Edward Alexander a Harvard graduate is looking to invest in a small income producing apartment building in the Back Bay-Beacon Hill area of Boston, Mass. He currently has $80,000 dollars saved up to purchase this property. He began his search for the perfect property checking current listings and prices using, www.bankrate.com and www.realestate.boston.com. Due to many of his friends living in the area he gained access to eNeighborhoods a program that allowed him to enter addresses and it would show the previous 25 properties sold. Most properties observed sold for $700,000 and higher and required an initial equity investment of $150,000. Since he only has $80,000 in equity he plans to take out a mortgage to cover this cost. He found that the listings he came across were rundown and in bad condition. Such as one property on Myrtle St. This property showed a 20% return on cash investment, but did not account for repairs, vacancies, or management expenses. With these included the cash return would be only 3%. The values of many buildings on Beacon Hill had doubled or tripled in the past ten years due to a large amount of wealthy professionals anxious to own real estate. Alexander therefore believed that an apartment building in the Beacon Hill area would be a safe investment due to little chance of depreciation for functional or economic causes.…
Mr. Alexander is a gentleman that is looking to build his investment portfolio through residential real estate. He is looking at investing in a 4-plex in a historical district located within Boston, Massachusetts. The building is located on Revere Street and has a listing price of $350,000. Mr. Alexander is evaluating the possible commitment to understand what he stands to gain from the annual cash flows while at the same time understanding the risks involved. The subject property is located within a historical district and is not yet capable of housing tenants. Property will require significant improvements prior to inhabitation. Client will be looking to secure a mortgage to facilitate the purchase of the property. All variables must be assessed and measured to provide Mr. Alexander with a recommendation to purchase said property and make any adjustments to the structure of the deal or to pass on deal all together. Our client also desires to live in the apartment building, and this must be taken into consideration both from a fundamental perspective as well as financial one.…
The Underground Rail Road Written by: Charles L. Blockson Published by: Prentice Hall Year:1987 Pages:308 The underground rail road a sequence of places and people that helped slaves escape from slavery. Margaret Ward lived on the eastern shore of the Chesapeake in Maryland about forty years ago.…
Snaking through the underground tunnels of Manhattan, running express through the busy life of the Manhattan bridge into the light of the past in Brooklyn via the Brighton Beach service line, the Q subway line goes through the exuberant life of various different neighborhoods. Many of these neighborhoods provide a picturesque experience of the diversity in New York City. Many of those neighborhoods include: Upper East Side, Midtown Manhattan, Union Square, SoHo, Downtown Brooklyn, Flatbush, Ditmas Park, Sheepshead Bay, Fiske Terrace, Brighton Beach, Coney Island, and etc. Passing through each station shows changing demographics, the preserved and overlooked history, and colorful communities through each passing stop.…
Rail Road is very important to understand as a driver. If you do not follow rules that are set to protect you from danger, you can face fatal consequences. It is tragic when you see on the news of train related accident because most of all of them are fatal. As a driver you need to be on the look out when you come to a rail way. On the Warning Devices section of Unit 5 rail road crossing it states,"Public railroad crossings have been marked with warning devices for your safety by highway departments and the railroad companies." They are safety devices out there to keep us safe paid for by the highway department. The same section states," Learn what the warning devices are and watch for them. With these warning devices and caution on your part, you can avoid a railroad-crossing crash." These are all part of car and train…
|1. |Approves funding for this project? |High Speed and Intercity Passenger Rail Program (HSIPR) by the |…
In the poem “On the Subway” written by Sharon Olds, two different are being described on how society sees them based on their race. Sharon Olds describes them with traditional stereotypes with the use of tone and imagery, to differentiate yet connect the two of them.…
MTA thought that they could strong arm the union as they had in the past. In 1999 and 2002 MTA threatened the union with fines and jail time if they did not negotiate. Therefore, union leaders accepted terms and contracts that they normally would not have if they had other options. But members of the union were tired of promises by management of better working conditions and wage increases that did not cover the cost of inflation. Union members also felt that because they were minorities that they did not get the same pay as their counterparts in other MTA companies. They were determined not to settle for a mediocre contract. But when MTA proposed a contract with small pay increases, an increase in the pension age, increases in the amount that workers would pay for pension and workers now paying for healthcare that was once free to them, they decided that the striking was their only option even though it was illegal.…
. These obstacles are things like housing, transportation, and other basic necessities (Ehrenreich 2001). For instance, the working poor often do not have a permanent residence or family to stay with while they save money, and cannot afford a large deposit for an apartment. This means they have to settle with weekly hotel rooms, which end up being more expensive, yet are the only affordable option because they don't require large down payments. Transportation is another common factor; if one is a member of the working poor they likely do not have their own car and have to rely on public transportation. Depending on the location it is do-able, but public transportation in our society is still not widely-available in every city. One study shows…
The result of the ratio analysis is showing that Rock Castle is in a good financial position. The current ratio is 9.49 is way more than having 2:1 ratio. However, the current debt ratio of the company is 59.1% which indicated that we have a high percent of the debt, we must take action in order to find alternatively activates in order to bring this percentage down to a least to the 40s. Also, the analysis shows the profit margin is really good, which is 35.56%. The percentage of the sales in the dollar is high which indicate that we are making almost 36 cents per dollar.…
The song I am analyzing is “Castle on the Hill” by Ed Sheeren. The main theme of the song is that Ed Sheeren wants to go back to his childhood . He misses his childhood and his friends hagning out together. Ed Sheeren goes into detail about how him and his friends used to hang out together and do stuff that kids would do. One of the 5 devices that I have is “And tasted the sweet perfume of the mountain grass I rolled down.” Ed Sheeren means in this pargraph that when he smelt a sense of home he felt comftorable. Another 5 device is “But these people raised me and I can't wait to go home”, what Ed sheeren means by this is that he was so used to the people that were around him and raised him that he can't wait to go home.…
The elegy of "Old Train Station" is a complex prose about photography as an art and the true value of art, its eternity. The "Elegy" of Natasha Geleva is visual lamination - exhibition, for the destroyed values of something that was supposed to be eternal. Philosophical expression on meaning of…
The subway system adds a positive quality to New York City. Some even say riding the subway is an exciting experience because it is a public space where to meet other New Yorkers on a one to one level. Do you agree or disagree with the previous statement? Give reasons for your response.…
Fortress Investment AISHWARYA RATNA PANDEY NIMA OTAREDIAN ATEFEH NADERKHANI Table of Contents Company profile Going Public Structure Stock Market Analysis Aftermath Company Profile Fortress Investment Group was founded by Wesley Edens , Randal Nardone and Robert Kauffman in 1998. It is a leading global alternative asset fund with approximately $29.9 billion in assets under management (AUM) as of March 31, 2007. They have three core business Private equity funds Hedge funds…
The bottom line – if it seems too good to be true, it usually is and you get what you pay for.…