Moment’ in History
Developer Ross Says Real Estate At ‘Best Moment’ in History Wall Street is jittery about the fallout from a meltdown in the subprime lending industry, a slowdown in consumer spending, and a sagging retail sector. But for master developer Stephen Ross, the chairman, chief executive officer, and founder of the Related Cos., the economy couldn’t …
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Bad houses, busted loans? For Midlands investor, it’s all good
Bad houses, busted loans? For Midlands investor, it’s all good When mortgage lenders get stuck owning dilapidated houses in shabby neighborhoods, they often call James Odell Barnes. Barnes works the rock bottom of the housing market, what his lawyer calls the “sub-subprime market.” He and his partners buy foreclosed homes by the dozens, sight unseen, …
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