Real Estate

Orange asked:


hello,

a family member of mine owns real estate in nyc. they own residential buildings but they are having trouble and going bankrupt. no one will buy the apartments and they owe more money then they will make. they also have alot of taxes on buildings and mortgages to pay.

what can be done. 3 years ago they made alot of money on the buildings and they put more money in and build new apartment buildings right before the economy went down. now theres empty apartments buildings no one will buy or rent from.

do you have advice on how to keep the family member in business when he is running out of money and not making any money. alot of coworkers have given him bad advice.

what can he do to make money and get some apartments sold even in this poor time for real estate? some of the apartments are also rentable.

again i dont have a college degree in real estate or business so i wouldnt know how to help the family member out.

do you have any advice, tips, tricks. this is important because a family will be out on the street soon, if the persons real estate dosnt start to pick up and make money and sell apartments
im not looking to make money
im looking to improve the real estate business

matt asked:


I want to know how price of apartment rentals has changed over the past 3 years. Specifically broken down by borough/area.

Does anyone know where I can find future forecast as well. For example what rent will be in September 2010?

Courtney P asked:


Why does it always ask for just a week to carry a simple form. Should I obtain a certified history of (3 years) and is going to require approximately one month after presenting the form.