Blog Assignment #3

Blog Assignment #3

Task #1

This past Monday we had two guest speakers in our FINC 371 class. These two Aggies names were Mike Gentry, former core commander and current lawyer of Real Estate and Doctor Sam Harrison: MD, well diversified in all types of investments, who's great grandfather was in the first class of Texas A&M. They both had a background full of the Aggie tradition.

They have joined together to develop a piece of land next to the intersection of highway 6 and Briarcrest in College Station, Texas. They ultimately wanted to place several businesses here, and even the owner of Buc-ee's decided to see if he could use the land. Ultimately the land was sold at $20/square foot. The development of this land was an extremely complicated and expensive project, but was successful nevertheless.

The most interesting part of this lecture was the amount of work involved when it comes to any piece of Real Estate. Everything from paying to track how many cars pass that intersection per day (which was around 70,000 vehicles) to being able to purchase the land that prohibited him from accessing Wildflower Drive. The amount of people and resources you have to use while managing Real Estate is immense, and it really teaches you the value of networking. Without the people and resources, it would have taken much more time and effort to make this project profitable.

Blog Assignment #2

Blog Assignment #2

Task #1

• Private Restrictions on Real Estate are encumbrances that set limitations on the free simple ownership rights that generally run with the land. Some of these private encumbrances consist of covenants, conditions, restrictions, liens, easements, profit a prendre, and more.
• The one real life example from an article or video of a dispute or news event related to a "Private Restriction on Real Estate" is this YouTube clip, showing a woman claiming to be able to live in another woman's house, showing us an example of a lien. 
• Lien Clip

Task #2 

• Public Restrictions on Real Estate consist of rights given to the government over property. Some of  these include eminent domain, polic power, taxation, escheat, as well as tort and nuisance laws.
• The one real life example from a video or news event related to a "Public Restriction on Real Estate" is this YouTube clip, showing issues with eminent domain. 
• Eminent Domain Clip 

Blog Assignment #1

The most fascinating parcel of real estate in my perspective is the Chrysler building in manhattan. I've seen a lot of different cities domestically and abroad, but this skyscraper has such a unique design that makes it stand out from the rest of the buildings in manhattan. Another thing that makes it so interesting is when it was completed, it was the tallest building in the world, surpassing the empire state building. Currently, it is the 3rd tallest building in manhattan. I'd love to live in the upper east side of manhattan to wake up to a view of the Chrysler building. It's truly, truly beautiful in my eyes.

Photo

A little introduction.

Welcome,

- I'm Christopher Westerlind, currently a finance major at Mays Business School at Texas A&M with a anticipated graduation date in May of 2014.
- I'm a Swedish native, born in Stockholm, Sweden. 
- My hobbies and interests include traveling as much as I can, actively trading stocks, and spending time with my fraternity.
- I hope to be fairly knowledgeable with real estate lingo by the end of my time in FINC 371.
- My short-term goals is to land an internship within sales & trading within a bulge bracket firm on the east coast. My long-term goals lie within going back to Sweden to work for a finance firm spending time vaulting companies. 
- My unique qualities consist of being an avid traveler, living in three continents and five countries, speaking two languages, and visiting over 50 different cities since I started college. 
- A few items that are on my bucket list consist of working in Hong Kong, base jump, and climb mt. Kilimanjaro. 
- Some of my favorite websites are Tumblr & Stumbleupon