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David Podgursky Boynton Beach Realtor

Archive for April, 2008

Get your IRS Tax Rebate Check NOW… well, soon!

By David A. Podgursky • Apr 30th, 2008 • Category: Featured Articles, Market Commentary

The Lakeland Ledger had a great article for Florida residents who can’t wait to receive their IRS Stimulus Checks. 
To the right you’ll see a great graphic they have on the website that is interactive and will tell you generally when to expect your check via Direct Deposit or by Check.  You can only receive […]



Boynton Beach Florida seeks Brownfield Designation for CRA

By David A. Podgursky • Apr 28th, 2008 • Category: Politics

Boynton Beach Florida is again the subject of controversy regarding land use and zoning. This time the city commission is requesting a Brownfield Designation for the Boynton Beach CRA area in hopes of reviving the opportunity for development there.
A Brownfield is a site of actual or perceived environmental contamination. Typically Brownfields are […]



Real Estate Investment - Gross Rent Multiplier Formula

By David A. Podgursky • Apr 25th, 2008 • Category: Commercial Mortgages, Featured Articles, Investor Info

When deciding on a purchasing a Real Estate Investment there are several major factors to discuss.

One of them is Asset Class… you may want to invest in Apartments, Industrial/Warehouse Properties, Office Buildings or any number of other types of properties.

When you finally decide on what you are going to buy, you need to be able to do the financial analysis to figure out if the property you are buying has positive investment potential. That means that it is priced right and it cash flows.

If you are interested in Multifamily Properties … otherwise known as Apartments… then one formula you may use to analyze properties is called the Gross Rent Multiplier Formula.



Hillary Clinton and the US Mortgage Crisis

By David A. Podgursky • Apr 18th, 2008 • Category: Politics

In Wednesday night’s Democratic Presidential Candidate debate, Senator Hillary Clinton mentioned a horrifying number…

Sen. Clinton was answering a question regarding the economy and the foreclosure crisis and mentioned that the Mortgage Bankers Association has spent $185,000,000 (yes… that’s million) on lobbyists. These lobbyists have bent every ear in the House and Senate for years to help the banking industry skate by on lack of disclosure, mismanagement and investor gains for years at the expense of the consumer.



Davie Florida passes new Affordable Housing Plan

By David A. Podgursky • Apr 18th, 2008 • Category: Affordable Housing, South Florida Info

Last night, April 16, 2008, the Davie Florida Town Council passed a new, updated Affordable Housing Ordinance aimed at redevelopment for the low-income Davie Florida residents.
The current plan structure which will come to a final vote in May, will impose up to $14,400 per unit in Impact Fees for Builders who opt out of […]