Property Management News

by Bill Bronchick A profitable, yet easy-to-learn method of creating cash flow is to buy and re-sell properties in back-to-back closings. However, flipping properties in this manner requires you to KEEP WORKING. When you stop working, the cash flow stops coming in. Rather than flip properties for all cash, flip them for some cash and a promissory note that pays you monthly income with interest for years and years. The “Wraparound” Transaction Obviously, you need the cash to buy the property. Most people buy properties using a mortgage loan, which means you need enough cash flow from the sale of the property to pay off the loan you borrowed. Enter the wraparound formula. A... Read more

by Howard Bell June vacancy rates in the largest 64 markets in the country averaged 6.6%, down from 8.2% at the end of 2009, according to MPF Research. “We certainly see the increase in rental demand in 2010, and it’s been a little more, frankly, than most apartment experts had anticipated,” said Mark Obrinsky, chief economist and vice president of research for the National Multi Housing Council. This may be the brightest sector and only strong story in a dismal market. There is a real sense of confidence building in the rental sector based on a few strong factors not present in the rest of the housing market. Apartments never had the build out boom that homes did. High... Read more