I was raised in Tampa, Florida, where my parents ran an Italian butcher and deli shop. So, my work ethic started at a young age. I swept the floors and helped out where I could. Sometimes, it meant staying up late to get the job done. I got my first paying job at age 12 at the local mall, managing a kiosk where I sold software. This is the job
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What will happen when the plans end, and what opportunities does the situation provide for investors? Not wanting to repeat the number of foreclosures during the previous financial crisis, both federal and state governments placed moratoriums on residential foreclosures across the country. To keep borrowers in their homes, foreclosures were stopped and new forbearance plans were created. How the Plans Work Under the Federal Cares Act, a borrower wanting a
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National distributor pivots quickly to stave off financial impact of coronavirus shutdowns. I’ve always been a very optimistic person. Optimistic people are also risk takers. We just see opportunities where others see issues. Upset customer? Let’s prove ourselves beyond belief. Slow moving product? Try a new market and see what we discover. There’s not much that will slow me down. I have to say, COVID-19 almost did. A national health
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A strong summer could balance the Mile High City’s soft spring. It surprised no one that Denver, Colorado’s, housing market took a hit in spring 2020. After all, no market has been unaffected by the economic downturn the coronavirus pandemic brought on. However, real-estate-related behavioral trends that emerged at the end of April when some “stay-at-home” restrictions were lifted in Colorado indicate a strong summer for residential real estate could
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HomeVestors investors back local investments with national resources. Between 2010 and 2012, Wall Street poured billions of dollars into real estate. In the wake of the housing crash and the Great Recession, institutional firms bought more than 200,000 homes. People reacted as if the concept of single-family homes as an asset was something revolutionary, but a Texas-based real estate investing firm and franchisor had been engaged in the practice for
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Despite our current tumultuous economy, opportunities in certain sectors of real estate are still promising. Recession-resilient real estate, including multifamily housing, is a proven asset to any portfolio. Historically, you can see evidence of the strengths in multifamily housing by looking at recent market crashes, including the 2008-2009 Great Recession. As more people lost their homes during that time, the need for apartment rentals dramatically increased. Consumer confidence is another
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