In Today’s News
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.
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, MostlyThe 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.
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
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.
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