Cap Rates on Commercial Property Fall for 10th Consecutive Quarter
As reported by LoopNet -According to Commercial Real Estate Direct, Returns from institutional investors’ commercial property holdings increased in Q2 to 4.59%, up from Q1. Meanwhile, cap rates on the holdings dropped to 5.48%. The numbers are based on the NCREIF Index, which tracks more than 5,000 properties. Investment returns were [...]
Watch this blog for our REO deal of the week.
Right now we have a 4 unit property going through a rigorous analysis. At first blush it looks conservatively like a 100% return (double your money) by month 26. Check back for the complete package later today or tomorrow afternoon.
Year-to-Date Auction Announcements Up 165 Percent
The Warren Group reported today that notices of default continued to rise in Massachusetts in July. This is the 18th straight month in a row that foreclosure notices topped the same month the year prior.
What’s more is that the report says that more of these notices are making it to auction. If you’ve read this [...]
Mortgage Update: Small Investors Forced to Regroup
If you’ve been shopping for non-owner occupied investments in the 2-4 unit range its time for a pre-approval check-up. There have been wide spread reports of otherwise well qualified and previously pre-approved buyers getting completely shut down midway through a transaction - even after a recent pre-approval - even with good credit - even with [...]
Investors Are Saving Thousands Buying Bank-Owned Properties
It seems the tide is definitely changing when it comes to dealing with banks and [tag]bank-owned property[/tag]. For a number of months it seems lenders were in denial about just what sort of a haircut they should be expecting to take on the properties that they’re marketing. No more.
On the one hand I hate to [...]
Bank of America’s Realtor Survey for July is Available
Bank of America’s [tag] July Housing Survey [/tag]is out and I’m sorry to say that it’s more of the same. I suppose the highlight of the report is that traffis was “what realtor’s expected” but then I think that begs the question…’what did they expect’? Beyond that, home prices fell further and Days on [...]
