February 12, 2015 rummy

Over the last six years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth. Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. Some of the findings revealed in their report: §The average American family has a net worth of $81,200 §Of that net worth, 61.4% ($49,856) of it is in home equity §A homeowner’s net worth is over 36 times…

February 6, 2015 rummy

Bolstered by large multifamily portfolio transactions and several game-changing commercial and development deals, the dollar volume of investment sales in the Bronx rose above $2.39 billion, a 39 percent increase from the previous year, according to Ariel Property Advisers’ Bronx 2014 Year-End Sales Report. Investment sales transaction volume increased by 11 percent to 342, and the number of properties traded increased 20 percent to 577 in 2014 compared to 2013. The Bronx development market remained in high demand during 2014 and saw an 88 percent increase in dollar volume to $129.7 million over 40 transactions comprised of 73 properties with…

January 15, 2015 rummy

“Just one small tenant problem avoided can be priceless!” 1. Don’t negotiate your rental price or terms before meeting and screening the prospective tenant. It’s something we’ve all done at one time or another and have lived to regret it. In the vast majority of instances, the tenant who starts negotiating on your rental before even seeing it, is very rarely qualified financially to rent from you. Often, landlords may allow the tenant prospect to negotiate during the viewing of the rental. The tenant may criticize the property and point out improvements he or she wants done if they were…

January 13, 2015 rummy

Before family or friends come to visit over , take care of these tasks to make your home safe and comfortable. Visits from friends and family are common for many of us. Are you ready? Before company arrives, it pays to look around your home and see it as your guests might. If you’ve been living with a drippy faucet, a poorly flushing toilet, or a sticking door for months, you may have forgotten that these things need attention. A little TLC can make your home friendlier, safer, and more comfortable for your guests. Here are eight things to think about: 1. Be sure your…

December 16, 2014 rummy

As it turns out, some of the most successful people who have ever lived were people who got stuff done one step at a time. Everyone wants to succeed at the big stuff—but it’s when you develop an eye for the ‘smaller’ things that you really begin to make the world a better place. Not as many people care about the smaller things—but small things add up to make big things. Long-term goals are achieved in small portions, and small portions of goals are achieved in our daily routines and rituals. Choosing to succeed often begins with the ‘random’ moments…

November 19, 2014 rummy

Let’s propose a situation. A young man is sitting in a café, waiting to order. The waitress finally arrives—and he is suddenly awestruck with how beautiful she is. He fumbles around with his menu, trying to order without looking stupid. There is no denying that he would love to take her out to lunch sometime—so what should he do? Well, let’s say that he says to himself good things come to those who wait. Maybe, in his mind, he thinks that if he holds off and doesn’t ask her out, that they will end up meeting a different way, or…

September 23, 2014 rummy

Habits are usually emotional One thing that we need to realize about habits is that they tend to be emotional. You might not think of it this way, but waiting until the last moment to get up after hitting the snooze button a dozen times and then rushing off to work to be consistently five minutes late might actually be an emotional dependency that you will need to resolve before you can hope to enact the newer habit of getting up early. This is not always the case, but it can be significant—and it is important that you evaluate such…

September 18, 2014 rummy

Know what to expect and when, while obtaining financing for a home, the first step in getting Pre-approved with your Lender.   Stage 1: Get Pre-Approved: What You Need to Do – You will have a discussion with your Lender and be providing  them with Preliminary Documents. How Long Will It Take? – The discussion will take 10-15 minutes and shortly after your documents are received, you will be issued a loan pre-qualification letter. What’s Happening Behind The Scenes – Your credit and documents provided will be reviewed to be sure you qualify for the loan. You will then be…

September 15, 2014 rummy

Spend 3 minutes meditating every day Meditation doesn’t have to be incredibly deep to be effective. Find a nice peaceful place,sit on the ground, close your eyes, and just ‘be’. Don’t think about work,don’t think about money—don’t think about anything but the here and now. If you can do this once every day, you will be amazed at the difference that it can make. Keep things in perspective Getting insulted by your boss can be very hurtful and discouraging, but keeping things in perspective can help to neutralize feelings of anger or resentment—both of which contribute to a life of…