Austin: Top Site for Investors

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Austin: Top Site for Investors Previous: Low-Priced Rents Drive Growth Next: Dorian Could Bring Losses of More Than $1B The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Austin Investment 2019-09-17 Seth Welborn Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Austin Investment The Best Markets For Residential Property Investors 2 days ago About Author: Seth Welborn Sign up for DS News Daily Austin, Texas is one of the hottest real estate markets out there in the U.S., and according to Ari Rastegar is CEO of Rastegar Property on Forbes, expansion in Austin is continually fueled by a rising population, tax benefits, industry influx, affordable housing, available jobs and highly rated schools.With 50,000 new residents in Austin between 2017 to 2018, and several major companies setting up shop in the city, Austin has seen a boom in residential investment and construction.“It’s a growth market for the single-family and small multifamily investor.,” Rastegar said. “You can own a pocket of homes or a vintage multifamily to garner prime rents and positive cash flows. There’s tremendous opportunity to make healthy margins and still provide an accessible price point for the tenant.”Investors looking for favorable cap rates, stable returns and low vacancy rates see Austin as a social and economic environment with excellent demand factors. Potential deals exist across the range of values and property classes, and you can find value-add opportunities with numbers that cash flow.Surrounding areas, such as Round Rock, Buda and Kyle, are experiencing the trend and also presenting excellent investment opportunities, according to Rastegar. Median home prices in these areas are around $315,000, “creating unique appeal for young professionals and families transitioning to Austin.”Austin itself is still affordable compared to other major metropolitan markets in the U.S, and according to Rastegar, there is still room to grow, as homebuyers can buy a starter house and still expect to have excellent equity growth in their property.“Austin has it all: a booming economy, a scholarly environment, a creative culture, an educated workforce, tax advantages and more,” said Rastegar. “For the same reasons that residents and corporations choose Austin, insightful real estate investors and developers should position themselves to meet the growing demand for residential and commercial space.” September 17, 2019 974 Views Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Austin: Top Site for Investors Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Investment, Market Studies, News  Print This Post Related Articles Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribelast_img read more

How Property Owners Can Prepare Financially for a Tornado

first_img Share Save Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Government, Market Studies, News Related Articles How Property Owners Can Prepare Financially for a Tornado Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / How Property Owners Can Prepare Financially for a Tornado Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago 2021-04-02 Christina Hughes Babbcenter_img Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: Examining FHFA’s Commitment to Diversity Next: CFPB Instructs Servicers to Prepare for Forbearance Expirations The Week Ahead: Nearing the Forbearance Exit 2 days ago April 2, 2021 792 Views About Author: Christina Hughes Babb Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago A staggering number of tornadoes in America over the past decade has resulted in billions of dollars in property damage, which could be especially nerve-wracking for certain homeowners during the spring, since April, May, and June typically see the most tornado activity countrywide.The government outfit created to respond to natural disasters and aid victims, The Federal Emergency Management Agency (FEMA), has allotted $359,768,106 for tornado-related recovery during this time span, shows a report from LendingTree’s Value Penguin. That goes toward the approximately $14.1 billion damage overall to property and crops caused by 5,710 tornadoes hitting every state except Alaska, including Washington, D.C. In each of Alabama, Texas, Mississippi, and Illinois, twisters wreaking more than $1 billion in damages.But the frequency of hits did not necessarily dictate the distribution of funds.FEMA’s records show that just two states received nearly 50% of the agency’s disaster relief funds during this period, with unlikely Massachusetts leading the way, according to the report.The big takeaway for homeowners is this: Value Penguin data journalist Andrew Hurst says that “while the federal government’s efforts to repair tornado damage pose a multibillion-dollar financial commitment, data from insurers don’t indicate that affected property owners will face huge premium increases if a storm destroys their homes.”In the 13 states that are most prone to tornadoes, homeowners generally don’t face punitive increases to their premiums after a catastrophic loss. Insurance rates increased by an average of 8% following a total loss, according to the report.In other words, rate information shows an average per-year increase of only $180 in the states most likely to experience the greatest number of tornadoes.He adds that, based on the findings, FEMA Funding is not an adequate system to rely upon in case of a natural disaster.”If you are preparing for the upcoming Tornado season, double-check your home insurance coverage—and make sure your insurance will allow you to recover completely after a storm,” Hurst advises.”While most homeowners can be assured that their rates won’t rise precipitously after a tornado, if not adequately insured, [homeowners] may face hundreds of thousands of dollars of damage [they] may need to pay out of pocket.”To view his full report, visit: valuepenguin.com/damage-caused-by-tornadoes. Subscribelast_img read more

CopyrightX returns for a second run in January

first_imgCopyrightX — AKA ‘The MOOC the New Yorker actually liked‘ — is tooling up for a second run, expanding on its unusual, hybrid format.The twelve-week networked course, offered each spring under the auspices of Harvard Law School, the HarvardX  initiative, and the Berkman Center for Internet and Society, explores the current law of copyright and the ongoing debates concerning how that law should be reformed. Through a combination of pre-recorded lectures, weekly seminars, live webcasts, and online discussions, participants in the course examine and assess the ways in which law seeks to stimulate and regulate creative expression.This year, in addition to the real-world classes attended by 100 Harvard Law students and online sections for 500 students — taking the M out of MOOC — the course is adding more ‘satellites’ and integrating them more with the other two course communities.Admission to the online sector of CopyrightX is free and is open to anyone at least 13 years of age, but enrollment is limited. Applications for admission will be accepted starting December 13, 2013.  For details concerning the application and admission processes, see CopyrightX:Admission.The lectures, reading materials, maps, and recordings that have been developed for CopyrightX are also available for use by teachers and students in other settings. All of these materials are licensed under a Creative Commons License, the terms of which are available here. Read Full Storylast_img read more

Panama: Officials seize about eight tons of cocaine

first_imgBy Dialogo September 29, 2010 The government knows who the traffickers are, they just act dumb. In order to change this the legislative as well as the judicial authorities have to change their way of thinking. Brazil: Police confiscate 200 kilograms of marijuana BOGOTÁ, Colombia – The Colombian military arrested three and seized 136 kilograms (299 pounds) of cocaine on a boat in the Caribbean Sea, officials said. The narcotic was hidden underneath benches on the ship “La Gracia de Dios II,” which was intercepted 40 miles offshore from the city of Cartagena during a joint operation by the navy, air force and the counter-narcotics police. The cocaine had a street value of US$3.5 million, officials said, according to the Colombian news website El Colombiano.com. GUATEMALA CITY, Guatemala – An enterprise that allegedly smuggled narcotics and cash among Guatemala, Nicaragua and Panama through the collaboration of attorneys, police officers and public officials has been dismantled, Guatemalan officials said. “So far we have captured 32 people out of a total of 45 who have been identified as members of this group,” a spokesperson for the Guatemalan Attorney General’s Office said during a media conference, according to EFE. The 13 being sought are prosecutors or police officers, the spokesperson added. The suspects are facing drug trafficking, money laundering, criminal conspiracy, murder and obstruction of justice charges, officials said. José Alejandro Véliz Domínguez, the suspected leader of the syndicate, allegedly paid US$400 to those who smuggled cash to Panama where it would be laundered in the country’s banks, investigators said. The smugglers then allegedly went to Nicaragua, where they would pick up shipments of narcotics bound for Guatemala. The criminal organization was dismantled after an eight-month investigation that included wiretaps, surveillance, scrutiny of bank documents and the searching of 70 residences, according to Guatemala’s Attorney General’s Office. PANAMA CITY, Panama – Authorities seized about eight tons of cocaine during a 24-hour period. The National Aeronaval Service (Senan) found about five tons of the narcotic near the Belén River a day after discovering three tons of cocaine hidden along the Caribbean coast, a Senan spokesman said. “[The] 4,926 packets of cocaine were seized at the mouth of the Belén River [near the port city of] Colón, but there are no detainees,” Vladimir Rodríguez said, according to EFE. The confiscations, which were made based on a tip by the Colombian military that spotted a suspicious vessel, mark the biggest narcotics seizures in the country’s history and raised the amount of narcotics seized nationally this year to 80 tons. “Senan alone has seized 19 tons of drugs with the last quarter of 2010 still to come, and has already exceeded the 17 tons confiscated last year,” Rodríguez said, according to EFE. The cocaine was taken to the Vasco Núñez de Balboa aeronaval base. Colombian authorities seize 136 kilograms of cocaine center_img BRASÍLIA, Brazil – Federal Police seized 520 kilograms (1,146 pounds) of marijuana found hidden in a vehicle during a traffic stop in the state of Mato Grosso do Sul. Police arrested the 23-year-old driver of the vehicle who said he was paid by a Paraguayan trafficker to deliver the load to the state capital of Campo Grande. BRASÍLIA, Brazil – Police arrested two and seized 200 kilograms (441 pounds) of marijuana from a parked vehicle in the city of Alexânia in the state of Goiás, marking the second-largest confiscation of the crop this year. Wanderley Camargo Arinos de Oliveira, 21, and Heber Henrique Rebolho Custódio, 22, were arrested and are facing five to 15 years in prison if they are convicted of interstate narcotics trafficking. The men are suspected of transporting the drug to the Federal District, according to officials with the counter-narcotics police (CORD). “Last week we burned 1,800 kg (3,968 pounds) of drugs, which included 1,200 kg (2,645 pounds) of marijuana,”said João Emílio de Oliveira, CORD’s coordinator, according to the Brazilian website Correiobraziliense.com.br. Brazil: Police seize 520 kilograms of marijuana in Mato Grosso do Sul Guatemalan officials dismantle suspected drug ringlast_img read more

Farewell, Uber Cup heroine: Shuttler Tati Sumirah dies at 68

first_imgTati Sumirah, the prominent shuttler who helped the Indonesian team bring home its first Uber Cup trophy in 1975, passed away on Thursday evening at 10:30 p.m. She was 68.Tati had been receiving intensive care for the past nine days at Persahabatan Central General Hospital in Rawamangun, East Jakarta. Her family said she was being treated for high blood sugar and lung disease.The retired shuttler was admitted to the hospital on Feb. 4 in critical condition and had not regained consciousness until her death on Thursday, said her nephew, Reza Aditya Pratama, who had stayed by her side since his aunt was admitted.  Reza said her funeral would be held on Friday at Kemiri Utan Kayu Public Cemetery in Rawamangun.“We are extremely devastated by Tati Sumirah’s passing. She was not only a hero of the Tangkas Club, but also of Indonesia’s badminton history. Thanks to her dedication, Indonesia won its first Uber Cup in 1975,” said Juniarto, the deputy chairman of the Jakarta PB Tangkas badminton club.Juniarto remembers Tati as a hard-working, persistent athlete. She practiced every day and her father, Sugrisno, was always there with her.Tati was born on Feb. 9, 1952 in Jakarta, and was passionate about badminton from an early age.She won silver in women’s singles at the 1974 World Invitational Tournament in front of the home crowd in Jakarta, and a women’s singles bronze at the 1980 IBF World Championships, also in Jakarta.But the highlight of Tati’s career came when she helped the Indonesian team claim the Uber Cup in 1975, becoming the first women’s singles player to score the winning point for Indonesia.“Her fighting spirit, selfless dedication and her efforts to support the glory of Indonesian badminton has [made her] a role model and inspiration for Indonesian badminton players,” said Juniarto.Topics :last_img read more

Impact investing ‘same game’ as other investments – PGGM

first_imgImpact investments should not be viewed as a separate asset class but rather as an approach, and therefore not incur higher than usual management fees, pension investors PGGM and KLP have argued.Speaking at the Global Impact Investing Network Investor Forum in London, PGGM corporate strategy and innovations manager Wouter Koelewijn repeatedly argued that the strategy – housed by the Dutch pension manager within its targeted environmental, social and governance (ESG) portfolio – should not be viewed as separate from other asset classes.Asked about the level of fees he would expect to pay for impact investments, Koelewijn told attendees: “The only difference for a targeted ESG investment is that I want to know what is your impact strategy and how are you going to reach those goals. What problems are you solving?”His view was shared by Heidi Finskas, adviser for responsible investments at KLP, which manages the pensions of local government employees in Norway. KLP has so far only committed $25m (€18.5m) to a micro-finance project, as well as committed to a NOK1bn (€123m) renewable energy joint venture with government-backed development vehicle Norfund.Finskas was adamant impact investing should be viewed as part of a regular investment, attracting the same fees.“The one reason we teamed up with Norfund instead of picking from fund managers is exactly the asset management fees – they were too high for us,” she said.Explaining KLP’s decision to focus on renewable energy, she said: “We saw that developing countries, they are in great need of energy.“Coal, for instance, is a very cheap option, but we would like to contribute that there are cleaner options available.”She also noted that all investments had a societal benefit, as capital was invested in regions otherwise lacking such funding, stimulating the labour market.PGGM’s Koelewijn added that impact investing should always be seen as part of the “same game” as other investments, but that the impact should always be monitored.He said to qualify as an impact or ESG-friendly investment, one had to set “clear” goals.“Since we have diversified and have a large portfolio, we take a broad approach,” he said, noting that PGGM had committed €500m each year to invest in targeted ESG projects.last_img read more

Diver Seriously Injured in Possible Shark Attack Near Key Biscayne

first_imgBenitez says, “Always swim in a group. Sharks most often attack lone individuals. Try not to swim far from shore. Doing so will make it very difficult to get assistance in case of an emergency.”In addition, she suggests that people avoid swimming at night, when sharks are typically most active, and to avoid entering the water if bleeding. According to Benitez, “Sharks can quickly trace it back to its source.” An unidentified Florida diver was seriously injured on Saturday morning, when a shark bit him near Bill Baggs Cape Florida State Park in Key Biscayne.Miami-Dade Fire Rescue Spokeswoman Erika Benitez says the injured diver was brought back to shore by good samaritans. He was then taken to Jackson Memorial Hospital’s Ryder Trauma Center.last_img