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Bain Capital gains majority stake in residential investment lender Archwest Capital

Housing Wire

We are pleased to partner with Shawn and the Archwest team to deliver dynamic financing solutions to home builders , renovators and landlords who are expanding and improving the critically undersupplied U.S. housing stock,” David DePrez, managing director for Bain Capital, said in prepared remarks. “We

Investing 376
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Biden to call for first-time homebuyer tax credit, construction of 2 million homes

Housing Wire

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. The White House estimates that this “will raise an additional $3.79

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Make Your First Investment Property an Attractive and Profitable Option

Cleveland Appraisal Blog

You’ve just purchased your first property to renovate. Let the Renovations Begin! When you’re figuring out how much money you can put into your property, don’t forget to calculate renovations. Are You Cut Out to Be a Landlord? How can you capitalize on your first investment property? Next, look at your space.

Investing 332
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Nonprofits Leverage ADUs to Tackle Affordable Housing Crisis

Appraisal Buzz

In New York City, the Basement Apartments Safe for Everyone (BASE) Campaign advocates for legalizing and upgrading underground apartments, many of which qualify as interior ADUs. These apartments provide affordable housing options in high-density areas where space is limited.

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A recap of gen AI use cases at FHFA’s 2024 TechSprint

Housing Wire

The renter is presented with results they are prequalified for that fit their criteria and the app connects them with landlords/property managers. Unlike current solutions that simply surface the legal text, Mortgage Mind would provide guidance from agencies and circumstances that could affect interpretation.

Tools 310
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How To Find & Lease Commercial Space for Rent in 2022 [Full Guide]

The Robert Weiler Company

Ultimately, the landlord has the upper hand in the relationship and can change the terms of the agreement due to the short-term nature of the commercial rental space. A commercial lease is a legally binding contract that details the relationship between a tenant and a landlord. What does it mean to lease commercial real estate?

Tenants 144
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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

Helpful information includes tax parcel numbers, legal descriptions, number of buildings, building size, etc. Leased Fee Interest – Defined as the ownership interest held by the landlord, which includes the right to receive the contract rent specified in the lease plus the reversionary right when the lease expires. Value Scenarios.