Artificial Intelligence (AI) has officially arrived, and even though I absolutely love using ChatGPT and Apps like Starryai, I am terrified by the impact that AI can have on the world. The real world applications for AI seem endless, yet new use cases are being announced on a daily basis. If you want an original term paper on the causes of the French Revolution, and you want it written on a 6th grade level, ChatGPT will write it for you within 20 seconds. To illustrate this process, I added the following prompt: “Causes of the French Revolution on a 6th…
Author: Private Lending Agent
Have you ever watched a house flipping show on TV and thought to yourself, “I could do that too!” You're not alone! House flipping has become a popular trend in the real estate market. Many entrepreneurs are looking to make a profit by buying, renovating, and selling properties. But before you jump into the house flipping business, it's important to understand the benefits and challenges that come with it. Home resale business Flipping a house is a lucrative investment opportunity that can generate a high return on your investment. It also allows you to get creative and get involved in…
Property prices nationwide continue to recover, rising 0.5% in April following a 0.6% increase in March, according to the latest data from CoreLogic. Nationwide, home prices fell 9.1% after the COVID-19 boom, but recent signs suggest the housing market downturn may be coming to an end. But despite the recent price declines, the median home price in the Capital Region remains 12% higher, or about $83,000, than it was at the start of the COVID-19 pandemic in March 2020. Leading the property price recovery is Sydney, where prices rose 1.3% in April and have increased in house prices every month…
HGTV's “Fix My Flip” returns for Season 2, starring Paige Turner as she helps home flippers make a profit, which is harder than ever in today's high-interest rate market.In the “Beachside Rescue” episode, Turner meets a seasoned home flipping couple, contractor Juan and his daughter Allison, who have flipped six properties together but have yet to make more than $50,000 in profits on each one — a low profit margin in the Southern California market.They know they need to make changes to their business but aren’t sure whether they should cut their renovation budget in hopes of cutting costs or…
Page Turner is back! The HGTV star returns to Fix My Flip to help struggling real estate agents get back on their feet and pull off successful renovations. Season 1 was a huge hit, garnering over 12.4 million viewers. After talking with Page about Season 2, we can safely say it's sure to be just as great (if not better) than Season 1. What is Fix My Flip?For first-time viewers, the show's premise is straightforward: With experience flipping over 110 homes, Paige offers her expertise to flippers struggling with budget worries, crazy schedules, and design decisions (or, often, all of…
“Fix My Flip” garnered 12.4 million viewers in its first season, how do you plan to keep fans excited for season 2? I get so excited when I hear those numbers. Now, this season the stakes are raised. We still have Flipper who escaped, but we might see the front of the house being dragged down by a truck. We might see 130-plus cats rescued from the house, or we might not. We might see Flipper who goes pretty underwater and is adamant about the way he flips. I might have to walk away. These things might raise the stakes…
Los Angeles, California: Following the huge success of season 1 of “Fix My Flip,” HGTV has renewed the renovation show for a second season. Fans of the show can look forward to watching the amazing renovators help struggling flippers evaluate distressed properties that are halfway through renovation. Paige Turner, a home improvement expert who has sold millions of dollars in real estate and completed over 100 successful renovations, returns with veteran builder Mitch Glew to transform failed properties into luxury residences. The duo recently appeared on HGTV's “Rock the Block” and will next be fixing up homes on “Fix My…
Common area maintenance fees (CAM) are an important aspect of commercial real estate, especially retail properties. CAM fees are costs associated with maintaining and operating the common areas of a commercial facility, such as a mall or shopping center. These fees are typically passed on by the landlord to the tenant. “Fixed CAM” means that the lease requires the tenant to pay a flat rate (not a tenant's pro rata share) for common area maintenance fees. Fixed CAM fees are typically (i) based on an amount per square foot of the tenant's premises and (ii) subject to increase over the…
Any form of investment carries risks, which is why it's generally recommended to diversify your assets to avoid being in trouble if one investment fails. Read on to learn more about investing in commercial real estate in Staten Island, NY, commercial properties for sale in Staten Island, how to mitigate investment risks, and how to make the most money from your investment. Types of CRE available in Staten Island Investors eyeing Staten Island for their next investment will find that the area offers a great mix of residential properties and CRE for retail and manufacturing. Among the commercial real estate…
Taking on a house in need of repairs with the intention of turning it into your dream home requires a completely different mindset than renovating it with the intention of selling it, so it's not surprising that people make mistakes when flipping homes.Whether you are adding value to your home for a big profit or sprucing up a permanent home, both are likely to require demolition dates, reconfiguration, and a lot of manual labor.Real Housewives newcomer Erin Richie is the founder of the renovation, home flipping and development company Homegirl, and she talked about the three most common mistakes people…