How to buy … investment real estate Investing in real estate most likely won’t produce the get-rich-quick results promised by many a late-night infomercial. But for investors willing to do some homework, make a good purchase and properly manage a piece of property, the rewards can be substantial. Various strategies can be used on the …
Category Archives: Legal
Palm Beach County property values make waves [South Florida]
Palm Beach County property values make waves [South Florida] Lee Berman of Palm Beach Gardens watched the value of his 87-slip Hypoluxo marina increase from $28.4 million to $44 million over the past year. His property taxes soared with it, rising by more than $550,000, while his business income remained the same. “I do see …
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The Berserkonomics of One Rent-Stabilized Apartment Building
The Berserkonomics of One Rent-Stabilized Apartment Building [New York City] For decades, New York has owed a key part of its allure—its unwillingness to honor class divisions with geographic ones—to rent stabilization. Under the system, which governs rents for a million apartments in the city, wildly different tax brackets can be found sharing walls, watts, …
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Riviera’s titanic waterfront revamp faces sinking feeling [South Florida]
Riviera’s titanic waterfront revamp faces sinking feeling [South Florida] For Bob Healey, the city’s $2.4 billion waterfront redevelopment plan is like a yacht stalled at sea. The New Jersey yachtmaker should know. His company, Viking Inlet Harbor Properties, was picked a year ago this week to turn 400 acres of blight into a dazzling waterfront. …
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Complex owners’ dilemma: Condos or apartments? [South Florida]
Complex owners’ dilemma: Condos or apartments? [South Florida] With the real estate market showing little signs of revival, some condo converters are facing this dilemma: Should I keep trying to sell these units as condos, or just give up and go back to apartments? The owner of the 450-unit Mizner Court at Broken Sound will …
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Unsuspecting Internet buyers paying thousands for unbuildable lots
Unsuspecting Internet buyers paying thousands for unbuildable lots Old-time swamp peddling has gone high-tech, thanks to Internet-auction sites such as eBay. The pitch – speculation on near-worthless Florida real estate – is decades old. But today, a new generation eyeing property for investment or retirement is buying land that’s miles from civilization, has no roads …
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