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Archives for March 2020

Impact of Coronavirus Pandemic On The NYC Housing Market

March 22, 2020 by Marco Santarelli

Impact of Coronavirus On NYC Real Estate Market

The New York City real estate market was already cooling off before the coronavirus pandemic put everyone in lockdown. As per the latest news, sixty people have died from coronavirus in New York City, as statewide cases jumped to over 10,000 on Saturday. Some 8,115 people had tested positive for the virus in the city as of 6 p.m., helping make New York the global epicenter of the pandemic.

Social distancing is being enforced everywhere. Testing and treatment is being ramped-up. The state officials are taking many measures for noncompliance of curbs on social distancing, especially in the parks of New York City, where many people were seen chilling on Friday.

The governor criticized young people for not heeding the warning to avoid unnecessary contact and danger of viral transmission to others. Till Saturday, coronavirus has sickened 2,484 people in Brooklyn, 2,254 people in Queens, 1,868 in Manhattan, 1,071 in the Bronx and 437 in Staten Island, the mayor’s office said. At least 1,450 people were hospitalized, including 370 people in intensive care units.

[Read more…]

Filed Under: Real Estate Investments

Impact of Coronavirus Pandemic On The Real Estate Market

March 17, 2020 by Marco Santarelli

Impact of Coronavirus On The US Real Estate Market

Today I’d like to talk a bit about the Short-Term Impact and Long-Term impact of the Coronavirus on the Housing and Rental Markets. Pay attention as I’m going to give you some insight and key takeaways on this episode.

I’ll have more to add in upcoming episodes, so if you haven’t already, now is a great time to click that subscribe button so you don’t miss out on another episode of the Passive Real Estate Investing podcast.

Keep in mind that this is evolving day-by-day, and although I’m not a fan of the main-stream media, it is my opinion that they are doing more harm than good by adding fuel to the fire of concern to those paying attention to them.

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Filed Under: Real Estate Investments

A Strong Demand of Single Family Rental Homes From Investors

March 3, 2020 by Marco Santarelli

single family rental homes

A single family rental home is a standalone property on its own lot. Investing in a single family rental home is basically investing in a house or a condo with an intention of renting it to a single tenant. It has few pros and cons attached to it but it depends on your expectations from the property.

Usually people tend to buy a property in a low budget or affordable locality and revamp it to attract new tenants. A single family home is a residential home. As a real estate investor if you're looking to increase the number of rental properties you currently own with bigger returns, you should consider investing in single family rental homes.

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Filed Under: Real Estate Investing

Top Reasons to Invest in Single Family Rental Homes

March 3, 2020 by Marco Santarelli

Reasons to Buy Single Family Homes

Single-family homes have the widest market appeal. In a softening marketplace, real estate that houses jobs (retail, office, etc.) will generally show rental weakness before the real estate that houses people (single family homes).  Changes in job indicators give investors in single-family homes opportunities to re-position faster than investors in commercial property can.

Single-family homes have lower rates of vacancy (downtime) than commercial property because there are more potential renters for a single family home than there are for a gas station or a big box store.  Single family homes have the most attractive financing terms available.  Single family homes will never become technologically obsolete.  What technology could replace the need and desire for a place with four walls and a roof where humans sleep at night?

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Filed Under: Getting Started, Real Estate Investing

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