23 Jul 2019
By RESCO Realty

The Community Reinvestment Act Explained In Simple Terms

Real Estate, ,
The federal government adopted the Housing and Community Development Act in 1977, and the Community Reinvestment Act (CRA) portion was designed to prompt lending institutions to provide mortgages for low- and moderate-income Americans. The underlying reasoning for the CRA was to discourage discriminatory lending practices that inhibited low-income communities and neighborhoods. Over the years, its regulations have been revised to improve effectiveness. During the early 1990s, upwards of five changes were made and more following the 2007 financial crisis. With the country currently in the midst of an economic comeback, the Office of the Comptroller of the Currency announced that…
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19 Jul 2019
By RESCO Realty

Pros And Cons Of Installing A Pet Door

Real Estate, ,
If you've just moved into your new home and you have a pet, you may be thinking of installing a pet door. A pet door is a permanent door feature that is cut into the bottom third of an entry door. Before making a permanent alteration to your door, consider the pros and cons of installing a pet door.  Pro: Your Pet Can Come And Go As Needed A pet door could cut down on indoor pet accidents if that's a problem you've had to deal with in the past. This is especially convenient if you get home late to…
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18 Jul 2019
By RESCO Realty

The Monopoly Technique – How To Build Value By Acquiring Adjacent Properties

Real Estate, ,
Have you ever played the classic board game called Monopoly? The object of the game is to collect all the properties until one winner bankrupts all the other players. The other part of the game is that accumulating properties adjacent to each other increases the value of the individual properties. When a player acquires all the properties of the same color (two or three), then the rents go up and property development can begin. The Monopoly Game In Real Life The same basic principles sometimes work in real life. Owning a property and then buying the one next door creates…
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