As the economy shrugs off recession fears with unemployment hovering near record lows and the stock market continuing to heat up there is one major byproduct that could be impacted, mortgage rates. There was a ton of bad news…
Analysts at Goldman Sachs Group Inc. recently announced that commercial properties are overvalued by 16%. Shortly after Wells Fargo Chief Executive Officer Tim Sloan went on television, saying some deals looked “frothy” and that his bank was pulling back. (Bloomberg). …
Accurate data is critical to make the right decisions in commercial real estate. If you’ve missed the news, Costar bought Loopnet and their key competitor declared bankruptcy. In the past you could access inexpensive property comparables through Loopnet for about…
I know this sounds pretty crazy that a mushroom should be your guide to real estate investing. First, put the magic mushroom down! I’m not talking about actually consuming a mushroom. Do you know the mushroom theory? I think…
No I’m not crazy and I don’t subscribe to conspiracy theories. But, as we speak the value of your commercial real estate is being “changed” by the federal government. This is not a joke; the federal government is making your…
Like many of you I had a “rocky” ride in the last real estate recession and successfully learned many “million-dollar” lessons that were very painful. One of the key takeaways from the last recession is that risks lurk in plain…
First, Happy Halloween. I hope everyone has a safe and fun Halloween. The pic above is yours truly in a blow-up dinosaur costume I got for 25 dollars. Quite a steal! It is crazy to think that my purchase…
This weekend I was asked to lend on a file in Colorado. The borrower mentioned his zestimate was 250k. I was intrigued because the house was not in the nicest area. His zestimate value sucked…. Zillow also thinks it sucks…
Want to close before you put on the bathing suit and attempt a cannonball or whatever “trick” the guy above is attempting? Annoyed by the games of other lenders promising the moon only to find out later that they aren’t…
5 red flags when evaluating a commercial transaction I hope everyone is off to a great spring. Now that the weather has broken the real estate market in many areas continues to heat up. I personally go in and…
