The Queensland Government is considering proposals to limit rent increases to once a year as the rental crisis hitting the state continues. Under the proposed bill, landlords would only be able to increase rents once a year and would be required to give tenants at least two months' notice before increasing rent. The bill also includes provisions to prevent landlords from excessively increasing rents or otherwise gouging prices. Premier Annastacia Palaszczuk said the measures were aimed at balancing the rights and interests of Queenslanders who rent and property owners to ensure a healthy rental housing supply. He also said reducing…
Author: Private Lending Agent
A Lisburn man who has started a new property business has given us details about the local homes he has resold. Marty McCauley, who founded Kaizen Print, Brand & Digital in 2011 and recently sold the business in 2020, is now working on knocking down walls and bringing the old house back to life. The founder of Lofty Property Investments Ltd has entered the world of house flipping for profit alongside a growing rental property portfolio. read more: Marty told Belfast Live: “We plan to complete 40% of the project ourselves and for the remaining 60% we will bring in…
Today's investment landscape is constantly changing, with many investors seeking reliable and stable investment options that offer a predictable income stream with minimal management responsibility. One investment option that is gaining a lot of traction in the current market is Single Tenant Net Lease (STNL) assets. These are standalone commercial properties that are typically leased to one dedicated user, with the tenant responsible for all property expenses, including maintenance, taxes, and insurance. As the global economy continues to recover and the retail sector experiences growth, investing in STNL properties has emerged as a strong option for investors looking to take…
Mike Butler, who grew up in Lexington, and his wife, Denise Butler, who grew up in Mattapan, are hosts of HGTV's “Fix My Frankenhouse.” HGTVHGTV's new home renovation series “Fix My Frankenhouse” premieres this Sunday night at 9 p.m., and television will once again shine a spotlight on less-than-desirable Massachusetts homes in need of professional renovation.Following in the footsteps of PBS's venerable “This Old House” and HGTV's new “Houses with History,” the show focuses on “Frankenhouses” — homes with shoddy construction that are not only dysfunctional but borderline ugly, as HGTV describes them as “full of odd floorplans, staircases in…
The headlines on the state of the Commercial Real Estate industry are downright frightening, and they appear to only be getting worse. Occupancy is nowhere near pre-pandemic levels, nor is leasing activity. Skyrocketing interest rates have significantly ratcheted up the pressure on landlords, and with nearly a billion square feet of office leases coming up for renewal in the next 2 years, the level of anxiety is reaching a boiling point. There will always be demand for ultra premium space in key cities like NYC, Miami, and LA, but these assets account for a tiny sliver of the total market. Industries…
A fraudulent lawsuit by a company that represents itself as a one-stop shop for flipping homes has been certified as a class action by a federal judge in Cincinnati.Ohio-based Build Realty and other companies, including Edgar Construction, First Title, Gary Bailey and George Triantafilou, advertised through seminars, social media, websites and other media that they would teach people how to flip homes with little or no down payment and no credit check, WCPO reported.But lawsuits filed in federal court allege that between 2013 and 2019, students in Ohio and Kentucky were deceived by the company in a massive, organized scheme…
In her first interview in over a year, Ellen DeGeneres spoke to The Lib magazine, where she graced its spring cover, about her passion for home renovation, design, and real estate. According to the magazine, DeGeneres has personally bought and sold more than 50 homes and mansions in the Southern California area. Her extensive real estate portfolio keeps the comedian busy. Last year, her syndicated talk show also ended after 19 years on the air, during which it won more than 60 Daytime Emmy Awards. DeGeneres shared some background on her housing situation growing up, offering a possible origin story…
CINCINNATI — A judge has granted class-action status to a federal fraud lawsuit filed against Blue Ash-based Build Realty for alleged home resale fraud, opening the case to hundreds of potential plaintiffs in Kentucky and Ohio.U.S. District Judge Douglas Cole certified the lawsuit as a class action on Feb. 21, a landmark decision that could result in Build Realty and several local businesses having to pay millions of dollars in damages if they lose in court.”The damages are substantial, with each plaintiff amounting to tens of thousands of dollars,” said Bill Markovits, an attorney with the Finney Law Firm who…
Nationwide house prices recovered 0.6 per cent in March after 10 consecutive months of declines, ahead of the Reserve Bank of Australia's decision to keep interest rates unchanged at its policy meeting this month. Once again the recovery was led by Sydney, which rose 1.4%, although Melbourne prices also rose 0.6% this month. Other smaller capital cities were mixed, with only Perth (0.5%) and Brisbane (0.1%) recording increases, while Canberra (-0.5%), Darwin (-0.4%) and Adelaide (-0.1%) also recorded monthly declines, as did regional Victoria (-0.1%) and regional Tasmania (-0.7%). CoreLogic research director Tim Lawless attributes the rise to a combination…
Besides working in the emergency room, Monique Davis, RN, BSN, moonlights as a real estate investor specializing in land flips and spec builds. (She also moonlights as a family crisis coach specializing in troubled teens, but we'll cover that in another column.) Davis took the time to answer our questions about her business. Below is the interview, which has been edited for length and clarity. Why did you start flipping real estate/land as a side business? When did you start and how did it go? I started in real estate investing in 2018 by buying my first rental property, then…