Rivah City Ventures

Neighborhoods to Explore Downtown Downtown Richmond's Neighborhoods

https://richmondbizsense.com/2024/07/30/new-diamond-district-filings-signal-wind-up-for-stadium-construction/

New Diamond District filings signal wind-up for stadium construction - Richmond BizSense The latest filings were made by Gilbane Building Co., which has taken over as the general contractor for the stadium from previous GC Whiting-Turner.

https://richmondbizsense.com/2024/07/31/capital-squares-dairy-bar-redevelopment-plan-gets-council-go-ahead/

Capital Square's Dairy Bar redevelopment plan gets council go-ahead - Richmond BizSense The 320-unit project would rise on the site of the former Dairy Bar and Tang & Biscuit buildings. About a third of the units are planned to be "hotel apartments," which would be furnished and available for shorter stays.

https://www.aol.com/finance/stop-targeting-middle-class-illinois-103200343.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAFcQT9-t7g1dM1VYlD-2tuww6R40M7HWy2GTz725t5CEzIZ-XSCg8-GGfFIa0X-OWSsm-WQrd3CLzloX6kc_gUPkhiTXzyBV2ZqrFX2BW15u7CnTgaW73C_hnpdbeY45QRehECqzEyX2x_31janm1N3W4IGAQpVhO7IYMl5PMrbI&guccounter=2 #:~:text=37667.41-,'Stop%20targeting%20the%20middle%20class'%3A%20Illinois%20county%20homeowners%20slapped,see%20amount%20they%20owe%20slashed&text=Cook%20County%2C%20Illinois%20isn't,headlines%20for%20its%20property%20taxes

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https://www.aol.com/finance/stop-targeting-middle-class-illinois-103200343.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAFcQT9-t7g1dM1VYlD-2tuww6R40M7HWy2GTz725t5CEzIZ-XSCg8-GGfFIa0X-OWSsm-WQrd3CLzloX6kc_gUPkhiTXzyBV2ZqrFX2BW15u7CnTgaW73C_hnpdbeY45QRehECqzEyX2x_31janm1N3W4IGAQpVhO7IYMl5PMrbI&guccounter=2 #:~:text=37667.41-,'Stop%20targeting%20the%20middle%20class'%3A%20Illinois%20county%20homeowners%20slapped,see%20amount%20they%20owe%20slashed&text=Cook%20County%2C%20Illinois%20isn't,headlines%20for%20its%20property%20taxes

‘Stop targeting the middle class’: Illinois county homeowners slapped with property tax bills over $10,000 as local Walmart, Home Depot see amount they owe slashed The retail giants have been accused of not paying their fair share.

https://nypost.com/2024/07/15/real-estate/analyst-warns-of-a-housing-market-crisis-in-the-south/

‘Massive’ housing bubble about to burst in this US region, warns a real estate expert — see where A COVID-related rush to buy homes in this lower-tax region of the nation has since dwindled — and now there’s an all-time high number of homes for sale.

Court Allows Partition Sale of Longtime Bed Stuy Family Home The case is one of many in Brooklyn of investors taking shares in properties though heirs transfers and then forcing partition sales.

ChatGPT

What is a reverse mortgage?
A reverse mortgage is a type of loan available to homeowners aged 62 or older, allowing them to convert part of the equity in their home into cash. Unlike a traditional mortgage, there are no monthly mortgage payments. Instead, the loan is repaid when the homeowner sells the home, moves out permanently, or passes away. The borrower remains responsible for property taxes, insurance, and maintenance. This financial tool can help seniors access funds for retirement while staying in their homes.

Here are the pros and cons of a reverse mortgage:

Pros:
Supplemental Income: Provides additional cash flow for retirees.

No Monthly Payments: The loan does not require monthly mortgage payments.

Stay in Your Home: Allows homeowners to stay in their home while accessing its equity.

Non-Recourse Loan: The borrower or heirs will not owe more than the home’s value when the loan is repaid.

Cons:
Reduced Home Equity: The loan balance increases over time, reducing home equity.

Costs and Fees: Can include high upfront costs, ongoing interest, and fees.

Impact on Heirs: Heirs may receive less inheritance as the loan must be repaid from the home's value.

Responsibilities: Homeowners must continue to pay property taxes, insurance, and maintenance.

Considerations:
It's important to consult with a financial advisor to determine if a reverse mortgage fits your financial situation and long-term goals.

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https://www.planning.org/planning/2024/apr/yes-you-can-convert-vacant-retail-to-housing/

Yes, You Can Convert Vacant Retail to Housing Rethinking ground-floor regulations to include residential uses is a controversial but doable solution to housing underproduction and a glut of empty storefronts.

https://www.cnn.com/2024/06/21/economy/us-homes-prices-record-high/index.html

US home prices just hit a record high. Americans are still buying | CNN Business Homes in America are the most expensive they’ve ever been, according to one measure.

$6M land deal tees up 100 condos at Broad and Gayton The residential portion of a new development in Short Pump is getting lined up following a multimillion-dollar land deal.

https://richmondbizsense.com/2024/05/30/office-park-site-near-virginia-center-commons-planned-for-279-unit-apartment-building/

Office park site near Virginia Center Commons planned for hundreds of apartments - Richmond BizSense The five-story, 279-unit building is set to rise along Telegraph Road southeast of the transforming Virginia Center Commons site.

Investing in Property Tax Liens Discover how investing in property tax liens can be a rewarding opportunity for investors who are familiar with the real estate market.

adverse possession Adverse possession is a doctrine under which a person in possession of land owned by someone else may acquire valid title to it, so long as certain requirements are met, and the adverse possessor is in possession for a sufficient period of time, as defined by a statute of limitations. The common law...

Virginia Adverse Possession Laws - FindLaw Chart providing details of Virginia Adverse Possession Laws

Are Big Companies Really Buying Up Single-family Homes? - Today's Homeowner It has been challenging for first-time homebuyers to find affordable housing in recent years. Many have placed the blame on the shoulders of big business, and in this article, we investigate that claim.

https://richmondbizsense.com/2024/05/13/two-separate-proposals-to-bring-a-combined-500-apartments-to-south-richmond/

Two separate proposals to bring a combined 500 apartments to South Richmond - Richmond BizSense Dallas-based Trammell Crow Residential and Tennessee-based Elmington is planning roughly the same number of units at two sites near Semmes and Cowardin avenues.