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5 at 5: Your Daily Digest for Real Estate Investing, 06/30/2020

Jun 30, 2020 by Marc Rapport

In Today’s News

Some Housing Market Relief Extended. Tax Returns Still Due on July 15

The feds extended at least two pandemic-related deadlines this week: forbearance agreements for multifamily property owners with Fannie Mae or Freddie Mac loans, and the FHA extending desktop and exterior-only appraisals for new mortgages. But the big-ticket item? The IRS says 2019 returns are still due on July 15.

Hotel Sector Rocked by Delinquent Payments: Tip of the Iceberg?

This report says some wealthy fund owners of hotel properties are starting to skip payments, calling it “a sign of a big crisis underway” that could spread across sectors.

But the Apartment Rent’s Getting Paid, Mostly The National Multifamily Housing Council says nearly 95% of 11.1 million apartment households it surveyed had made full or partial rent payments by June 27. That’s up slightly from last month.

Brookfield to Launch Virtual Fitting Room Kiosks This Summer

Combining virus safety with bricks-and-mortar, major malls in Chicago, Dallas and Los Angeles will be the first to offer virtual fitting room kiosks beginning in August.

Today on Millionacres

Are REITs a Good Inflation Hedge?

A Millionacres reader asked, and our Matt Frankel answered. See what he had to say here.

11% of the mega-wealthy swear by this investment…

The richest in the world have made their fortunes in many ways, but there is one common thread for many of them: They made real estate a core part of their investment strategy. Of all the ways the ultra-rich made their fortunes, real estate outpaced every other method 3 to 1.

If you, too, want to invest like the wealthiest in the world, we have a complete guide on what you need to take your first steps. Take the first step toward building real wealth by getting your free copy today. Simply click here to receive your free guide.

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