Mar
20
Negotiating Deals
When making offers on real estate put some things into your offer that you can use as negotiating tools. These are extra items that you really don’t care about actually getting in the deal. These items can include asking the seller to pay for closing costs, a home warranty, personal items (furniture, appliances, bear skin carpet, etc.), assistance with financing, etc. When it comes time to counter-offer you can concede and give in on these “extraâ€? items instead of increasing your offer. You will be perceived as a willing negotiator […]
Mar
20
PANIC OVERSTATES COMMERCIAL LOAN RISK
Report: Panic Overstates Commercial Real Estate Risk Staff Report from National Real Estate Investor Mar 19, 2008 2:53 PM A newly released report by CBRE Torto Wheaton Research states that future commercial mortgage defaults and losses could be overestimated threefold. The culprit? Not surprisingly, overreactions in the credit markets are to blame, according to the report. “While prices have been slow to change in the commercial real estate equity market, the commercial real estate debt markets have been driven by increasing spreads, and decreased availability of mortgage capital,â€? states the […]
Mar
18
WSJ CHANGES ITS TUNE
WSJ Changes Its Tune David Bodamer March 11th, 2008 The Wall Street Journal had reported of late of the problems facing commercial real estate looking largely at the CMBX index, which has signaled huge defaults coming. Goldman Sachs also put a report out predicting just under $200 billion in defaults. Yesterday, though, the paper reversed course a bit, reporting that the downturn won’t be as bad for commercial real estate. One thing interesting about the article is that the WSJ used Reis Inc.’s data, which shows that retail development in […]
Mar
18
Do You Have Money for Your Deals?
Can you invest in real estate with no money? The answer is No. Contrary to what you may have heard, when investing in real estate you have to have money or at least access to money. There is no such thing as buying real estate with no money. The good news is it doesn’t have to be your own money and this is why real estate is such an attractive business and investment. So as an investor, you need to make sure you have access to good sources of capital […]