big Mel  how do you structure these transactions one cannot just buy a hotel room in the US… are you doing a condo and selling the individual rooms as such.. Or are you just selling an interest in a 501c type offering   can you elaborate for the general public      thx

Carrington   One of the first hedge funds to enter the sfr market is now exiting

thenreasons they site is :

1.   Returns never matched proforma's 

2. Property management  (headaches).  They did not have management in house

3. Price increases

4. Rehab over runs and much higher maintenance and vacancy factors than were…[Read more]

Nigel

4 units and under in a block is not commercial,  5 units and up is commercial 

Richard,

there ya go. Wamu and country wide making these investor loans in crappy and non sustainable markets,

where are wamu and CW today?    OUT OF BUSINESS WITH BILLIONS IN DEFAULTED LOANS!!!!

Nigel my point exactly and I made that point over a year agos

How to deal with real estate agents.  That's easy give them a big hug

Disagree. If its vendor financing then take a walk no worries of credit problems or deficiency judgement that could beinformedinformed

Net cash flow of 14 to 17 %.      Not in today's market unless extreme high risk.  See many post of those losing there rear ends

Class action suit against a proprty manager is the height of follie….

buy cheap ghetto props and this is what you can expect… Here Nigel and I agree.

New York is not a mail in the keys state. There are 12 states in the US that are though and only for owner occupied, every state in the US has the ability to sue on the note.

My guess is this is a vendor finance transaction. Not confident any lenders exist in such a terrible market as buffalo,,, here Nigel and I agree… Although I do not agree…[Read more]

Our PDX market is as hot as 2006 right now.  Our values on the medium did not crash like most of the US… But we are a 3 to 6% net yield market.

i think the major difference right now is the preponderance of cash sales. Hard to bubble if props have no debt.

i had a great sports year though.  giants win it all 49niners in the superbowl and…[Read more]

Ah what is better invest in a market that got crushed and is poised to bounce back massively , or a market that never really fell a lot but may not rise eieither I think the stats John points out are great… But Texas has no shortage of land so sprawl is the name of the game there

A means toan end instead of losing the deal.  No?

1031 buyers are under pressure to complete there transactions….and are not a good indicator of market conditions 

i agree with freckle on the anchor tenant comments…. Cap rates on commercial follow the risk reward curve… Like here in Portland were I reside multi family trades at 5 to 7 caps but vacancies are less than 2 %.   Get what you…

Pretty tough to do from afar

Are there no hard money lenders in oz?

Good job Peter 

What about sink holes?

Investors need to realize some cities are BO'S.  beyond salvage, functionally and economically obsolete

Cheeves.     After my giants won the pennant I got busy,,,, good to see Balt. Coming out strong this yeyears have been doing some mez financing in fla.   along with a longer term financing play… Hope all is well in your world