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tv   Kennedy  FOX Business  February 24, 2018 8:00am-9:01am EST

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remember -- you can't take it with you. >> i'm bob massi. for 32 years, i've been practicing law and living in las vegas. i help people with all sorts of real-estate problems, from trying to save their homes to closing major deals. eight years ago, 6,000 people a month moved here, looking for employment and affordable homes. little did anyone know that we would become ground zero for the american real-estate crisis. now, it's a different story. the american dream is back. we're gonna meet real people who faced the same problems as millions across america, and we'll dive deep into a city on the rebound because las vegas was a microcosm of america, and now vegas is back. [ woman vocalizing ]
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if you buy a home today in america, there's a one-in-five chance that you will end up living under rules imposed by what we call a board of directors, usually elected by you, the local resident. this board has very broad powers, and based on certain guidelines, well, they dictate just about everything in the community -- from the color scheme, how many cars can be in the driveway, how high your grass can be. and a lot of states? guess what, guys? they have the power to take your home if you don't make your monthly dues payments and assessments. very, very important to understand this. in some cases, people really enjoy homeowners associations. why? because they protect them. in other cases, i must tell you, they are a nightmare. >> they can be totalitarian regimes, but most totalitarian regimes, while they have their downsides, they also can be clean and orderly. >> this is karen and james. they bought a home in an hoa-managed neighborhood and one day found themselves in the middle of a major battle. >> we came back from vacation, and we found this rumble strip had been installed in front of
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our home. and first night back, made a tremendous amount of noise, and we realized, "this is not gonna work for us." >> their once-quiet house was now filled with this noise... [ rumbling ] ...every time a car drove by. >> you're just constantly interrupted. as soon as somebody goes over these rumble strips, you wake up. and then it takes you an hour or two to get back to sleep. it's just not fair to the homeowners. and what's so infuriating is that these hoa board members, they don't have these in front of their homes. >> we just couldn't take the noise anymore. we had the president come over to our house, president of the hoa, and we asked him, "look. we cannot sleep in our home because these rumble strips." >> he actually started yelling at me in my home, telling me, "who am i to demand them to remove the rumble strips?" and i said -- i had to remind him -- "we're the homeowners. that's who we are. and you're supposed to be our advocate. you're the homeowners association." >> they set up cameras looking out of their bedroom window to document the constant noise... and the fact that the strips do not seem to slow the traffic
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down at all. they soon learn that they were pretty much powerless to take on the hoa. >> once you're outside of that gate, that is technically city of las vegas oversight. but once you are in these gates, the hoa owns these roads. they have oversight. they can determine the speed limits. they can determine what they're gonna put here. but it's just so difficult in that they don't have any skills or experience or education in transportation, road construction, engineering, and then this is what can happen. >> and they have the legal right to do it. and everything that they can do is in the cc&rs, which you are given. so, yes, it is legal, but it's not right. >> cc&rs are the covenants, conditions, restrictions, reservations -- the laws that you must sign if you want to buy a home in an hoa community. and they are legally enforceable with monetary fines and even talk about the right of hoas to foreclose on your property. in a different hoa, when this resident used foul language, well, he was fined $100, with another $100 being assessed every week.
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there is no first amendment freedom of speech in homeowners associations. >> i find it amazing that three people on a board of directors have more power and protection than city, county, and state agencies combined. and it's all legal. >> for karen and james, the hoa battle -- well, it took its toll. >> we finally came to the conclusion we're not gonna sink our savings. we're not gonna lose any more sleep over this. we're gonna try to sell, and we're gonna try to get out. and that's exactly what we did. >> so, they packed up, and they moved. >> i'm not willing to spend our money and any more time living in a community where we cannot sleep. >> i just think that homeowners should have the right to challenge their hoa before and after decisions. >> and it's not just the rules that get people into trouble. hoas are notoriously aggressive for going after people who fall behind on their dues. in fact, nevada is one of about 20 states that have laws that allow hoa liens to get priority over first mortgages. >> it could be a few thousand dollars, and if the hoa isn't getting paid, it can go ahead and foreclose and wipe out the
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first deed of trust that the bank may have. >> that means they can foreclose on your million-dollar home to collect just a few thousand dollars of unpaid dues. >> yesterday, i actually was talking to an individual in the real-estate industry who apparently bought lots and lots and lots of homes, like hundreds of homes, at homeowners' auctions, and they got them for extremely low prices. >> pennies on the dollar. >> unbelievable. >> yep. million-dollar homes bought for several thousand dollars. in 2007, this house was purchased with a mortgage of $800,000 when the homeowner fell behind on the mortgage and the hoa dues. it was the hoa. guess what they did? they quickly foreclosed and sold the house to an investor for a total of -- believe this? -- $6,000. bank of america held the mortgage, appealed to the supreme court. bye-bye. they lost. >> the nevada supreme court said, "no. super priority means super priority. homeowner doesn't pay their dues, hoa goes in and forecloses, and the house sells for 2,000 bucks to satisfy the hoa dues, and it just wipes out
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a half-a-million-dollar mortgage, and that's the way it is. >> up next, are you in the market for a property with the bulletproof windows and a hidden gun compartment? we'll tell you who lived here when we come right back. [ woman vocalizing ] oh, manatees. aka "the sea cow"" oh! there's one. manatees in novelty ts? surprising. what's "come at me bro?" it's something you say to a friend. what's not surprising? how much money matt saved by switching to geico. fifteen minutes could save you fifteen percent or more. yea, s#stuffynoset this cold #nosleep i got it... #mouthbreather yep, we've got a mouth breather. well just put on a breathe right strip
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>> welcome back. i'm bob massi, the property man. well, las vegas has a legendary history, and every once in a while, a house goes on the market that lets us step back in time and see that history up close. here we are, las vegas country club, in the '70s, one of the most exclusive areas in las vegas. and i'm standing in front of "lefty" rosenthal's home. when you mention lefty's name, put it right next to tony spilotro, the infamous tony spilotro, the mobsters in the '70s. and if you saw the movie "casino," you know what i'm talking about. >> i was so good that whenever i bet, i could change the odds for
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every bookmaker in the country. i'm serious. i had it down so cold that i was given paradise on earth. >> in the 1970s, frank rosenthal secretly ran various las vegas casinos for the chicago mob, including the stardust, the fremont hotel, and the hacienda. robert deniro's character was based on him, and sharon stone's based on his wife, geri. joe pesci's character was their partner, reputed mob boss anthony "tony the ant" spilotro. for much of the '70s, las vegas and its casinos was secretly run out of this very home. let's take a walk inside and meet the broker who's gonna sell this home. so, brian, we're at the infamous lefty rosenthal's home. it was built, what, in 1974? >> yes, roughly 1974. >> and he passed away, what, seven, eight years ago, i believe? >> 2008, i believe. these are the original doors to the house. they're bulletproof. as you know, he was being chased by the mob and the fbi and everybody else. >> just about everybody.
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>> just about everyone, so the doors are bulletproof. the entry doors to the courtyard and these front doors, they've remained unchanged since the house was built. >> okay, let's go in. this is the window, by the way, that faces the las vegas country club, which is one of the oldest golf courses in las vegas. tell us about the window. >> right. the window is also bulletproof. the original window -- lefty was coming down the stairs one day. the mob tried to shoot him from across the golf course. and the original bullet mark is in the glass. it remains there today. >> it's amazing the way these guys lived, you know? >> yeah. >> going into what appears to be the living-room area. >> the smoke-mirrored ceilings and walls are original. the piece of art behind the television there on the wall, that's an original piece commissioned by steven chase out of palm springs for lefty rosenthal. the sunken bar is original. the closets in the house -- all the closets are original. an this one over here has a hidden gun compartment, where lefty kept his guns. >> yeah, let's go take a look at that. there's like a little door that
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actually opens, and the gun or guns were put in that area. >> that's correct. >> the lifestyle that these guys had, and if these walls could talk, it would be amazing the business that went on in this particular place. >> absolutely. >> in fact, with so many investigations hounding lefty, this house became his criminal-defense headquarters, and his attorney, oscar goodman? guess what? he became mayor of las vegas, and now his wife, carolyn, is the current mayor. >> his lifestyle was different than any other person i had ever represented. he must have stayed up the better part of the night, holding court in the various restaurants, but he would stay in bed all day. and his wife would basically wait on him, and we would hold our meetings about his various cases, and i had, oh, i'd say maybe five or six cases going at any one time just involving him. and he would be there in his pajamas and then in his robe, and i would be taking my notes and going over things that lawyers go over with clients. it was the most modern,
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scientific home in the history of the world. >> really? >> for the time, you couldn't get -- it was like a fortress, bulletproof windows, doors that locked automatically, alarms wherever you looked at, buzzers here. it was different than anything i've ever seen. >> brian, what's so interesting is, so much is authentic. so, it's not just that they're buying something from 1974. it's the history. like, for example, this you said is an original piece. >> that's right. that's right. this is an original that was put in when lefty lived here. there's original features throughout the house, and that's what makes it what it is. it's got that '70's vibe, that classic vegas feel to it. >> absolutely. let's go into the kitchen area. >> this is another original piece commissioned for lefty. it's been here since day one on the wall. the ceiling above has gold-leaf accent under the wood. that's all original. >> it's a part of history of las vegas that it'll never be like it was, and that's why whoever is interested in buying this, they're buying a very big
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part of the history of las vegas. brian, let's take a look at the master bedroom here. >> okay. this is the master suite. all the closets and mirrors in the room are original. it has a great view looking out over the golf course. that's the 15th tee box out there. you might remember from the movie, there was a famous scene where the fbi -- they were trying to spy on lefty, and they ran out of fuel and landed on the golf course. they actually ended up in that pond out there. that's where the plane ended up. this bathroom over here is the original bathroom. everything you see in there, even the wallpaper, is original. >> it's interesting to see how bright the lights are. him being in the casino business -- >> and geri being a showgirl. >> and geri being a showgirl, this is like hollywood -- hollywood lights. >> that's right. >> how do you pitch it to a prospective buyer with the history?
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'cause some people don't like the idea it's a mob house. let's face it. >> sure. the history is the biggest part of this home, and it's a beautiful home. >> mm-hmm. >> but the history behind it is what makes it so unique. so, the story of lefty rosenthal and tony spilotro and everything that went on here, that's the angle that we use to market this home. >> up next, a look inside of one of the most beautiful properties you can imagine. >> this is a special home. the style would be classified as a desert contemporary. it gets you from the get-go. >> it does. when we come right back. [ woman vocalizing ] the day after chemo might mean a trip back to the doctor's office, just for a shot. but why go back there, when you can stay home,
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i've made my ideas real. ♪ ♪ i made my own way, now it's time to make yours. ♪ ♪ everything is working, working, just like it should ♪ [fbi agent] you're a brave man, your testimony will save lives. mr. stevens? this is your new name. this is your new house. and a perfectly inconspicuous suv. you must become invisible. [hero] i'll take my chances.
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>> welcome back. i'm bob massi, the property man.
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it doesn't matter if you're buying a $100,000 or a $20 million one. there are certain key things that you must know before making such a massive commitment. in just a few minutes, i'm gonna review those things with you. but first, we had a chance to check out one of the hottest properties for sale now, and it is truly amazing. take a look. ivan, i mean, this is your specialty, these magnificent homes, and we're just walking like an entrance to, like, "ben-hur." >> you know, this is a special home. the style would be classified as a desert contemporary. it gets you from the get-go. >> it does. >> i mean, you walk in, and you're captured by the views. and one of the things that separates this home from so many other homes is that they surrounded themselves with all this land and all of this privacy. what they did with this home is that they created a home that not only shows well for entertaining but that you can
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live in, that you can have a family live in. so, this home right here, it's amazing to think of having families and normal-to-day activities, but this is where that would happen. you've got your family room. you've got your kitchen with a double island, all the newest appliances. >> and the view, 'cause now, as we're walking, and, of course, we're facing east. so, we actually could see downtown las vegas with this magnificent pool and fireplaces. it's just remarkable, the detail of this home. >> and it's not just "and the view." the view is the home. >> it is, isn't it? >> in las vegas, the strip is our ocean, and this is what we have. we're on the golf course. we're elevated above it. you're on just under two acres. it sets itself apart from just about everybody else because of what it has to offer in terms of view and amenities. >> and behind i see we have fire in different parts of the home, and i know there's a waterfall here. and now we're looking back in, and you see even more so the
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detail of this entire beautiful room. how many square feet is this home? >> well, 16,000, and 21,000 under roof. for this particular home, i like to talk about the "wow" factor. i mean, you walk in, and it just, as i mentioned, it just gets you. >> it does. let's go look at some other areas. >> you got it. >> we're walking into the master bedroom, and, again, the views are so consistent, facing downtown las vegas, the east side of the town. >> to have a master bedroom that looks out and is kind of contoured by the ceiling detail and the roof that juts out and captures the strip and the golf course. this is the spot. >> sitting on two acres, the property doesn't just come with amazing views but also unparalleled privacy and security. for a home this size, what is the price on it right now? >> the price on this home is $17.5 million. >> and i will tell you, after walking through the home with you, i'm surprised.
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i thought the price point was gonna be $25 million or $30 million. however, as you said, this is an advantage of living in las vegas. you take this home and put it in the hamptons, put it on the beach in los angeles, santa monica, whole different market. >> yeah, this home in a different market, outside of las vegas, you'd be at least double the price. this is the attraction. so many people, they have a misconception of what las vegas actually has to offer. we have things like -- we have a hair salon, a beauty salon. we have a spa that has a hot-and-cold plunging pool, and it has a steam room and an outdoor basketball court. we have a media room that's second to none. when the current owner purchased the home, he put in millions of dollars in upgrades. he added almost a half an acre and beyond to the size of the lot, to the landscaping, to the livability and the entertaining portion of it. he actually converted an extra 1,500 square feet. so, he added on 1,500 square feet to the house. so, the home that you see today is not the home that it was even
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a few years back. >> how do you go about in your specialty to find a buyer for this home? >> finding a buyer for a home like this is not something that you do every day. this is a part of the market which is unique, and the buyer needs to be unique. what we do is we spend a lot of our time and a lot of our money in our marketing. but the biggest thing that we do is we create a campaign. we create a whole plan specific to the home, including a specific website. and a lot of our buyers in this price range are gonna come from out of state. >> is this the type of home you think a celebrity would buy, an athlete would buy, obviously somebody very successful that has the money to buy, 'cause you said it's $17.5 million. or is it one of those things you never know who's gonna walk through the door that's gonna say, "i want that home"? >> that's the answer, because it is a specialty home. people that can afford a home like this have multiple homes. and depending upon if this is their primary or secondary or beyond, it could be anybody. >> i guess probably the most important question is, we know
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who needs the barbershop and who doesn't. >> [ laughs ] not me. >> exactly! very good. thanks, buddy. i appreciate it. >> thanks, bob. thanks so much. >> for most of us, a home like this is way out of our league. but there are still things you can learn from this property and how it's being sold. we'll tell you what they are when we come back, in the massi memo. [ woman vocalizing ] it's easy to think that all money managers are pretty much the same. but while some push high commission investment products, fisher investments avoids them. some advisers have hidden and layered fees. fisher investments never does. and while some advisers are happy to earn commissions from you whether you do well or not, fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. sucthey read more.have one thing in common.
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>> welcome back.
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i'm bob massi, the property man. and it's time now for the massi memo. we showed you former gangster lefty rosenthal's house. if you're buying an historic home or even just an old home, well, you need to look out for certain things. in some cases, you can get tax credits if you're restoring the property. and, of course, historic homes, well, by their very nature, they're old, and, therefore, they need repairs. so, do this for me. look for a qualified contractor and get multiple bids. make sure they've worked on aged or historic homes. get a detailed home inspection with a licensed and bonded inspector. these historic and old homes many times, they have safety issues such as lead paint, termite issues, asbestos, structural issues from mere wear and tear. ask for utility bills, guys, to get a history of the cost. it could be expensive. and usually these old homes, well, they're not insulated at all. also, i showed you that stunning $17 million mansion.
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go figure. buying and selling multimillion-dollar homes requires specific knowledge of the market. most sellers expect their broker to bring a qualified prospective buyer to the table before they just open their home to strangers. specialized qualified brokers like ivan, they understand the marketplace, and that's so important. prospective buyers, be prepared to answer questions about your financial situation related to the nature of your business -- who you are, what you do. many times, buyers can ask for luxury homes to include the furnishings, specialty items that make the home unique. and also, always remember, guys, you can negotiate closing costs. for you the seller -- well, you must make sure that your asking price is real. qualified buyers who have competent brokers know the marketplace. they've done their homework. that's it for today. be sure to send me your questions or property stories at propertyman@foxnews.com. and check out our website at foxnews.com/propertyman.
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i'm bob massi. i'll see you next week. [ woman vocalizing ] >> i'm bob massi. for 34 years, i've been practicing law and living in las vegas, the center of the recent real estate crisis. lives were destroyed from coast to coast as the economy tanked. now, well, it's a different story. the american dream is back. and nowhere is that more clear than the sunshine state of florida. so we're headed from the strip to the beach to show you how to live the american dream. i'm gonna meet real people who are facing serious problems, take you behind the gates of properties you have to see to believe and give you the tips that everyone needs to navigate the new landscape, because information is power. and the property man has got you covered. [ woman vocalizing ]
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thanks for joining us. i'm bob massi. when you say orlando, many people think of disney world and theme parks, but those are technically not even in the city. actual orlando is a complex, vibrant city, and it's undergoing a major transformation. one of the biggest construction projects right now is the start of creative village. >> we came up with the concept to create an area in our city that was devoted to digital or emerging-media companies and academia. >> the goal of creative village is to capitalize on orlando's technology industry by bringing together high-tech companies, universities and, yes, creative types, so the students and the employees of those business can live, work, and learn in the same area. [ crowd cheers ] the former site of the amway arena in downtown orlando is now becoming a 68-acre
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mixed-use, transit-oriented, urban-infill neighborhood. >> urban-infill development is the redevelopment of areas that are already serviced with a higher and better use. and so over the past several years, you've seen a huge trend towards urban infill development. >> it'll be a downtown within the downtown -- small city within the downtown -- and it's located right near a sunrail stop, which is our commuter rail system. >> sunrail has had a huge impact on downtown orlando. people will now walk to their offices. >> everything is sort of self-contained where there's convenience and -- you know, it's transit and schools and workplace. do you see that as the future, not just in florida, but throughout the country? >> people want to live back in town centers. there's a movement back from the suburbs to our downtown. i know that's true here in orlando, and i believe that to be true on a national basis. >> i used to be the person who lived in the suburbs, and i commuted to my job, and i commuted to my kids' school. and i spent hours a day in my car, and i had no quality of
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life. and i didn't have time to exercise. i didn't have time to play with my kids. you've actually seen a lot of urban revitalization all around the nation as people realize that time is valuable. they want to live closer to work. they want to live closer to their kids' schools. they want to live closer to the businesses and not spend so much time in the car. >> creative village will have 1 million square feet of office-creative space, 500,000 square feet of higher-education space, 25,000 square feet of k-through-12 schools, 1,500 residential units and 150,000 square feet of retail commercial space. >> we've been working on the creative village project for about five years already. and there's probably another 15 years to go. we've started work on the infrastructure that you'll see behind me. but over the next several years, you'll start to see some of the vertical development take place. >> the vision for creative village is to make an urban neighborhood destination through a development plan that supports a mix of uses that all complement each other -- high-tech, creative studios, higher education, k-through-12 education, mixed-income residential,
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retail, commercial, and hotel. >> cities that are gonna be successful in the future are the ones that can attract talent. and the young millennials that want to live in a downtown environment want to have transit, may not have cars, want to work at night. creative village is gonna be perfect for that. >> so you can shop on the first floor, and you can live on floors 2 through 17, walk to work, and be able to walk to where you want to go out at night as well. >> almost like the old neighborhoods, you know, where people knew each other and helped each other and families together and just sort of a cooperative effort there. >> very much so. >> overall, the creative village is a very long-term project. what you see behind me right now is the infrastructure. that will be complete sometime next year. as downtown orlando's trajectory improves, of course, the land around it and the communities around it will improve as well. ♪ >> creative village will be close to orlando's historic church street station. in the '70s, the station and nearby buildings were turned into a nightclub and entertainment center. and it became wildly popular.
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and downtown orlando was the place to be. >> a guy named bob snow started, first, rosie o'grady's and then grew it into an entertainment complex with four or five different nightclubs. >> by 1985, church street station was pulling in 1.7 million visitors annually, making it the fourth-most-popular tourist attraction in florida after, of course, walt disney world, sea world, and busch gardens. the church street exchange building has a shopping mall constantly packed with tourists bussed in from disney world and universal. >> and the universal tourists would come here to party, come here to shop. >> you would have 20 buses park downtown because they didn't have as many things to do out at disney in the evening. ♪ >> but the theme parks, well, they caught on and built their own shopping and night-life destinations like downtown disney, and universal citywalk. >> when that happened, it pretty
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much killed this building, and it killed a lot of what was known of downtown. and so it's sat empty now for about 15 years. >> so downtown orlando -- well, it began to decline, and church street station along with it. the area -- it became neglected. and the church street exchange building, it sat empty for decades. not anymore. it's now become transformed into a tech cluster, filling up with entrepreneurs, internet start-ups, and software developers. >> we're seeing a revitalization, a resurgence of downtown. it really started with canvs opening up to coworking space. >> canvs is a 17,000-square-foot coworking space where companies and individuals can rent out actual desk space to work on their companies. >> then the tech community sort of needed a hub, and this building, it's got so much character that it really sort of fits that vibe that they were looking for. >> the church street exchange building has become a hub of activity for start-ups, for high-growth technology companies. inside canvs here, we have over 70 different companies of various sizes. >> we've seen a lot of young,
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like, millennials that are starting companies. they really want to be in an urban setting, and they want to be downtown. now with public transit options, it's really easy to get down here. >> 'cause they like living here, the companies want to stay here, and they're now giving back and growing the community. >> it's brought back a lot of the restaurants and bars in that area. >> and so everything's sort of coming together. >> when we come back, what orlando is doing that will not only improve a distressed neighborhood but also change the lives of some real american heroes. plus, ever taken a house tour by boat? there are some properties for which a simple walk-through just won't do it. >> we probably do two or three showings a week by boat. and you have to see the water, the trees. >> yeah. you do. >> it's part of the lifestyle here. [ woman vocalizing ]
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♪ >> welcome back. i'm bob massi, the property man. orlando is undergoing a major transformation.
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church street is not the only downtown area getting a makeover. >> we recently did a $200 million renovation to the citrus bowl. >> about 90% of orlando's citrus bowl stadium was torn down and then rebuilt into a brand-new, state-of-the art facility. the $210 million renovation is just one part of a plan to fix an area that is ripe for redevelopment. >> our bowl committee, which is called florida citrus sports, is working with the neighborhoods to improve that area. >> the physical change for the stadium was awesome. but if just didn't set well with us that somehow this would be the only transformation. so the idea really was more, what if, maybe for the first time in our country, you leveraged a 65,000-seat, nfl-grade stadium in the interest, literally, of the people who live in its shadow. >> the zip code that contains the citrus bowl has a poverty rate of 36.3%. >> the neighborhood in the shadow of the bowl was our
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lowest-income neighborhood in orange county. there was this irony. >> how can we as a community feel good about just approving $210 million to renovate a football stadium when it sits right in an area of deep economic despair? >> a group of local business people and charitable folks, with the city helping to facilitate it, was able to purchase the boarded-up buildings. >> the purpose of lift orlando is to see business leaders partnering with residents to break the cycle of poverty. >> the plan? to demolish all of the seven complexes which are presently vacant. lift orlando will then build mixed-income housing to help those in the neighborhood be able to afford a decent place to live. and nobody, as we know, deserves a more decent place to live than our military veterans. for so many veterans, returning from an overseas deployment can mean having to struggle financially and trouble getting
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or keeping up with a mortgage. affordable housing for vets can be hard to come by, but orlando and the orlando regional realtor association, they're really trying to change this. >> the city purchased seven lots. and then we have builders and our real estate commission that are funding the construction of seven residences that we're gonna make available to veterans and/or police officers. >> all of these homes, designed by the a.i.a., are designed with energy-saving features. they all have, you know, extra insulation, double-insulated windows. they're all designed from scratch to be that way. they're also designed with extra-wide door openings in case someone's in a wheelchair. and we can modify the kitchens and the bathrooms and lower the counters if necessary. >> this was the biggest goal that i had, was to get land, and i'm on it. >> this empty lot, donated by the city, will become a three-bedroom, two-bath,
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mortgage-free home for army veteran keon madison and his family. >> it's unbelievable. i'm speechless. i don't know what to say. i always wanted land. >> heroes' commons is the region's first urban housing development for military veterans who are struggling so much financially. >> i have four kids, so the biggest thing was finding a job that can pay for childcare and have additional income left over. that was pretty tough. >> it's a partnership with the florida real estate foundation, the charitable arm of the orlando regional association and the city, which tore down a blighted apartment complex and donated the land. the vets will live there mortgage-free, but still, they have to pay utilities, they have to pay insurance, and they have to pay taxes. they are not permitted, however, to sell the home for 15 years. >> it's a single-family, newly constructed residence. just...i could walk from here in about 10 minutes. >> it's really amazing to see
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communities reach out to veterans. and obviously florida's very, very good at helping veterans. >> well, i hear the term from my residents all the time -- "proud" -- how proud they are of our downtown, how proud they are of what we're doing here. and i think everybody loves our downtown. and it's a very special place. we like to think of orlando as having all the world-class amenities that a big city would have with still a small-town atmosphere. >> coming up, when the property man returns, i'll be answering some of the questions that you have e-mailed in. plus, i'll take you inside a home -- 10,000 square foot -- that is currently on the market. the only problem -- if you lived here, you'd never want to go inside. let's go look at the dock. >> bob, you know, when you live in florida, it's hard not to be a boat enthusiast. and when you live in isleworth, it is impossible. [ woman vocalizing ]
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jardiance is the only type 2 diabetes pill proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and heart disease... ...and lower your a1c. wow. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take
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and if you have any medical conditions. what do you think? i think it's time to think about jardiance. ask your doctor about jardiance. and get to the heart of what matters.
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retail. under pressure like never before. and its connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store
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near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. >> every now and then, we come across a home listed for sale that really takes things to another level. it's no surprise that we found one like that in the community of isleworth. i asked mark hayes, president of isleworth and stockworth realty, to once again be my tour guide. they call this home "camelia," which means "perfect flower." what makes this home stand out? well, it's this private lake -- 125 feet of frontage on lake bessie, one of central florida's best ski lakes. this five-bedroom, six-bathroom house has more than 9,850 square feet. listing price -- $6,850,000. the outside of it is simple but yet so majestic. >> it is -- all custom stone work, it's very grand.
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it's private. there's a lot of little private courtyards throughout. >> let's go and let's take a look at some of the inside of the home. come on. this is impressive. >> what creates that warm feeling is the woodwork in between all of the stone. >> you're right on the water. >> it's right where the sun comes up, bob. >> and before we go any further, this ceiling is beautiful. >> it is. a lot of custom woodwork throughout the house. >> we're walking into the kitchen area, den area. you know, families live in these areas. >> it feels warm and very inviting. but, bob, you don't come to florida to stay inside. and what really sells this house, bob, is the outdoor-living space. i mean, when you...the minute you walk in here, you notice you have this outdoor kitchen which just invites you out here. there's 5 bedrooms, 6 1/2 baths. a very large library, exercise room. it's two stories.
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the master bedroom is amazing. >> an unbelievable master suite. it has an exercise room, private, covered porch with a serenity garden, and a spacious, walk-in closet with 20-foot vaulted ceilings. >> bob, we could go this way or we could go through the secret door. >> where's the secret door? >> right here. >> get out of town. this is the closet. >> the master closet. >> you know, it's almost cathedral-like. it's almost cathedral-like. what a beautiful, walk-in closet. >> let's take a walk in here. wow. look at that. that is beautiful. >> custom stained glass, his-and-hers bathrooms. >> so we're walking into the -- look at the view out of the master bedroom. are you kidding me? oh. look at this. >> the master bedroom. again, overlooking lake bessie. that's where the sun comes up every morning. >> a library, a private courtyard, two 2-car garages, and four guest suites.
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but the real draw is the expansive, outdoor-living space with a fireplace, cooking area, a unique craft room, and a boat dock. let's go look at the dock. >> bob, you know, when you live in florida, it's hard not to be a boat enthusiast. and when you live in isleworth, it is impossible. >> yeah. this perspective really shows how beautiful the home is and how large it is and all the amenities that goes with it. >> it's very majestic. >> lake bessie is a 183-acre lake, 62-feet deep that is spring-fed and sandy bottom. we're looking back at this magnificent house, and it really does show how majestic it is. >> this house will easily hold 400 or 500 people comfortably. >> quite an amazing view. >> it's a great way to begin and end the day, bob. >> do you show houses on the water like this? >> we probably do two or three showings a week by boat.
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and you have to see the water, the trees. >> yeah. you do. >> it's part of the lifestyle here. >> coming up next in the massi memo, i'll be answering your questions and responding to some of your viewer e-mails. [ woman vocalizing ] it's absolute confidence in 30,000 precision parts. or it isn't. it's inspected by mercedes-benz factory-trained technicians. or it isn't. it's backed by an unlimited mileage warranty, or it isn't. for those who never settle, it's either mercedes-benz certified pre-owned, or it isn't. the mercedes-benz certified pre-owned sales event. now through february 28th. only at your authorized mercedes-benz dealer. but i'm not standing still... and with godaddy, i've made my ideas real. ♪
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every great why a trip back to the dthe doctor's office, mean just for a shot. but why go back there, when you can stay home with neulasta onpro? strong chemo can put you at risk of serious infection. neulasta helps reduce infection risk
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by boosting your white blood cell count, which strengthens your immune system. in a key study, neulasta reduced the risk of infection from 17% to 1%, a 94% decrease. applied the day of chemo, neulasta onpro is designed to deliver neulasta the next day. neulasta is for certain cancer patients receiving strong chemotherapy. do not take neulasta if you're allergic to neulasta or neupogen (filgrastim). ruptured spleen, sometimes fatal as well as serious lung problems, allergic reactions, kidney injuries, and capillary leak syndrome have occurred. report abdominal or shoulder tip pain, trouble breathing or allergic reactions to your doctor right away. in patients with sickle cell disorders, serious, sometimes fatal crises can occur. the most common side effect is bone and muscle ache. so why go back there? if you'd rather be home, ask your doctor about neulasta onpro. >> time now for e massi memo to answer some questions that you guysave e-mailedo me. first up...toni from melrose, massachusetts, writes...
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listen, toni. the last thing you want to do is ever put your children's name on a deed. why is that? because that becomes an asset. let's say, for example, that your daughter, god forbid, causes an injury to someone. if they get sued, once you put their name on that deed, that's an attachable asset. in other words, whoever gets a judgment against your daughter could go after the asset that you and your husband want to preserve. what you want to do is meet with a lawyer that does estate planning. there are ways to set up your estate that will protect any type of taxes and also protect you from any type of liability. get a good estate planning lawyer to help you with this situation.
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linda from orlando writes... okay. this could be what's called a construction-defect case. now here's what very important to understand -- if you have a construction-defect case, it's important that you immediately hire an expert to make the findings as to exactly what was wrong with the house, and then you have to give proper notice to the developer and to the contractor to preserve your position. now there's a lot of lawyers i'm sure in your area that does construction-defect. the good thing about that is, in most states -- and i'm sure in florida -- that attorney's fees are recoverable. so, many times, you don't even have to pay for attorneys' fees up front, and all the costs of the experts are recoverable if in fact you prevail. don't wait on this because time goes against you. get yourself a good construction-defect lawyer
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and get some sound advice. sal from rockville centre, new york, writes... many times when you read your cc&rs, they're very complicated. it's good to get a competent realtor -- or more importantly, a lawyer -- to interpret those to make sure, what is the common area, but most importantly, look to see if there was any prior history of bed-bug problems in the condominium complex. if so, there could be a major disclosure issue, and you have legal rights in order to protect your position. that's it for today. be sure to send me your questions or property stories at propertyman@foxnews.com and check out our website at foxnews.com/propertyman.
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i'm bob massi. i'll see you next week. [ woman vocalizing ] on't want t. good-bye from new york. >> announcer: from the fox studios in new york city this is maria bartiromo's "wall street." maria: happy weekend. thanks for joining us. i'm maria bartiromo. coming up, co-ceo of the carlisle group, glenn youngkin. but we have the fox business headlines of the week. reporter: low market volatility on wall street. the rollercoaster ride started wednesday when stocks took a hit over fears of rising interest rates. the

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