How Much Home Can You Afford?

| May 25, 2016

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According to a Google Consumer survey, 50% of prospective home buyers start searching between six and 12 months in advance. Because purchasing a home is the largest lifetime financial investment for many, if not most consumers, it comes as no surprise that a wealth of research usually comes before deciding on a home.Search the neighborhood and the school district. Define which features are the highest on the family’s priority list.Recent research, however, found that many people might not have spent long enough studying how much home they could afford. Newsday reported that 1 in 3 American homeowners – a total of 19 million people – spend 30 percent or more of their income on their mortgages and other housing expenses.

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Benedict Canyon Equities

Benedict Canyon Equities (BCE) is a Multifamily Real Estate Investment Company located in Los Angeles, California. We pursue acquisition opportunities where we can unlock value through property rehabilitation, repositioning, asset management, and creative recapitalization. We focus on creating value by investing in urban-infill multifamily residential real estate, principally in Coastal California and select markets throughout the Pacific Northwest, Western U.S., and the Eastern U.S. Our market niche, between $10 million and $50 million, is out of reach for small investor and below the threshold of REITs, pension funds, and institutions. Proven Track Record of Successful Investing As of May 2016, we have acquired, rehabilitated, and asset managed 92 properties (11,817 units) throughout California and Colorado with a total value over $1.7b. Combined, our key personnel have over 100 years of relevant value creation experience and over $7 billion in acquired and performing assets. We comp

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Should Your Real Estate Client Sign An Appraisal Waiver?

Article | August 11, 2021

Real estate professionals sometimes have to answer a buyer’s questions about appraisal waivers. What are they? What do they mean? Is it a good or bad idea for the home loan applicant to sign one? If your client is applying for a home loan, signing an appraisal waiver does not mean that the home won’t be appraised. The lender will insist on an appraisal, to ensure that they’re not lending more money than they can expect to recover if they foreclose on the mortgage. An appraisal waiver is a document loan applicants sign to tell the lender that they’re waving their right to receive the appraisal report at least three days before the loan is consummated. In rare cases, a real estate professional might have to draft an appraisal waiver letter. In that case, the letter should include the name of the applicant, the address of the property, and, if applicable, the number of the loan application. It should state that the applicant knows about the right to receive the appraisal report at least three business days before the loan is consummated and that the applicant waives that right. At no time does the applicant waive the right to receive an appraisal report.

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5 Ways to Build Wealth through Real Estate Investing

Article | June 10, 2020

When people talk about real estate investing, they often only talk about whether the value of the home goes up or down. While that may be true if your only investment was in your primary residence, it completely misses many strategies for creating wealth through investment properties. The fact is, there are five different ways owning investment real estate can help create wealth for you.

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TOP TECH TRENDS TRANSFORMING THE REAL ESTATE INDUSTRY

Article | February 11, 2020

Real estate mobile apps and agent websites are becoming more and more popular as a means of searching for the right property, so those who are professionally engaged in this field and planning to expand their business should, in the first place, understand the market and look out for the latest real estate mobile app tech trends. Such awareness will allow you to make informed decisions embarking thus on the journey of lasting business promotion and development.

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3 luxury real estate development trends to watch in 2020

Article | February 24, 2020

Forget “location, location, location.” For luxury real estate today, it’s all about “lifestyle, lifestyle, lifestyle.” As a real estate agent for Coldwell Banker Residential Brokerage in Boston and a Coldwell Banker Global Luxury® Ambassador, I’ve watched affluent homebuyers become less concerned with where they live and more concerned with how they live. According to “The Report: 2020” just released by the Coldwell Banker Global Luxury® program, the majority want outdoor living, flex spaces/home offices, home automation, open-concept floor plans and new construction. I’m not surprised to see such high demand for new builds. After all, who doesn’t like new? With that in mind, here are some of 2020’s most interesting new construction trends.

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Spotlight

Benedict Canyon Equities

Benedict Canyon Equities (BCE) is a Multifamily Real Estate Investment Company located in Los Angeles, California. We pursue acquisition opportunities where we can unlock value through property rehabilitation, repositioning, asset management, and creative recapitalization. We focus on creating value by investing in urban-infill multifamily residential real estate, principally in Coastal California and select markets throughout the Pacific Northwest, Western U.S., and the Eastern U.S. Our market niche, between $10 million and $50 million, is out of reach for small investor and below the threshold of REITs, pension funds, and institutions. Proven Track Record of Successful Investing As of May 2016, we have acquired, rehabilitated, and asset managed 92 properties (11,817 units) throughout California and Colorado with a total value over $1.7b. Combined, our key personnel have over 100 years of relevant value creation experience and over $7 billion in acquired and performing assets. We comp

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