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October 2015 Archives

Nuns don't want to sell their estate to Katy Perry

Maryland residents may be interested to learn about a real estate dispute involving pop star Katy Perry. The singer is attempting to purchase an eight-acre estate from the Los Angeles Catholic Archbishop for $14.5 million. However, a group of elderly nuns who lived on the estate for four decades argue that they control the deed. After learning about anti-religious statements that Katy Perry has made, the nuns say that selling to her would violate their canonical vows.

Understanding the complexities of commercial real estate

Many people in Maryland would like to invest in commercial real estate. Some have backgrounds in investing in residential real estate and believe crossing over into the commercial market will be similar. There are a number of differences between commercial real estate and residential real estate investing that are important to understand, however.

REITs may offer diverse investment opportunities

In 1960, Congress passed legislation that created a form of specialty investment vehicle known as the real estate investment trust. REITs allow people to purchase interests in different classes of commercial property, like retail centers, apartments, industrial spaces and health care facilities. By eliminating the need to manage such properties on a day-to-day basis and lowering the cost of entry, REITs might provide passive income for Maryland investors who lack the resources to make outright purchases.

U.S. real estate projections

According to RealtyTrac, Maryland may be hosting one of the most attractive markets for real estate investors interested in flipping homes right now. During the second quarter of 2015, Central Florida, Detroit and Baltimore were the most popular destinations for home flippers in the United States. During the first quarter, Baltimore was the metropolitan area with the most home flips completed in the entire country.