Hovik.net

05/07/2020

Los Angeles Moves to Allow Some Stores to Reopen in Pandemic
Curbside Pickup Only Allowed at Lower-Risk Stores as Reopening Plans Enter Next Phase. May 7, 2020 | 12:23 P.M.
Los Angeles plans to allow stores selling flowers, books, music, toys, clothing, and sporting goods to reopen Friday if they modify their properties to allow curbside pickup, while golf courses and most park trails are expected to be allowed to reopen on Saturday.

Los Angeles County health officials on Wednesday presented a five-stage “Recovery Roadmap” that would allow the first round of reopenings to start Friday with low-risk retailers leading the way. Customers aren't allowed to enter stores, and goods must be picked up outside the store at the curb.

The plan outlines that other nonessential retailers and businesses, such as some offices and manufacturing, may be allowed to reopen in the nation’s most populous county as soon as next week.

Hours after the county's announcement, Los Angeles Mayor Eric Garcetti said the city on Friday plans to follow the county’s lead in allowing stores to open as part of the “phased return” to business and social life.

The decisions came a day after Gov. Gavin Newsom announced that California can begin moving into the second phase of business openings starting as early as Friday. Garcetti noted that local governments have the right to decide how and when to reopen under that plan and that the city of Los Angeles may not be as ambitious in reopening plans as other parts of the state where the virus is not spreading as quickly.

Golf courses and trails are scheduled to reopen on Saturday with the exception of the heavily used Runyon Canyon Park near Hollywood, which will remain closed. Face coverings and social distancing will be required at golf courses and trails, and travelers at Los Angeles International Airport and riders on the city’s public transit system will be required to wear face coverings starting May 11, Garcetti said.

05/07/2020

Luxury Retailer Neiman Marcus Files for Chapter 11 Bankruptcy Protection
Century-Old Apparel Chain Secured $750 Million in Debtor-in-Possession Financing, Liquidity From Creditors
High-end retailer Neiman Marcus filed for Chapter 11 bankruptcy protection, naming some of the world's most luxurious brands such as Chanel, Gucci, and Giorgio Armani as its largest creditors.

The 112-year-old chain is the first major department store to file for bankruptcy protection as the sector reels from the coronavirus pandemic and forced closings of brick-and-mortar stores. Apparel retailer J. Crew Group filed for Chapter 11 protection Monday, as well as custom clothier J. Hilburn. The Department of Commerce reported that sales at clothing stores plunged 50.5% in March, as many retailers were forced to close their doors to help slow the spread of the coronavirus. Other apparel retailers that said they are struggling include Brooks Brothers, J.C. Penney, and Stage Stores.

03/13/2020

American Dream MegaMall Closes Due to Virus Fears
Complex Expects To Remain Shut Until End of Month

https://product.costar.com/home/news/216721650?tag=1

02/28/2020

If your investment tastes run more towards single-family properties, this information is right up your driveway!

What’s the appeal of single-family rentals and what lending options are available for this product type?

02/27/2020

Is investing only for appreciation a viable property portfolio strategy? Maybe, but probably not.

What if you invested in houses solely for appreciation—without considering cash flow? Is this too big of a risk, or just risky enough to pay off? I'll explain how to invest based on your circumstance.

02/24/2020

Master the art of real estate investment, and your time can be your own sooner than later.

Many BiggerPockets members and financial independence enthusiasts think that real estate investment is the best vehicle to escape the 9-5 rat race in the fastest way possible. If this is you, let’s dive into how to achieve financial independence in 10 years or less in a few easy steps.

02/21/2020

Real estate has additional benefits such as its ability to both increase in value as well as produce cash flows from rental income or mortgage interest. Here is a guide that can help you further understand why you need to start investing.

When investing in real estate, there are so many opinions about what to do and how to do it. Information overload makes it difficult for new investors to get started. While what works for one will not work for all, there's no need to reinvent the wheel. Here's how to identify and execute the best st...

02/19/2020

Hardscaping, softscaping--add to the curb appeal of your home with attractive and useful outside additions.

Landscaping can increase the value of your home up to 20 percent, so it's essential to know which of the current trends will add value—not to mention attract buyers or tenants. Here's how to make your landscaping improvements count.

02/18/2020

There are ways to get help with a down payment. Here are a few.

Perhaps the single biggest obstacle to home ownership is coming up with enough money for a down payment, closing costs and cash reserves. While some loan programs don’t require a down payment, such as the VA and USDA programs, others do. For example, FHA loans ask for a minimum down payment of jus...

02/12/2020

Short-term rental properties are a viable portfolio option, and it is good to understand the current and possible future investing environment.

Vacation rental investing offers a profitable and simplified alternative to the conventional residential leasing model.

02/11/2020

Providing my expertise to guide you through all of your real estate transactions with ease! Visit my page to learn more about how I can help you today: https://www.facebook.com/Hoviknet-214903795273188/

02/10/2020

Successful real estate investing means weathering all market conditions. These four points can help with that.

This is not the standard view promoted by real estate investment experts, but then again, very few investors will tell you that they're grateful for the last bust — and not in the least worried about the next one.