Freedom First REIA, Ltd.

At the next FFREIA Monthly Meeting on July 9th from 7 pm- 8:30 pm, you won't want to miss hearing from these professionals! 


 Brian Aguirre, a Home Depot Pro National Accounts Manager, will guide FFREIA members through Home Depot Pro offerings. Home Depot Pro provides FFREIA members with valuable resources through several products and services.
                   


Rob Fishbein is a founder of JM Real Estate Capital and expert in investor and commercial financing. Learn not only about their products and services, but gain insight from a lender's perspective. Rob comes from a background in stock & bonds on Wall Street and has been in the mortgage business since 2002. 

See you there! 
https://www.ffreia.com/Events.aspx?ID=Main-Monthly-Meeting-120-7-9-2020

If you’ve tried to buy a house during this time, you may be surprised at how quickly viable homes are being snatched up. Despite the pandemic, housing demand continues to rise. Some experts indicate it is 25% above pre-pandemic levels.

Homes are selling at higher prices in part due to new listings being down by an average of approximately 27.1% from a year ago, as Zillow reported. The following chart shows the decreased percentage of listings for key cities in each state. With more buyers than sellers, this low inventory has obviously maintained an optimal seller’s market.

While the quantity of stock is lower than last year, there are different predictions for how the second half of 2020 will pan out as well as the beginning of 2021. For buyers, there may still be heavy competition for a home, but the upside is the low mortgage rates that are likely to remain. For sellers, the low stock should continue to create low competition, setting the homeowner up for a higher likelihood of finding the right buyer. Throughout this selling season, and in the foreseeable future, people are adapting to key methods like 3D home tours, video vignettes and better photography. Taking advantage of those tools can help make the process successful. Read More...

With the amount of information going around, make sure you are up-to-date with the right information. For landlords specifically, that means staying current with laws and regulations.

Join expert, Jaime Cain, Esq. as she has a round table discussion in her video (Episode 60) regarding the statutes for landlord and tenant practices in NY. As we saw in 2019 with the Housing Stability and Tenant Protection Act, certain dynamics around long-term real estate investing have changed. She'll guide you through each RPL and RPAPL section with her deep insight and expertise in real estate law.

Along with going through those regulations, she'll take you through what to watch out for in light of COVID-19 and the court reopening process. https://boylancode.com/RERT/

UPCOMING EVENTS:
June 18- Alternative Real Estate Investing Strategies (AREIS) at 7 PM
June 25- Landlord Support Group at 7 PM
July 2-Alternative Real Estate Investing Strategies (AREIS) at 9 AM
July 9-Landlord Support Group at 8:30 AM
July 9- Main Monthly Meeting at 7 PM
July 16- Alternative Real Estate Investing Strategies (AREIS) at 7 PM
July 23- Landlord Support Group at 7 PM

Housing Providers and  Management Companies,

I'm going to lay it on the line for you. I'm not a drama queen, what effects you also effects me.  I am not asking of you anything that I am not willing to do myself. What is being said in this letter are my thoughts, if you have a problem you can take it up with me.  I have attached articles as proof of fact of what our industry is up against.  

• New York City eviction moratorium till April 2021.( You think it wont come here?)
• The goal is to take our properties and turn into affordable housing.
• Good Cause Eviction
• And of course The Tenant Protection Act
• Rent Control

In the last 10 months since The New Tenant Protection Act went into effect we have: Read More...