Patrick Kavanagh KRI Property Group | Real Estate TV 01

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Jared Kushner in talks to sell stake in real estate tech firm

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Sale of stake in Wired Score is part of effort to divest himself of many business ties  Jared Kushner , a senior level White House official and son-in-law of President Donald Trump , is in talks to sell his stake in a real estate technology company as he attempts to pare his numerous business ties, according to a report by the Wall Street Journal. He is in the late stages of negotiating a deal to sell his stake in the company, called Wired Score , to a group of investors that include Los Angeles-based Fifth Wall Ventures, the Journal said. It was unable to determine the price of the stake or the identity of other group members. Kushner is working to exit other business investments as well, as the Trump administration faces criticism for not doing enough to rid its senior officials of potential conflicts of interest. He disclosed earlier this year that his stake in the Wired Score was worth $5 million to $25 million . Founded in 2013, Wired Score assesses the speed and qu
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My Whole Foods Real Estate Rule

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Income properties near a Whole Foods are a safe bet, and other guides for investing.  ome people have certain criteria when they search for real estate deals , such as a 6 percent or 7 percent cap rate, or that each unit has to be under $100K. I don’t use any specific thing to tell me whether to go into a deal or not. What criteria should you use? My personal criteria begins with a G. Is it a Grant deal ? Each Monday on Grandparent I’m doing a real estate show to answer your questions and detail all of my deals so you can learn more about investing in this space. Here are some tips for you today: 1. Don’t believe the pro forma. Many brokers will give you a thing called a pro forma assuming 3 percent rent increases a year. Pro forma is about the future, but nobody has a crystal ball. If you think it, then you don’t know it . If you are into astrology, don’t do real estate. You’ll need every zodiac sign for it to work for you. In reality, I don’t even look at the pro form
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