Tag: estate

How Real Estate Investor in Chicago Scaled up and Built Wealth

February 5, 2023 admin

Dominic Kosteris worked two jobs and lived with his parents before buying his first home in 1996.
In 1997, he acquired his first investment property and started earning rental income.
He scaled up in the aftermath of the 2008 housing crash and bought aggressively during the pandemic.

Dominic Kosteris has been working for most of his life.

“I was delivering newspapers when I was in eighth grade,” the 54-year-old high school history teacher told Insider.

His paper route was in Chicago, where he’s lived since he was a toddler.

Kosteris’ parents emigrated from England to the States when he was

Real Estate

Russian oligarchs invest in US commercial real estate, bypassing sanctions as feds warn banks

February 3, 2023 admin

The Washington Examiner’s Byron York weighs in on the Biden classified documents controversy and Texas banning real estate purchases by citizens from specific countries on “The Evening Edit.”

Wealthy Russian oligarchs are likely investing in U.S. commercial real estate and trying to sidestep sanctions imposed after the invasion of Ukraine last year, according to a warning sent to banks by the Treasury Department’s financial crimes and intelligence unit.

The Financial Crimes Enforcement Network (FinCEN) told banks to be on the lookout for suspicious commercial real estate (CRE) transactions that may be carried out by sanctioned Russian elites, oligarchs, their family

Real Estate

What are seller’s obligations in real estate transaction?

February 2, 2023 admin

People often ask me about sellers’ rights, but it’s important to remember that sellers have obligations, too. What I mean by this is that whenever someone has rights, they also have obligations.

Brokerages and agents have certain legal obligations that they owe to their clients and others they deal with in a trade. The legal obligations play a vital role in ensuring that real estate transactions are as seamless as possible, and designed to support buyers and sellers to make informed decisions.

The Real Estate Council of Ontario (RECO) administers a Code of Ethics. One obligation, for example, prohibits agents

Real Estate

Saskatoon Real Estate: 6 most expensive house listings

January 31, 2023 admin

Housing sales have been dropping in Saskatoon. However, sales are still higher than the 10-year-trend according to the Saskatchewan Realtors Association (SRA). For those searching for something a little above average, the Saskatoon market still has some of the top luxury homes to offer.

Here are six of the most expensive homes in the region.

(Realtor.ca)

A four-bedroom, six-bathroom home in the Nutana neighbourhood. The property has direct access to the South Saskatchewan River and offers captivating views. Over four-thousand square feet spread over three levels, including a developed basement. It also has an in-ground pool, courtyard and a

Real Estate

ChatGPT Is Already Affecting How Real Estate Business Is Done

January 25, 2023 admin

ChatGPT, an artificial intelligence system that provides answers in sentences rather than search results, has seemingly been sweeping across society at breakneck speed since it launched in November.

Now its sweep is being felt in commercial real estate.

Developed by pseudo-nonprofit OpenAI, ChatGPT has already found applications in the real estate industry as a time-saving substitute for basic informational exchanges, The Real Deal and Insider report. But its use could spread with stunning rapidity if a newly announced investment from Microsoft delivers its promised results.

The computing giant on Monday announced a multibillion-dollar investment into OpenAI for the continued evolution

Real Estate

What to expect this year in real estate in Mississauga and the GTA

January 22, 2023 admin

Published January 17, 2023 at 1:09 pm

It’s the start of a brand new year, and when it comes to a housing market as unique as the GTA’s, it takes an expert to predict what’ll happen in 2023.

One expert – Mississauga real estate mogul Sam McDadi – believes 2023 will be a much different year, and a challenging one at that.

McDadi has been a household name in real estate for 35 years. His firm, now 12 years old, has ranked first in the GTA for all 12 years (based on dollar volume

Real Estate

B.C. real estate: Home, winery for sale in Abbotsford

January 21, 2023 admin

A mansion listed for just shy of $10 million in B.C.’s Fraser Valley comes with a small vineyard, a working boutique winery, horse stables, and a riding ring.

Described as an “equestrian estate and winery,” the property at 5290 Olund Rd. in Abbotsford is listed by Sotheby’s for $9,950,000. The 6,000 square foot home was built in 1992 and has five bedrooms, five bathrooms, vaulted ceilings, and views of Mount Baker.

“The interior of the home evokes an Italian winery estate house, with a renaissance-style mural decorating the ceiling of the entryway and classic ornamental columns throughout,” the listing says.

Real Estate