For this week’s newsletter, we asked Dispatch reporter Jim Weiker to share the story behind today’s cover story on problem properties in Columbus. Here’s what Jim has to share. Since December 2022, two large Columbus apartment complexes have shut down because of chronic and dangerous lack of maintenance: Latitude Five25 on the Near East Side and Colonial […]
People call it “The Pit.” It’s a massive, unsightly hole in the ground — the site of a construction project in downtown Carmel-by-the-Sea whose previous owners ran out of money six years ago, leaving behind nothing but concrete, rebar and hard feelings. In 2020, The Pit was purchased by Patrice Pastor, a billionaire real estate […]
Jun. 28—Steward Health has paused the sale of Sharon Regional Medical Center and other properties owned by the bankrupt company. Steward and its debtors said Wednesday in a joint bankruptcy court filing that the auction of its hospitals scheduled for the following day was postponed to evaluate bids. The new deadline is 5 p.m. Monday. […]
Real estate investment trusts (REITs) tend to offer higher dividend yields. Medical Properties Trust (NYSE: MPW) is certainly no exception. The healthcare REIT currently has an eye-popping dividend yield of over 12%. That’s nearly 10 times higher than the S&P 500‘s dividend yield (around 1.3%). Here’s a closer look at the healthcare REIT’s monster yield […]
Imagine handing over thousands of dollars, signing a lease for a home and moving all your belongings in — only to find out that you were scammed. Steve DuBrueler, founder and CEO of Coldwell Banker Premier, said there has been a surge in scams involving vacant properties. Now in his 36th year in the business, […]
Buying shares of a beaten-down stock that has been struggling for years is a risky proposition to consider. For contrarian investors, the allure is the potential for the stock to turn things around and deliver some mammoth returns, possibly doubling or tripling in value if things go right. But many times, it doesn’t turn out […]
Financial advisor and columnist Brandon Renfro I’m 50 and my husband is 57. We paid off all debts and have $1 million in our 401(k) and IRA. We also own $1 million in rental properties that give us a $5,000 net profit monthly. We hope to keep the rental homes for another 15 years for […]
Earn Yields Up to 9% From U.S. Government Properties With These REITs Investing in real estate investment trusts (REITs) that own and manage U.S. government properties offers a unique blend of stability and potential returns. These REITs lease space to federal agencies, ensuring a steady flow of rental income. With long-term leases and low default […]
Owner Chris Payne announced Friday he’s begun auctioning off the Topeka properties that formerly served as the site of Heartland Motorsports Park. The online-only auction runs through July 17 at Land Auction | Heartland Motorsports Park, Payne said in a news release. “A rare opportunity awaits those seeking prime real estate in the growing market […]
“How do we structure our equity so it works for us with the best return and also keeps us protected from inflation?” (Photo subjects are models.) – MarketWatch photo illustration/iStockphoto Dear MarketWatch, My wife and I are 60 and 57, respectively. We have several properties, all without mortgages. We have real-estate equity of $4 million. […]
File photo Two properties in western Stark County sold for more than $1 million, according to the latest real estate transfers filed with the Stark County Auditor’s Office. Candida Property LLC purchased a commercial property containing a Pizza Hut at 2400 Lincoln Way E in Massillon from Cot Pizza Re LLC for $1.07 million. A residential […]
Jun. 4—Muskogee County Assessor’s teams are checking houses in south and east Muskogee as part of their four-year property appraisals. Two-member teams, wearing green vests, make visual inspections to help determine each property’s fair market value, said Muskogee County Assessor Ron Dean. “We must go house by house,” Dean said. “Hopefully we’ll be done by […]