Buy & Sell

New York Crowdfunding Firm Offers Real Estate Investors With Return Rates Of Up To 10%

InvestSelect, the crowdfunding company's newest platform, issues loans instead of investing equity in real estate. Participants who invest $25,000 or less are promised a 9% return from interest rates. Those who shed out at least $30,000 are offered a higher return rate of 10%.

New York City Rent: Half Of AirBNB Listings In The Big Apple Are Possibly Illegal

After an investigation done by New York government officials, it turns out that more than half of AIRbnb listings in the city of New York for the month of November are actually illegal. According to NY Curbed, the NYC government pressured the website to share their user data. Attorney General Eric T. Schneiderman took charge of this effort. Although the website, which is now pegged to be worth $24B, succumbed last Tuesday to the government's demands, officials refuse to believe that the data shared to them is complete.

Indonesia Amends Luxury Property Tax Rules

Indonesia is changing its rules on taxing luxury properties. In this move that could iron the uncertainty that is plaguing the real estate sector, certain apartments and houses are now to be valued based on value instead of size, The Business Times reports.
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