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Real Estate News: Real Estate Investing Podcast

Don’t get caught off guard by market crashes that can take all your money down with them. And don’t miss out on markets where you can build wealth practically overnight. Real Estate News for Investors with Kathy Fettke is the premiere source for savvy real estate investors who want the edge. Stay up-to-date on new laws, regulations, and economic events that affect real estate. Topics include: market trends, economic analysis that affects housing prices, updates on the best rental markets for investing in single-family rentals or multi-unit rentals, turn-key housing standards, the fate of the highly revered 1031 exchange and other tax law affecting investors, self-directed IRA investing and 401k changes, where rents and property values are rising or falling, flipping risks, new Dodd-Frank rules regarding private lending and financing standards, areas with job losses vs job growth, areas that are overbuilt or over-supplied versus areas with low supply and high demand, and how to avoid real estate scams. We'll bring you the latest reports from organizations like the National Association of Realtors, Realty Trac, Fannie Mae, Freddie Mac, Zillow, Trulia, Redfin, Rent Range, Property Radar, the Norris Group, Peter Schiff, Robert Kiyosaki’s Rich Dad, Suse Orman, Bigger Pockets, Dave Ramsey and more. And we'll help you interpret the data in terms that make sense for your real estate goals, and portfolio. Grow and protect your wealth by staying on the forefront of economic data analysis, expert opinions, innovative investing strategies and profitable investment opportunities. We'll share all the top real estate news stories and the best trade secrets investors should know, so you can stay ahead of the curve and make fully informed real estate decisions. Host Kathy Fettke is Co-CEO of the Real Wealth Network, author of Retire Rich with Rentals and host of the Real Wealth Show on iTunes. She brings decades of media and real estate investing experience, offers her own viewpoints on particular topics, and taps into her network of real estate experts for real world news updates created just for investors like you. Get the real news on real estate on The Real Estate News For Investors Show!
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Real Estate News: Real Estate Investing Podcast
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Aug 3, 2016

There’s a high-rise nightmare that’s only beginning to take shape in San Francisco. The 58-story $350 million dollar Millennium condo tower is sinking and tilting. And it could turn into one of the city's costliest real estate legal battles ever.

The building owners are blaming the problem on the underground construction of the new Transbay Transit Center right next to the Millennium tower. And the homeowners association issued a statement that listed several public agencies that could be held legally responsible. That includes the Transbay Joint Powers Authority, which is run by the city of San Francisco, AC Transit, Caltrans and Caltrain.

And while the homeowner's association blames the transit center project, the Transbay Joint Powers Authority is balking at the accusation, saying it took all the necessary precautions.

The Authority reportedly checked on the potential impact of the proposed Transit Center project back in 2010, and found that the Millennium had already sunk 10 inches.

The Transit Authority claims the Millenium Tower has its problems because engineers cut costs and failed to drill an additional 200 feet into bedrock. It claims that the Tower sits on fill, and would of course sink and tilt.

So this is sure stir up all sorts of costly ideas on how to "fix" the problem. Some experts are saying you might be able to pour concrete beneath the base and install additional supports. Whatever it is that needs to be done, it's sure to lead to a lively debate...in court.

For the full transcript: www.NewsForInvestors.com

The post #113 – Sinking San Francisco Condo Tower Could Cost Taxpayers appeared first on Real Wealth Show | Real Estate Investing | Turnkey Rental Property | Cash Flow | Notes | Private Lending | Flipping | Wholesaling.

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