Class A Commercial Properties Trading at Below Half Price

Posted by admin on May 11, 2009 under Good Info - Read It | Be the First to Comment

It was pretty well publicized when just last month the John Hancock Tower in Boston sold for just over $660 million – when the previous owners paid over $1.3billion for it in 2006. Now more news of other premium classs A properties in major metro areas having similar fates, and investors are showing restraint at picking up these propertis at even half price: Read more of this article »

Buying Commercial Real Estate With No Money?

Posted by admin on May 5, 2009 under Good Info - Read It | Be the First to Comment

Not likely.

Everyone has been conditioned to actually believe there are tons of deals to be had out there for nothing…It seems like everyone has a story about  a brother-in-law, cousin, best friend’s ex-roomate, and upstairs neighbor that has purchased, and “flipped”(how much does everyone hate that term now…haha) some real estate with zero money. They love to tell about the house they bought on a 100% mortgage, remodeled on a 0% credit line at the local home improvement warehouse, and sold for a $20k rip.

Well, at the base of everyone one of these stories is a kernel of truth, and if the base truth is 50% as good as the final story then it is reasonable to believe that some of these people actually did make some money on real estate investments with very little of their own hard cash. Read more of this article »