Reasons to Invest in New Cairo Egypt Real Estate Chinese developers have announced that they will fund the new Egypt Cairo, which has ignited further developments for the new city. New Cairo will be developed to reduce pollution, overcrowding, and living costs. The China Fortune Land Develop Company has announced an investment of $20 billion, while another Chinese company has announced that they’ll invest $15 billion. This provides investors an opportunity to pitch in to this project and help build a city that will foster sustainable growth and national spirit. Other beneficial reasons include: It’s a Big and Available Market Egypt contains a large population, which provides investors with a large consumer base for housing units. There’s a favorable economic climate and growing middle class within Egypt, along with a low cost of labor. Together, these factors are enhancing Cairo’s ability to become a real estate hub. The city is also located on the edges of … [Read more...] about Reasons to Invest in New Cairo Egypt Real Estate
Becoming a real estate investor
City of San Francisco falsely accuses successful African American Real Estate Investor and charges her for $2.5 million
Anna Kihagi, a real estate in San Francisco SAN FRANISCO, Calif. (BlackNews.com) — Is cultural lynching still at work in utopic San Francisco? The City of San Francisco has waged a race war against Anna Kihagi, a successful African American real estate investor who has challenged the unjust practices in the properties under her management. So, what is her crime? Does she overcharge or discriminate? The answer is quite simple: her crime is being a successful Black woman. In 1892, Ida B. Wells exposed the mob violence and lynching in the South that targeted successful Black business owners. More than a century later, a successful Black woman is still facing persecution in the predominantly white city of San Francisco. Kihagi was born in Sub-Saharan Africa and raised by English nuns in a boarding school from the age of eight. She is a passionate believer in the American dream, working tirelessly and earning admission to the prestigious MBA program at the Wharton … [Read more...] about City of San Francisco falsely accuses successful African American Real Estate Investor and charges her for $2.5 million
Chinese Real-Estate Investors Retreat From U.S. as Political Pressure Mounts
Chinese investors have become net sellers of U.S. commercial property for the first time in a decade, reflecting China’s crackdown on foreign investment and growing tensions between the U.S. and Chinese governments. After years of binge-buying trophy real estate, Chinese investors sold $1.29 billion worth of property in the second quarter of 2018, according to data firm Real Capital Analytics. During the quarter, Chinese investors purchased only $126.2 million in commercial real estate.... … [Read more...] about Chinese Real-Estate Investors Retreat From U.S. as Political Pressure Mounts
Henrico-based Capital Square 1031 on a ‘growth spurt’ as boomers seek tax-deferred real estate investments
Louis J. Rogers was fresh out of law school in 1984 and just starting with the law firm Hunton & Williams in Richmond when he got an assignment that turned out to shape his career.A client who owned a hotel was looking for ways to sell it without getting hit with a big tax bill. Rogers was tasked with finding a solution. He recalls hunkering down in a research room on an early Lexis computer terminal.“Three days later, I emerged with an answer,” Rogers recalled recently in his Henrico County office of Capital Square 1031, the real estate investment and management company he founded in 2012.The answer was in a part of the federal tax code dating from 1921 that deals with what is commonly referred to as a 1031 exchange under Section 1031 of the Internal Revenue Code. Section 1031 allows a real estate investor to sell a property and defer the capital gains taxes by reinvesting the proceeds into “like kind” property, essentially swapping one investment property … [Read more...] about Henrico-based Capital Square 1031 on a ‘growth spurt’ as boomers seek tax-deferred real estate investments
Who Wants To Buy A Foreclosure? Real Estate Investors, Trade-Up Buyers, and Renters
Last Updated Dec 15, 2009 2:47 PM EST Who wants to buy a foreclosure? Fewer people than you might imagine. RealtyTrac, an online marketplace for foreclosures, and Trulia, a search engine for real estate listings, said that overall interest in buying a foreclosure declined to 43 percent from 55 percent, according to the results of a new survey. In a conference call this morning, Trulia co-founder and CEO Pete Flint said that 81 percent of Americans have a negative view of buying foreclosures, due to hidden costs, the perceived risk and the feeling that the home could lose value, a number he called "bleak." In May 2008, just 69 percent viewed the purchase of foreclosures negatively. But interest in foreclosures among real estate investors, trade-up buyers and renters remains strong. According to the survey:Nearly a quarter of all adults would buy a second home, and of those 92 percent said they would buy a foreclosure. About 24 percent of homeowners are at least "somewhat likely" to … [Read more...] about Who Wants To Buy A Foreclosure? Real Estate Investors, Trade-Up Buyers, and Renters