Joe Turco’s Post

Did you know Boston's land-use planning is undergoing a major shift? The Boston City Council has voted to set up a new Boston Planning Department, focused on improving rezoning initiatives, urban renewal plans, housing policies, and more. It's an exciting time, but these changes will directly impact residential and commercial real estate projects. Are you on top of these changes, or could your strategy use a refresh? Understanding these policies’ ins and outs can make all the difference between just surviving and truly thriving in the Boston real estate landscape. Don’t let lack of insight be your Achilles heel. Reach out to real estate expert Joe Turco of 'Turco Group' at eXp Realty who has his finger on the pulse of this ever evolving market. His in-depth knowledge and extensive experience can help bridge these unknowns. Ask yourself, 'Is my Real Estate strategy resilient enough to harness these changes or is time for a master stroke?' #BostonRealEstate #BostonRealtor #eXpRealty #Boston #TurcoGroup #Movemetoboston

Zoning is the unsung hero of property potential! Dive into NYC's unique zoning approach and discover how to navigate the rules to make the most of your lot. From residential to commercial, single to multifamily, get clarity on maximizing your space. More insights on my YouTube! #BackstageGuide #Zoning101 #RealEstate #MaximizeSpace

Zoning is the unsung hero of property potential! Dive into NYC's unique zoning approach and discover how to navigate the rules to make the most of your lot. From residential to commercial, single to multifamily, get clarity on maximizing your space. More insights on my YouTube! #BackstageGuide #Zoning101 #RealEstate #MaximizeSpace

Spotlight on North Hyde Park: Jade's New Chapter! We're seeing significant moves in Tampa's real estate as a San Francisco-based firm takes over the Jade apartment complex for $50.8 million. With 192 residential units and 3,100 square feet of retail space, Jade is a cornerstone in North Hyde Park. Why does this matter? Tampa's average rental prices have been climbing, reflecting both the city's growth and its appeal to external investors. In the last year alone, average rents in Tampa rose by approximately 5%, a trend influenced by both local demand and the influx of sophisticated capital from markets such as California. These out-of-state investments can increase property values and rents, impacting affordability and accelerating neighborhood improvements and economic growth. This dual-edged sword poses the question: How do we harness these investments for community benefit while maintaining Tampa’s unique charm and livability? Let's dive into the implications of external investments on Tampa's housing market and talk about strategies for balanced growth. I'd love to hear everyone’s insights! #TampaRealEstate #NorthHydePark #InvestmentTrends #CommunityDevelopment #EconomicGrowth

Working on the Atlanta Bowen Homes redevelopment is a reminder that real estate is about more than just building structures—it’s about understanding the significance of the land and the communities it once served. This 74-acre site has been overlooked for years, but now it’s poised for a meaningful transformation. Securing the competitive HUD Choice Neighborhood Implementation Grant wasn’t just about meeting criteria; it was about recognizing the value of the project and the impact it will have. Success in this industry requires more than just financial capability and technical know-how. It demands a deep respect for the history and potential of the spaces we develop. When you approach a project with that mindset, you’re not just executing a deal—you’re making a lasting impact. Subscribe: https://lnkd.in/eXgppuZZ

If you've been following our case study series, you'll notice a shift with this purchase as it's duplex, and it was our first one! This property also marked our first venture into Florida, where we've now established more rentals across the state. 📍 Location: Panhandle of FL 💰 Purchase Price: $440k After some light renovations, enhancements to the outdoor space, and a stellar redesign, this property was transformed into a welcoming STR, thanks to its prime location. 📊 Projected Annual Revenue: $80-110k between both units 💰 Year One Completed Revenue: $102k+ between both units View more info here: https://bit.ly/3Shm0Iz or book a 1:1 chat with us: https://bit.ly/3PRRp2w #RealEstateInvesting #ShortTermRentals #AirbnbInvesting #PropertyInsights #InvestmentOpportunity #STRInvesting #PortfolioDiversification #RevenueGrowth #realestateportfolio

👉 Join Adriano, Founder & CEO of RexMont Real Estate, and Kelly Hanson, host of New Day NW on King 5. They'll unravel the complexities of Tenancy in Common (TIC), a concept that's becoming increasingly favored as a creative response to Seattle's challenging housing affordability issues. 👉 In this deep-dive discussion, they'll weigh the advantages and drawbacks of TIC arrangements, highlighting why more and more Seattle residents are considering this approach in the city's dynamic real estate landscape. To Watch the Full Video Click link in first comment 🎥 #seattlerealestate #seattlehomes #realestate #realestate2024 #sellingseattlehomes

If you've been following our case study series, you'll notice a shift with this purchase as it's duplex, and it was our first one! This property also marked our first venture into Florida, where we've now established more rentals across the state. 📍 Location: Panhandle of FL 💰 Purchase Price: $440k After some light renovations, enhancements to the outdoor space, and a stellar redesign, this property was transformed into a welcoming STR, thanks to its prime location. 📊 Projected Annual Revenue: $80-110k between both units 💰 Year One Completed Revenue: $102k+ between both units View more info here: https://bit.ly/3Qg6UQV or book a 1:1 chat with us: https://bit.ly/3RufIow #RealEstateInvesting #ShortTermRentals #AirbnbInvesting #PropertyInsights #InvestmentOpportunity #STRInvesting #PortfolioDiversification #RevenueGrowth #realestateportfolio

How are we innovating Boston's #RealEstate to meet rising demand? One great strategy, noticed by the Boston Real Estate Board, transforms overlooked public spaces into much-needed housing. Their latest project? An $11.9M, 41-unit condo building, evolved from a former elementary school, including nine affordable housing units. This bid not only combats our housing shortage, but exemplifies how repurposing assets is an exciting opportunity under our radar. Could this fresh perspective innovate your real estate strategy? As a part of Mayor Walsh's vision to create 69,000 new #BostonHome units by 2030, are we considering all venues or still navigating with traditional real estate lenses? As Boston real estate professionals, how can we think outside the box to provide more #BostonCondo choices to our communities? If your company is ready to take innovative strides or reflect on your current strategies, feel free to connect. From my experience at #eXpRealty, I'm confident we can uncover hidden opportunities and champion solutions for the Boston real estate market. #Boston #TurcoGroup #MovemetoBoston

Attention, Boston professionals, let's talk #BostonRealEstate! Significant deals are happening in our city every week. Did you notice Mesa West Capital and Newmark's hefty investment of $50.5 million for Sterling Beacon Hill? Or how about the exciting plans at Back Bay to replace a garage with a mixed-use development starring a rooftop pool? Yet, amidst these big-ticket transactions and ambitious projects, one key aspect often gets overlooked: flexibility. Look at DivcoWest, designing a space that can function as both a lab and residential complex. More than ever, adaptability is crucial in modern real estate strategies. Think about your current investments. Are they flexible enough to evolve with market trends and shift if needs change? If not, it might be time to review your strategy. As we take stock of our city's bustling real estate activities, let's remember the importance of adaptability. For deeper insights about this and more, feel free to connect. #BostonRealtor, #TurcoGroup, #eXpRealty, #BostonCondo, #BostonHome, #MovemetoBoston.