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Take Your Investments to the Next Level

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Are you ready to take your investments to the next level?

Legacy Invest is here to help you achieve your financial goals with our comprehensive range of property services. From finding the perfect investment property to managing it effectively, we are your trusted partner every step of the way. Say goodbye to the hassle of searching for opportunities and let us guide you towards success in the world of real estate. Trust Legacy Invest for all your property needs and watch your investments grow.

55 Williams Blvd, St. Louis, MO 63135

Property Details

Price: $139,900.00

Monthly Rent: $1350.00

Taxes: $1109.00

Bedrooms: 3

Bathrooms: 1

Square Footage: 1144

Our Range of Services

– Property Management

– Insurance Solutions

– Sales Assistance

– Renovation Projects

Incentives

Don’t miss out on this incredible opportunity! If you take action and put a property under contract within the next 48 hours, you will be eligible to receive a range of enticing incentives:

– Enjoy a generous 2% Seller Credit towards your purchase.

– Benefit from a comprehensive 90 Day maintenance warranty for added peace of mind.

– Receive a complimentary 1 Year Mechanical Warranty to safeguard your investment.

Act now to secure these exclusive incentives and make your property purchase even more rewarding!

Have questions? Either respond to this email or contact Legacy Invest Realty at [email protected] or Click Here to schedule a meeting

Network and Gain Insight Here…

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Realty411’s Real Estate Investor Conference – The Latest REI News

Dear Real Estate Investors,

Realty411’s new in-person Investor Summit in Southern California is now scheduled in Southern California. Our special one-day conference on Saturday, August 3rd, 2024 will host incredible educators from around the country.

Don’t miss our top experts who are ready to share their valuable insight with you — ALL DAY! Be sure to register for this important and insightful real estate conference created just for you.

Valuable Insight to Be Shared:

  • Multifamily Investing
  • Finding Seller Financing
  • Commercial Investing
  • Land banking
  • Industrial real estate
  • Infinite banking
  • Asset protection
  • Real estate development
  • Single-family rentals
  • Leads for Top brokers/agents
  • Rehabbing houses for profit
  • Finance and private lending
  • Lead generation for agents/brokers
  • Out of state investing
  • Plus, so much more!

Let’s unite to network and learn in Southern California. Connect and get informed by top real-estate investment educators from around the country.

Be sure to RSVP today and save your seat.

For those who cannot travel to this event, we are hosting a VIRTUAL one-day conference later this month. Learn more information about this exciting online event below.

You’re Invited to Our NEW Virtual
Investing Summit – Learn Live!

Attention active or soon-to-be real estate investors, you’re invited to a Realty411 Virtual Investing Summit, which unites investors, real estate leaders, and our guests for an amazing day of information and motivation.

Register for Our NEW Virtual Investing Summit on Saturday, June 22nd, from 9 AM to 3 PM PT (Noon to 6 PM ET)

Guests can join us virtually to learn LIVE from top REI experts who’ll share their important knowledge, strategies, and insight. Realty411 is uniting industry leaders to help our guests make the best educated investment decisions they can.

RSVP for this awesome online event today, a ZOOM link will be emailed to you before the event. Additional details will also be sent out.

LIVE & INTERACTIVE, CLICK BELOW

Since 2007, Realty411.com has assisted top companies expand their visibility and grow their business. Contact us for a complimentary marketing session. Investors, do you have questions about real estate investing? Are you looking for a turnkey rental? Need a solid REI referral?Book a meeting with a Realty411 team member: CLICK HERE.

Considerations When Selling on an Installment Contract

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By Mr. Land Trust, RANDY HUGHES

One of the many ways to make money in the real estate business is to buy low and sell higher on an installment contract.

The traditional method of contract selling is known as “Contract for Deed.” It is a risky way of selling property when the buyer does not have cash or conventional financing. The risk involves the buyer defaulting on the contract.

Where’s the Risk?

By law, even though they have defaulted, the buyer still has an “equitable interest” in YOUR property. That interest must be foreclosed upon.

Foreclosure is a time-consuming and expensive legal process that can take months to accomplish while the contract seller makes payments on her underlying loan with no income to offset her payments. This is the WORST part of real estate investing.

One of the many benefits of using a Land Trust to hold title to investment real estate is the ability to sell the Beneficial Interest (which is personal property and not real property in most states) on an installment contract with the capability to “repossess” the Beneficial Interest when default occurs instead of having to “foreclose” the interest. Repossession takes about 30 days, foreclosure can up to a year.

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A Guiding Example

Regardless of which method you use to “sell on a contract,” selling the real property or the Beneficial Interest, you should check your State’s law regarding Contract Sales. For example, in Illinois, there is the Installment Sales Contract Act. It represents an excellent example of why I am always recommending that you seek competent legal counsel. There are certain disclosures required under the Illinois Installment Sales Contract Act.

The Act states that it means a “. . . legal device whereby a seller agrees to sell and the buyer agrees to buy a residential real estate.” Wait!, you say. Didn’t you just write that the Beneficial Interest is personal property? You are correct. I did. It is in most states and that is why I like to set my trusts up in states that consider the Beneficial Interest of a Land Trust personal property. And as documented in the DePaul University Law Review, volume 18, issue 2, article 37, page 878, it is.

Since the Beneficial Interest is not real estate, does the Act apply? The attorney in Illinois with whom I consulted encouraged me to comply with the Act anyway in case a judge rules that the Act does apply. When you go in front of a judge, anything can happen . . . no matter what the law in your State says. Judges “make law” every day in their courtrooms and if you don’t like it, you can appeal.

This Could Be a Good Thing

Even if you view the attorney I consulted as being overly cautious, you might consider fulfilling the requirements under that law. They could make your contract even more defensible if it should be challenged.

Here are highlights of those requirements:

  1. The contract must be in writing;
  2. The Seller must give the Buyer a copy of the contract at least 3-days before closing.
  3. The contract must contain many disclosures, including, but not limited to the following:
  • Purchase price
  • Down payment
  • Interest rate
  • Payment due date
  • Balloon payment due date (if any)
  • Amortization Schedule
  • Statement of who is responsible for repairs.
  • Who pays real estate tax bills
  • Who pays for property insurance
  • A list of building code violations
  • Amount of any unpaid real estate property taxes
  • If there are any liens against the property
  • If the property has been condemned
  • The Seller must record the contract or a memorandum of the contract at the Recorder of Deeds Office in the county where the property is located
  • The Seller must provide the Buyer with an account statement upon request
  • No pre-payment penalties can be charged for payments not due yet
  • If you default, you have the right to pay all fees and charges currently due under the contract to cure the default in 90 days.

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I encourage you to learn more by going to my FREE online training at www.landtrustwebinar.com/411 and text the word “reasons” to 206-203-2005 for my free booklet, Reasons to Use a Land Trust. You can also reach me the old-fashioned way by calling me at 217-355-1281. (I actually answer my own phone, unlike most other businesses in America today!)

Learn live and in real-time with Realty411. Be sure to register for our next virtual and in-person events. For all the details, please visit Realty411Expo.com or our Eventbrite landing page, CLICK HERE.

Asset-Based Loans — Fast Funding

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Please review this sponsored post, thank you.

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Realty411.com has assisted companies of all sizes expand their visibility and grow their business since 2007. Contact us for a complimentary marketing session: CLICK HERE.

Navigating the New Norm: Multifamily Housing Trends of 2024

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By Dr. Chander Mishra

As we progress through 2024, the multifamily real estate sector continues to experience significant transformations, shaping a landscape brimming with both challenges and opportunities.

This detailed analysis delves into the seven pivotal trends that are not only redefining the multifamily market in the current year but are also expected to influence the sector well beyond 2024. Providing a comprehensive guide, this overview caters to investors and industry professionals aiming to navigate these evolving dynamics effectively.

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1. Historic Surge in Multifamily Construction

The year 2024 stands out for its record-breaking pace in multifamily construction, with the completion rates of new units reaching unprecedented levels. This boom is the result of a robust pipeline of projects initiated over the past few years. However, a recent deceleration in new construction starts—prompted by economic shifts, including interest rate adjustments—hints at a potential contraction in the pipeline by 2025. Currently, the market faces heightened competition as a flood of new properties enters the scene.

2. Rental Market Stabilization and Growth

Following a period marked by extreme volatility, the multifamily rental market is poised for stabilization. Predictions indicate a gradual increase in rental rates, fueled by a stable employment landscape, sustained housing demand, and ongoing economic uncertainties. The expected rent growth, while modest, suggests a market moving towards equilibrium, balancing out the rapid fluctuations experienced previously.

3. The Shift Towards Long-term Rentals

A significant trend reshaping the multifamily market is the growing preference for long-term rentals over homeownership. This shift is largely driven by the prohibitive mortgage rates and general unaffordability in the home-buying sector, which has broadened the demographic profile of renters to include those who might traditionally opt to buy. This demographic evolution offers real estate operators a chance to cater to a burgeoning market segment with specialized services and amenities aimed at long-term renters.

4. Impact of Hybrid Work Models

The adoption of hybrid work arrangements is significantly influencing multifamily housing preferences. As more people engage in remote or hybrid work, there’s an elevated demand for living spaces that accommodate home offices. Additionally, there’s a noticeable shift in preference towards multifamily locations further from conventional business districts. This shift provides an opportunity for real estate developers to innovate in property design and amenities, addressing the needs of a workforce that values flexibility and convenience.

5. Advancements in Property Search Technologies

The role of advanced technologies, particularly AI, in enhancing multifamily property searches is expected to expand in 2024. Building on the technological advancements of recent years, AI will increasingly influence how potential renters and buyers explore the property market, offering AI-powered search tools, virtual tours, and personalized recommendations. These technological advancements promise to make the property search process more efficient and tailored to individual preferences.

6. Emphasis on Environmental Sustainability

Environmental sustainability is becoming a critical factor in the multifamily real estate market. A growing segment of consumers is expressing a preference for eco-friendly housing options, including energy-efficient buildings, sustainable construction practices, and features that minimize the carbon footprint of residences. Real estate developers prioritizing sustainability are likely to appeal to environmentally conscious renters, aligning with broader societal shifts towards green living.

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7. Demographic Shifts Influencing Housing

Changes in demographics, such as the aging of certain populations and the emergence of millennial and Gen Z as significant groups of homebuyers and renters, are dictating evolving housing needs and preferences. These demographic trends necessitate a variety of housing solutions, from multi-generational living arrangements to affordable options for younger adults and accessible features for older residents.

Conclusion

The multifamily real estate market in 2024 is characterized by rapid evolution and diverse opportunities. For investors and industry stakeholders, staying informed about these trends is essential for navigating the complexities of the market and leveraging the potential it offers. As the sector continues to adapt and grow, the coming year promises to be a pivotal one for multifamily real estate, driven by innovation, consumer preferences, and economic factors.

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If you are interested in exploring the world of multifamily real estate investing and discovering how you can secure your financial future, we invite you to visit our website and schedule a call with us. Take the first step towards a brighter and more prosperous tomorrow with BlueOcean.

The Broadleaf mixed-use residential development opening at Fitzsimons Village

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Located across Colfax from the Anschutz Medical Campus, the new development will include 370 residential apartments and ground-floor retail anchored by Queen City Collective Coffee

Aurora, CO (June 2024) – The development team of Uplands Real Estate Partners, The Max Collaborative, and Wynne Yasmer Real Estate (the same group behind the development of One River North) is pleased to announce the opening of The Broadleaf, a mixed-use residential development located within Fitzsimons Village, across from the Anschutz Medical Campus. The development includes 370 apartments and more than 9,000 square feet of ground-floor retail space lining the boulevard within the master-planned Village. Queen City Collective Coffee has signed on to operate a café space integrated within the residential lobby. Davis Partnership Architects is the architect for the project and JE Dunn is the general contractor. Kairoi Residential has been chosen to be the property manager.

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The Broadleaf marks the second project opening this year for the development team in the greater Denver market. The partnership recently opened the iconic One River North project, a residential high rise in Denver’s River North Arts District (RiNo), which has garnered national attention for its unique architecture with a “canyon” traveling through its facade. Uplands Real Estate Partners and The Max Collaborative were both founded by members of the Ratner family, the founding family of Forest City Realty Trust, which led the transformative redevelopment of Denver’s old Stapleton International Airport. Wynne Yasmer Real Estate is a Denver-based developer whose principals, Brian Wynne and K.C. Yasmer, are both former Forest City executives.

“We’re thrilled to bring a boutique residential building with top-of-market amenities to the professionals who work and study at the Anschutz Medical Campus,” said Josh Hoffman, a principal with Uplands. “The medical campus is home to approximately 25,000 employees and more than 4,000 students, with a total of 55,000 people expected to be working or studying at the campus at full buildout. The Broadleaf will provide residents with a level of quality, design, and amenities not yet offered in proximity to the campus.”

The Broadleaf is located four blocks from the Colfax Light Rail Station, providing future residents with direct access to downtown Denver, Denver International Airport, and the southeast business corridor. The development features a robust amenity package including the only rooftop pool in the area with dramatic views of the mountain range, a state-of-the-art indoor / outdoor fitness center, coworking spaces, a pet spa, bike storage with workshop, a boutique coffee shop, and secure garage parking. A half-acre outdoor courtyard will provide an urban oasis with grills, picnic tables, lounge seating, lush landscaping, and outdoor lawns for yoga and exercise.

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At seven stories, The Broadleaf is the tallest residential building in the submarket. It is the only residential building in the submarket constructed from light-gauge steel, providing superior acoustics and less sound between residences. The meticulously designed residences feature best-in-class finishes and offer one-, two- and three-bedroom apartments ranging in size from 500 square feet to 1,600 square feet.

Media Contact: Paul Suter, Suter Media Relations

720-771-9093 or [email protected]