REIT returns were marginally lower in December, as the REIT market produced total returns of more than 9 percent in 2017.
The total returns of the FTSE Nareit All REITs Index fell 0.1 percent in December, while the S&P 500 posted a total return of 1.1 percent. For the year, the FTSE Nareit All REITs Index gained 9.3 percent; the S&P 500 returned 21.8 percent.
Industrial REIT Prologis, Inc.’s (NYSE: PLD) supply of permitted land sites in global locations means it can continue to meet the increasing demand for build-to-suit development activity in 2018, according to Michael Curless, the company’s chief investment officer.
A typical tenant at the Courtyard at Encanto in central Phoenix is a single mother working as a home health care aide. She makes about 51 percent of area median income in a neighborhood that is undergoing rapid gentrification.
Housing Partnership Equity Trust (HPET) purchased the 160-unit Courtyard at Encanto in conjunction with Chicanos por la Causa (CPLC), one of Arizona’s largest community development corporations (CDCs), in 2017. For Anne McCulloch, president and CEO of HPET, serving the needs of such tenants embodies the mission of the social-purpose REIT.
Second-year Real Estate MBA students at the University of Wisconsin-Madison are gaining unique hands-on experience in active portfolio management as they manage a $2 million fund invested solely in REITs. The REIT fund is part of the University of Wisconsin Endowment first established in the late 1990s by three prominent alumni.
The students are enrolled in a special track of the university’s real estate MBA program known as the Applied Real Estate Investment Track (AREIT). It is described by the school as the first program of its kind in the country.
REIT returns fell in February as macroeconomic factors continued to dominate investor sentiment.
The total returns of the FTSE Nareit All REITs Index fell 7 percent in February, while the S&P 500 fell 3.7 percent.
Total returns of the FTSE Nareit All Equity REITs Index fell 7.3 percent in February. The total returns of the FTSE Nareit Mortgage REIT Index fell 3.3 percent in the month.
The yield on the 10-year Treasury note rose 0.2 percent in February.
In the past, people would buy a home and live there for the rest of their lives, often passing it on to their family. Things have changed. Many first-time homebuyers are going into it with the attitude that they’ll sell when it’s time for a change. If you’re looking to sell your house, you could be frustrated.
Despite the market trends in Philadelphia slowly shifting, it’s still very much a buyer’s market. With so much property available, you could find yourself waiting months or longer to get a fair price on your home.
One option that many homeowners are turning to is selling to a real estate investor like Philly Home Buyers, LLC to buy your house from you.
These independent investors typically purchase homes, repair them, and then use them to generate income; either as rental units or sell them for a profit. Philadelphia has numerous reputable and trusted real estate investors who will help you sell your home quickly.
Selling your house to an investor is relatively simple.
You provide him or her with information about your home and personal situation.
The investor will then inspect the home and determine a fair value, taking into account necessary repairs, and make an offer. If the offer works for you, you’ll close, and receive the payment for your house in cash… usually within 7 days if you want to close that fast.
This process is extremely quick compared to more traditional methods, often taking just 7-10 days.
If you need to sell your Philadelphia home very quickly, with little hassle, selling to a Philadelphia real estate investor is a great option.
When you work with a real estate investor… there usually aren’t any fees involved, as you don’t have to worry about paying an agent commission, and most often, the investor will cover the closing costs.
While real estate investors are often looking to purchase homes at a discount, allowing them to fix up the house if it needs repairs… then sell the home to another home owner.
Many people don’t consider the hidden costs of holding on to a property.
Extra months of mortgage payments, utilities, maintenance costs, and other fees could quickly add up. By selling at a slight discount, you could potentially end up with a larger sum in the long run.
By selling your home to a real estate investor, you’re saving yourself possible months of headache, and you can quickly move on to your new home. You’ll avoid expensive fees, closing costs, and investors will purchase your home as-is, assuming the costs of repairs that you’d have to pay if you were selling via more traditional means.
Fill out the form to get a fast cash offer on your home!
Selling your house in Philadelphia can be emotional and stressful, as you’re likely selling your most valuable asset. If you’re thinking about selling your home in the Philadelphia, PA area without the professional guidance of a real estate agent, you could be adding an additional level of complexity to the process — or streamlining the overall experience. You can sell your house without using a licensed agent, but it’s best to learn the pros and cons of selling a home by yourself, and which option is best for your situation.
The advantages of Selling a House by Yourself In Philadelphia.
Selling your house is perhaps a match for you in the event you have an up to date home, stay in a strong market and aren’t in an enormous hurry to leave. Below are the highest execs of promoting your home by your self.
Negatives of Selling a House by Yourself.
Selling your house is a gigantic endeavor, and is a course of that would considerably profit from the skilled steerage of licensed real estate agent. Brokers research the native market, perceive the comps and have a powerful understanding on pricing. Under are the highest cons of promoting your home by your self.
Relying in your promoting motivations, promoting your house by your self comes with many various execs and cons. Fastidiously weigh each choices and decide which works finest together with your way of life earlier than selecting to promote by your self, or to enlist an actual property agent.
As of 2016, only 8 states still charge inheritance tax. Even if you live in one of those states, some beneficiaries to an inheritance are exempt from paying it. Do you have to pay tax on an inherited property in Philadelphia? The following will help determine if you do.
Once the executor ( Person who has been appointed to manage the cash. Can be a family member or not) of the estate has divided the assets up and distributed them to the beneficiaries, the inheritance tax comes into play. The tax amount is calculated individually for each individual beneficiary, and the tax must be paid by the beneficiary. For example, a state may charge a 7 percent tax on all bequests larger than $2 million. Consequently, if your friend leaves you $5 million in his will, you just pay tax on $3 million, which is $210,000. The state would require you to report this information on an inheritance tax form.
The executor or administrator of an estate typically fills out the inheritance tax return forms on behalf of the beneficiaries. He or she only needs to complete one form, even if multiple people owe the inheritance tax. The tax form can be very complex; working with an experienced attorney will help you know for sure that the proper tax is paid.
After the form is completed, the executor usually pays the tax from the estate before the remaining amount is distributed to the beneficiaries. The executor or administrator has nine months from the date of death to pay the tax. Otherwise, a late penalty may be assessed.
The major difference between estate taxes and paying tax on an inheritance depends on who’s responsible for paying it. An estate tax is imposed on the value of property and a deceased person’s money and is paid out of the decedent’s assets before any distribution to beneficiaries.
Before an estate tax is due, the value of the assets must exceed certain thresholds that change yearly, but usually it’s at least $1 million. Because of this high threshold, Roughly only 2 percent of citizens will ever have to pay this tax.
The federal government does not collect inheritance tax. It IS ONLY AT THE STATE LEVEL – The eight states that collect inheritance tax are Indiana, Iowa, Kentucky, Maryland, Nebraska, New Jersey, Pennsylvania and Tennessee. All state laws are subject to change at anytime, so always check with your state’s tax bureau. The tax rates can be as low as 1 % or as high as 21% of the value of property and cash you are inheriting. Please check the chart for your state.
Inheritance and estate taxes are one of the most hindering taxes for economic growth and have been shown to suppress entrepreneurship, and have heavy compliance costs.
Step up in basis is the readjustment upon inheritance of the worth of an appreciated asset for tax purposes, discovered to be the higher market value of the asset at the time of inheritance. When a house is passed on to a beneficiary, its worth is usually more than when the previous owner bought it. “Basis” means the asset’s price used for tax purposes. To ascertain whether you’ve a gain or less when you sell an advantage, its basis is subtracted by you from the sale cost. You’ve got a gain if you’ve got a positive number. You’ve got a loss, if you’ve got a negative number.
The basis of a dwelling you construct or purchase is its price, plus any improvements you make while you possess it.
Nevertheless, the tax basis of a home’s is established after the owner dies otherwise when someone inherits a house. This implies that the price for tax purposes of the home’s isn’t what the -deceased earlier owner paid for it. This will typically be more than the earlier owner’s basis.
The bottom line is that if you after sell it and inherit property, you pay capital gains tax based just on the worth of the property as of the date of death.
Example: Jean inherits a house from her dad John. He paid $100,000 for it over 20 years past. John made $20,000 in progress over the years, so his ‘s tax basis in his house just before died was $120,000. However, when the house is inherited by Jean its basis is stepped-up to its fair market value on the date of the departure of John. Jean has the house appraised and this value is set at $300,000. The house is sold by jeans for $310,000 a few months after she inherits is inherited by her. $300,000 is her tax-basis on the house. She subtracts this amount from the sales price to establish her gain that is taxable: Sold price of 310,000 – $300,000 = $10,000 gain.
If you sell an inherited dwelling for less than its stepped-up basis, you’ve got a capital loss that can be deducted (assuming you do not use the dwelling as your private residence).
However, there is a max of $3,000 of total losses can be deducted against your income every year. Any excess must be spread out and deducted on future tax years until the total amount is deducted.
Depending on your own relationship to the decedent, you may receive an exemption or decrease in the amount of inheritance tax you must pay. For example, Philadelphia, Pennsylvania exempt a partner from the tax when the property is inherited by them from their partner. ( Husband or Wife – Up to the First $30,000)
The tax rate for Pennsylvania inheritances depends upon how close the familial connection is between the deceased person and the person receiving the inheritance. No inheritance tax will be owed if the beneficiary is:
There are also classes of people deemed to be close familial relations of the deceased; however, they do owe an inheritance tax. These individuals include children of the deceased and parents of a minor; they are considered “Class A heirs,” and they owe a 4.5% inheritance tax on the amount they receive.
“Class B heirs,” such as siblings of the deceased, owe a 12% tax rate. All other beneficiaries pay the collateral tax rate of 15 percent.
Rates for Inheritance Tax
The rate of tax imposed on transfers to or for a surviving spouse are based on the date of death of the decedent and taxed as follows:
| Dates of Death | Rate |
| Prior to July 1, 1994 | 6% |
| July 1, 1994 through December 31, 1994 | 3% |
| January 1, 1995 and after | 0% |
http://secureprod.phila.gov/wills/inheritancetax.aspx
We have been waiting for new “Accurate Date” on the Philadelphia housing market and received the following from Philly.com. This is great data to base your investment strategy on!
“You may have noticed that this section has not posted monthly data on rent trends in Philadelphia since April.
We explained the reason why in our April 11 post reporting on rental trends as reported by the three major apartment search sites: Zumper, Apartment List and Abodo. Put bluntly, there was no way of knowing whether the data sources were any good, as all three based their reports on data available only to them.
This state of affairs apparently caused some concern over at Apartment List, because in late May, the San Francisco-based apartment search site announced a complete revision of its methodology.
What Apartment List did was change the source of its data to reduce sample bias. The proprietary databases used by all three of the major search sites rely mainly on apartment listings posted online, which tend to skew towards the upper end of the market. And because the listings posted vary widely from month to month, without some sort of correction to remove the noise those variations produce, the changes — especially year-over-year ones — will swing wildly.
So Apartment List opted to take a hybrid approach by combining Census data from the American Community Survey, which collects data on a wider range of units, with its own same-unit analysis of listings in its database to extrapolate changes in rent from month to month and year to year.
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This approach produces noticeably lower rent figures in the cities the site surveys. In some of the more expensive markets, the difference is dramatic; here, it’s not quite as great — about $500 per month — but it’s still noticeably closer to the figures based on Census data, which the Department of Housing and Urban Development (HUD) also uses to determine rent subsidies.
“We spent roughly six months researching and implementing the methodology changes that we rolled out last month, and are making ongoing efforts to continuously refine our methodology and improve the accuracy of our estimates,” said Apartment List data scientist Chris Salviati. “We now use data from the Census Bureau’s American Community Survey (ACS) as the base for our estimates – we chose to use this data because the survey methodology used by Census results in a broad sample that is representative of all property types and geographic locations within a city, instead of skewing toward the luxury units and trendy neighborhoods which are overrepresented in private listing data.
“As a result, our new estimates are notably lower than previous estimates in most cities, but we’re confident that we’re now presenting a more complete and accurate picture of the rental markets in each city.”
Last month, according to the new methodology, rents in Philadelphia increased 0.3 percent from the previous month and 2.1 percent from the previous year. Both figures are below the national figures of 0.5 and 2.9 percent, respectively. The median rent for a two-bedroom apartment in this market stands at $1,160, a figure slightly above the national median of $1,150 but more affordable than in many other large cities, according to Apartment List.”
Taken from http://www.phillymag.com/property/2017/07/19/at-last-more-accurate-rent-data/#F8PBu7vsA2ByBpJ1.99
If you’re thinking about buying land, you have a couple of options. You could try to acquire raw land by watching for t in a listing service and buying through an agent, or you could buy vacant land for sale by owner Philadelphia directly. In this blog post, you’ll read about 3 reasons why you should buy raw land from the owner directly.
If you buy raw land through an agent, you’re stuck with whatever land the agent can find, which they’ll usually find by accessing a listing service like the MLS. This severely limits the amount of raw land that you can choose from.
However, if you change your perspective and start looking around for vacant land for sale by owner Philadelphia , you’ll have so much more land to choose from. In fact, you might be surprised at the amount of choice vacant land available!
If you take the “buy & hold” approach to buying vacant land only through an agent, you’re going to be stuck with whatever land is listed. Sure you might get lucky and find raw land right away but you’ll often end up waiting months for the “perfect” investment to come along.
However, if you take a different approach and buy vacant land for sale by owner Philadelphia you’ll have the confidence to move off of the limited listing service and instead find land owners yourself who are eager to sell their land but who chose not to list. That way, you can find more properties, faster.
Buying land through an agent usually means the selling agent will require proof of funds and will demand that you have a mortgage or cash in place before you buy. This can severely limit how much raw land you can buy at one time.
However, if you invest in vacant land for sale by owner Philadelphia , you often have a greater amount of choice when it comes to financing. In fact, you might even be able to get seller financing directly from the seller. (This won’t always be the case but it’s far more likely when you buy from the owner directly).
Many vacant land investors don’t want to get caught up in all of the annoying hassles and hoops that they have to go through in order to buy vacant land through a real estate agent. They’d rather just buy the land and start using it or developing it the way they want to. If that describes how you want to invest, then buying vacant land for sale by owner Philadelphia might be the right choice for you.
PHILADEPHIA, PA 19134
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mail@sellourhousephilly.com