Real Estate Investing and the Mob Mentality
A friend of mine sent me a copy of the Property section of the South China Morning Post during a recent business trip. It seems there’s no end to the abuse the US real estate market is getting in the press, ALL the press. Click on this link to see what’s being said overseas. Chinese [...]
Make Your Goals Match Your Market
I write from time to time about how to size up a real estate investment. We’ve discussed cap rate and gross rent multiplier and briefly IRR. In the multifamily market though it seems there are as many measures of a good investment as there are investors.
Recently we were talking with an investor who is out [...]
Bank Owned Multifamily: FAQ
These questions were emailed to me today after a recent inquirer reviewed the list of bank owned multifamilies:
In the listings, there’s a list price. Is this how much the bank wants or is that the original list price prior to the bank owning the property?
The list price is the ‘ask price’ what we’re [...]
Massachusetts Residential Market Takes a Beating
The Warren Group reported today that Massachusetts housing prices worsened and both sales and values declined substantially again in March (08).
single-family homes in Massachusetts fell more than 10 percent in March, the second-steepest price drop since The Warren Group began recording prices in 1987. The last time prices declined by more than 10 percent was [...]
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 [...]
Starter Investments
Lance has been out there looking at a lot of property. Today we saw a 15 unit that we’ll be putting a video out for later in the week. There’s also an 8 and a couple of 4s. For now I’ve got these 2 families. One of these is a bank owned property that is [...]
Finding Out of State Investment Property
Lately a lot of investors have been talking to me about investing out of state. There are plenty of complications to consider if you’re serious about looking into this but there are probably equally as many opportunities. I find that most of the people who are talking to me about investing in real estate in [...]
I Told You This Was a Good Deal
Well I just wanted to make this quick post for two reasons.
1. The 4-Unit property we recently posted the video tour of is under agreement. We’ll release details later, but the bottom line on this is that the second year cash on cash return with Section 8 rents is nearly 50%, market rents according to [...]
The Clock is Running on this Opportunity
Tiffany Center I and II is set to close December 19th. If you are interested in this premier property time is limited.
Tiffany Center I and II is located in Kansas City Missouri. Tiffany Center I and II is a 152,509 sq. ft. office building that is 91% occupied. Tiffany sits on 7.81 acres, and offers [...]
Banks Are Motivated Sellers
I get the question a lot - “Are they motivated?”. The unequivocal answer to this question with regards to the banks is YES. Are they realistic? They’re getting there. Are they motivated? YES. Once a bank owns property, especially a big bank, they must get this off their books ASAP. When a property has been [...]
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