Author Profile: Ernie M. Eden, S.E.C., CCIM

Biography »

Ernie M. Eden, S.E.C., CCIM (Atlanta, Georgia) is the owner and broker of Eden Realty Services, based in Atlanta, Georgia. Mr. Eden specializes in brokerage and exchanging of income properties, and in the development of multifamily affordable housing. His market niche is in workforce housing and cooperative housing, utilizing Low Income Housing Tax Credits, Historic Tax Credits, and other specialized federal, state, local and quasi-governmental financing tools. He is a Certified Commercial Investment Member (CCIM), a former president of the Association of Georgia Real Estate Exchangors, and has been Georgia Exchangor of the Year.©2008 The S.E.C. Real Estate Observer

Publications »

The Hidden Profits in Apartments
By Ernie M. Eden, S.E.C., CCIM
Posted in Fall 2006, Society Columns on 17 Autumn 2006
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The traditional sources of profits in apartments, as in most other types of real estate investment, include cash flow, loan amortization, tax shelter through depreciation, and appreciation.
But in apartments there are some potential additional sources of profit we should not forget.
Miscellaneous income -
Laundry - The most common miscellaneous item included in apartments is income from [...]

Due Diligence for Affordable Housing
By Ernie M. Eden, S.E.C., CCIM
Posted in Autumn 2005, Formulas and Strategies on 17 Autumn 2005
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If you are thinking about getting involved in a multifamily affordable housing transaction, there are a number of due diligence items you will need to include in your investigation that are not typically checked out in a conventional transaction.
The Low Income Housing Tax Credit Program (also known as the Section 42 housing program), is a [...]

Federal Tax Incentives in Renewal Communities
By Ernie M. Eden, S.E.C., CCIM
Posted in Formulas and Strategies, Winter 2004 on 16 Winter 2004
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The 2000 Community Renewal Tax Relief Act authorized the creation of the Renewal Community (RC) Initiative, designed to stimulate economic development in the nation’s most distressed communities. Through this initiative HUD designated 40 of the most distressed communities as RC communities, and Congress provided them with more than $5 billion in tax incentives that will [...]