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Coporate Transparency Act Flip-Flopping Finally Resolved???

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PRESS RELEASE FROM THE TREASURY DEPARTMENT REGARDING CTA:

March 2, 2025

The Treasury Department is announcing today that, with respect to the Corporate Transparency Act, not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the forthcoming rule changes take effect either. The Treasury Department will further be issuing a proposed rulemaking that will narrow the scope of the rule to foreign reporting companies only. Treasury takes this step in the interest of supporting hard-working American taxpayers and small businesses and ensuring that the rule is appropriately tailored to advance the public interest.

“This is a victory for common sense,” said U.S. Secretary of the Treasury Scott Bessent.  “Today’s action is part of President Trump’s bold agenda to unleash American prosperity by reining in burdensome regulations, in particular for small businesses that are the backbone of the American economy.”

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ICE Mortgage Monitor – February 2025

Utah Real Estate Investors Association

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According to the latest ICE Mortgage Monitor, foreclosure starts hit an 11-month high, but remain below pre-pandemic levels.  In addition, the number of homes for sale in 2024 increased 22% leaving for-sale inventory at its best level since mid-2020.  The ICE Mortgage Monitor provides a view of the current mortgage market, including loan-level performance, home price trends data, secondary market metrics and public records.

“While the share of homeowners past due on mortgage payments remains low by historical standards, we expect mortgage performance to become a growing topic of conversation in 2025, especially among FHA and VA mortgages.”

ICE Mortgage Monitor
ICE Mortgage Monitor
ICE Mortgage Monitor
ICE Mortgage Monitor
ICE Mortgage Monitor
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Yardi Says Multifamily Rents Off to Positive Start in 2025

Utah Real Estate Investors Association

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According to the latest Yardi Matrix Multifamily Report, multifamily rents are off to a positive start for 2025 with the average U.S. advertised rent increasing $3 nationally in January to $1,746. Year-over-year rent growth was up 20 basis points to 0.8%.

“Multifamily got the year rolling in a positive direction, with rents in January breaking a six-month negative growth streak….[HOWEVER]…One of the questions the industry faces in 2025 is whether demand will repeat 2024’s red-hot level.”

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Office to Apartment Conversions Seeing Record-Breaking Numbers

Utah Real Estate Investors Association

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Rentcafe says office-to-apartment conversions are surging in popularity and predict that 2025 will reach a record-breaking milestone of almost 71k units in the pipeline.  In addition they this trend reflects a shift toward sustainable, community-focused urban spaces that cater to the evolving lifestyles and priorities of modern American cities.  Indeed…

“While the volume of office-to-apartments conversions is growing, indicating increased interest in this type of retrofitting, the carryover of pending projects from one year to another is quite large. This suggests that other factors like conversion feasibility, construction costs, and local incentives come into play.”

Some key points:

  • The number of apartments set to be converted from office spaces has skyrocketed from 23,100 in 2022 to a record-breaking 70,700 in 2025.
  • Office conversions now make up almost 42% of apartments in future adaptive reuse projects.
  • Adaptive reuse of newer buildings (built between the 1990s and 2010s) is on the rise.

rentcafe

 

rentcafe
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Are Aging Baby Boomers About to Rekindle the Senior-Housing Market?

Utah Real Estate Investors Association

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The Wall Street Journal (reposted on Realtor.com) says aging baby boomers are about to rekindle the senior housing market.  They say that while senior housing has been one of the biggest disappointments for commercial real-estate investors, thanks to millions of aging baby boomers, that may be about to change.  In fact, they point out that the oldest of the baby boomers turn 80 in less than a year.

The sector is expected to move from its former glut to a shortage in the next five years. More than 560,000 new units are needed to meet all the demand by 2030, but only 191,000 will be added at current development rates, according to data service NIC MAP.

“We’ve never had a population pyramid that looks like this,” said Arick Morton, chief executive of NIC MAP. “The senior housing industry would need to develop twice as many units as it has ever developed in any single calendar year every year to keep up.”

WSJ.com
WSJ.com
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How to Avoid Costly Contractor Mistakes: Lessons

Community of Real Estate Entrepreneurs

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Scope of Work: The Foundation of a Successful Rehab

“The scope of work is bigger than anybody understands, If you don’t get it right, your project will go off the rails.”

A detailed, clear scope of work ensures that contractors know exactly what needs to be done and eliminates any “I thought it would look better this way” surprises. Here’s what Ray emphasizes when creating a scope of work:

✔ List Everything: Every task, material, and finish should be outlined in detail. “If you don’t specify the grout color, don’t be surprised when your contractor picks something crazy.”

✔ Time Estimates: Define how long each part of the project should take. If a job should take 45 minutes, and your contractor thinks it’s a full-day job, that’s a red flag.

✔ Material Costs: Have a rough estimate of what things should cost. This keeps contractors from overcharging or underbidding and bailing out halfway through.

“Every hour of planning saves five to ten hours of labor and cost,” Ray stresses. “Figure things out before they become problems.”

Qualifying Your Contractor: Ask the Right Questions

Not all contractors are created equal and hiring the wrong one can lead to nightmare scenarios. Ray shared his go-to questions when vetting contractors:

  • How many jobs have you done? “If a guy says he’s cut down three trees in his life, he’s not yo ... Read More…

FREE 7-part Fair Housing training series

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Unlock your path to fair housing knowledge—it's free! Discover our comprehensive course lineup today!!

FREE 7-part Fair Housing training series featuring Attorney Mark Zinman to help set you up for success.

Course Content

Part 1 - History - Fair Housing Laws are more than just words; they have a deep, rich history. Knowing our country's history is crucial in understanding the “why” and “where” of today’s critical laws. In this part of your training, you will learn the complex history of the Fair Housing Act and the context in which fair housing laws were born into existence.

Part 2 - Overview - Moving from history into our modern day, you will learn the main points of fair housing law, including how the local, state, and federal laws apply, any applicable exceptions. This section provides a general introduction to the protected classes, along with the many protections offered by fair housing laws

Part 3 - Disability - Discrimination based fair housing complaints are statistically the most common type of complaint filed. When interacting with a person with disability there are specific, additional nuances that do not apply to the other protected classes, including granting reasonable accommodation and reasonable modifications.

Part 4 - Assistance animals, which include both emotional support and service animals, enable a disabled person to reasonable use and enjoyment of a rental property. Property managers learn which ... Read More…


9 Ways to Increase Your Credit Score by Up to 100 Points

Community of Real Estate Entrepreneurs

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Your credit score is a key factor that affects many aspects of your financial life, from securing a mortgage to getting favorable interest rates. Many factors can impact your score—some of which might even surprise you. Some strategies may seem counterintuitive at first, but following these steps can help improve your credit score by up to 100 points. Here’s what you need to know:

  1. Keep Your Credit Card Balances Below 10% of Your Credit Limit

One of the most impactful things you can do to boost your credit score is to keep your credit card balances low. Ideally, your credit utilization ratio (the amount of credit you’re using compared to your total credit limit) should be kept below 10%. For example, if your credit limit is $1,000, aim to keep your balance under $100. When you lower your balance, you reduce your credit utilization, which can improve your credit score. Not only will paying down your balances increase your available credit, but it also signals to creditors that you manage debt responsibly.

  • Do NOT Close Paid-Off Credit Card Accounts

When you pay off a credit card, you might be tempted to close the account. However, closing a credit card account—especially one that has a long history—can hurt your credit score. The reason is that your credit history length and the total amount of available credit both influence your score. By keeping the account open, you preserve the length of your credit history and avoid reducing your ... Read More…


CTA is Back On... Again! Deadline extended!

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Received this email today from an attorney friend and mentor - Lee R Phillips regarding FinCEN and BOI reporting which is back on, again, just in case you missed the latest news on this. Crazy how this keeps going back and forth 😳

" LegaLees
Well, there is good news and bad news on the FinCEN front. The Smith case in Texas has kept the FinCEN Beneficial Owner Information (BOI) information on hold, but yesterday the U.S. District Court for the Eastern District of Texas in Smith, et al. v. U.S. Department of the Treasury, et al., 6:24-cv-00336, lifted its injunction.
The Financial Crimes Enforcement Network (FinCEN) has announced that BOI reporting requirements under the Corporate Transparency Act are back in effect, with a new deadline of March 21, 2025.
So registration is back on. Isn’t this fun! I did a YouTube on all this last week tracking what happened in January, but this new information Trumps (no pun intended) that YouTube. It’s still a good watch if you are having trouble falling asleep ☹ Check it out at https://youtu.be/oO4_2sZ0tkc
FinCEN also announced it intends to initiate a process this year to revise the BOI reporting rule to reduce burden for lower-risk entities, including many U.S. small businesses.
I guess it will go ahead and register mid-March unless something else happens. I already have my FinCEN personal number, so they have all my information. I just need to link it to the various companies I have. If you haven&rsqu ... Read More…