REO and Nonaccrual Construction Loan Balances Skyrocket in Massachusetts
I just completed a study of thrift reports for the commercial lenders in Massachusetts. Bank owned property also known as REO or OREO and non-accrual balances are skyrocketing.
I began this exercise last year as we were “cranking up” the auction business in order to get a feel for what is happening in our local [...]
What is the Real Future of the Real Estate Market?
Listen to the first few minutes of this interview with Howard Davidowitz (at least) “Retail Analyst & Chairman of Davidowitz & Associates on NPR. OK, I don’t want to be Debbie Downer but I consider it to be my responsibility as a real estate investment professional, to report on and disseminate all that I collect [...]
Foreclosures Offer Squeaky Clean Title
I’ve been getting the question about clean title a lot lately while I’ve been showing the Charles Ridge project. People say to me “well jeez, how is anyone going to buy this with all those liens behind the mortgage?”. That is just the point of foreclosure, it offers a collection remedy for the mortgagee and [...]
Local Broker Successfully Predicts Rental Market
Alright the headline is a bit self aggrandizing but last September I wrote a post about about how and why residential rents were going to go up and that multifamily investments are a smart play as a result. Today I get some satisfaction.
CoStar’s Randyl Drummer reports that multifamily investing is a bright spot in the [...]
Who Should Buy and Who Should Sell In This Market? Part I.
There’s so much chatter out there about what’s going on in the market. I thought I’d stop and try to put some numbers on it. If you have owned property for a long time and you’re thinking that you might want out within the next, say, 5 years maybe up to 10, It is probably [...]
This One is Going to Go Fast
This property is a good deal. It was just reduced to $289,900. This is a bank owned 2 family. There are 4 floors of living. The sec8 rents in Malden are really strong. Both units are renovated to different degrees but all the windows have been replaced and the systems look recent. If you are [...]
Making Investment Plays in This Market: Anatomy of a Flip
I got an email from a client recently who mentioned to me that he might be looking for properties to flip and it got me to thinking.
How much do you have to make on a deal to make it worthwhile in this market and have you considered what the numbers have to look like in [...]
Good News in Lending
It has been so rare lately that there has been any good news about lending or the economy that I wanted to point to this article from Boston.com.
3 Things You Must Address in Your Real Estate Investment Business Plan
Have you made a plan for 2008 yet? If you haven’t, you’re not too late but I suggest you start now. Whether you’re just starting out or you’ve been in real estate investing for years, you should have a business plan. Chances are if you’re a real estate investor or if you want to be [...]
Why You Need a Name and a Face on Your Lender
I resolved at the beginning of the year that I would put a name and a face on some of our better local and small regional lender. When you’re in a “credit crunch” or a “crisis” or whatever else you want to call it what could possibly be more valuable than knowing the people who [...]
