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Commercial real estate faces $13.5 billion in flood damage in 2022: Report
A satellite image shows TD Bank Ballpark submerged in flood, after Hurricane Ida swept through the Bridgewater Township in New Jersey, September 2, 2021. Maxar Technologies | Handout via Reuters The commercial real estate industry faces an intensifying threat from flooding, which is likely to lead to billions of dollars in increasing costs, a new study says. Approximately 730,000 retail, office and multi-unit residential properties face an annualized risk of flood damage in the United States. The structural damage from flooding is projected to cost $13.5 billion in 2022, increasing to over $16.9 billion by 2052, according to the First Street Foundation, a nonprofit research and technology group, and global…
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Boutique Real Estate Brokerage The Agency Aims for International Growth
Vice Chairman Billy Rose, Chief Executive Mauricio Umansky and President Rainy Hake Austin. What started as a small residential real estate brokerage based in Beverly Hills has grown to more than 800 agents and 50 markets with plans to expand further. In the 10 years since luxury boutique brokerage The Agency was founded by real estate veterans Mauricio Umansky and Billy Rose, the company has been on a rapid growth trajectory, but Rose and Umansky said it has stayed true to its roots as a boutique brokerage focused on culture and giving its agents and clients a different experience from other brokerages. “I felt that the industry was very archaic and…
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‘TikTok changed my life.’ Real estate agents find huge success on the app
Last year, a Zillow survey showed that 36{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of buyers would even purchase a property sight unseen. But despite all the desperate buyers willing to skip the in-person showing, most people still expect to actually see a home first. During the height of the pandemic, real estate agents across the country discovered that social media platform TikTok was an ideal way to safely show prospective buyers homes. Now, some are saying the video app has revolutionized the way they sell real estate — and it is here to stay. Madison Sutton is a 25-year-old agent in New York City. She specializes in off-market deals and what she calls “hidden-treasure apartments.”…
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Brad Pitt has a massive real estate portfolio, are any in Missouri?
ST. LOUIS – Missouri native Brad Pitt has landed on a list of 10 actors with massive real estate portfolios. He and ex-Angelina Jolie have owned homes in several cities across the globe but does he have any in the Show-Me-State? Stacker.com reports that some actors have prime real estate across the world but for some actors, real estate is about more than an enviable estate or mega-mansion, it is an investment that marries their love for home and their entrepreneurial spirit. These actors have taken their passion for prime properties and turned it into a serious side hustle. UpNest.com put together a list using various news, entertainment, and real…
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Rental Real Estate Taxes
2022 Tax Brackets 2022 Tax Rate Single Filers Married Filing Jointly Heads of Households 10{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} $0 to $10,275 $0 to $20,550 $0 to $14,650 12{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} $10,275 to $41,775 $20,550 to $83,550 $14,650 to $55,900 22{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} $41,775 to $89,075 $83,550 to $178,150 $55,900 to $89,050 24{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} $89,075 to $170,050 $178,150 to $340,100 $89,050 to $170,050 32{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} $170,050 to $215,950 $340,100 to $431,900 $170,050 to $215,950 35{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} $215,950 to $539,900 $431,900 to $647,850 $215,950 to $539,900 37{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} Over $539,900 Over $647,850 Over $539,900 As an example, if you have $10,000 in rental income and you’re in the 22{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} tax bracket, you will owe $2,200 in taxes on that rental income. How to…
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Greenville area real estate happenings for the week of Dec. 10, 2021 | Greenville Real Estate Special Coverage
2021 Legislative Breakfast What: The annual legislative breakfast hosted by the Greenville Chamber, featuring an introduction and overview of the legislative agenda for 2022. Program to feature former Congressmen Bob Inglis of South Carolina and Heath Shuler of North Carolina in a discussion about a business leader’s role in political debate. When: Dec. 10, 7:30-9:30 a.m. Where: The Westin Poinsett, 120 South Main St., Greenville Price: $45 for Chamber investors, $65 general admission More info: greenvillechamber.org My First Home What: Event teaching participants about credit, financial management, down payment assistance, home ownership programs and other areas. Lunch is included. Hosted by TRC Housing and Financial Empowerment and Upstate Circle of…
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