I got the question the other day, “where do I go to raise $50 million to create a distressed properties fund?”
Is may sound snide, but I’m thinking, “if you have to ask…maybe you’re not ready to manage $50 million yet?” My observation is that those who have a track record of success acquiring property, creating […]
The pool of commercial lender owned real estate (or real estate owned - reo) Much foreclosed commercial property today was encumbered by a CMBS loan (i.e. securitized, conduit loan). When CMBS loans go into default, a third party called a special servicer takes over. There is a small handful of special servicers nationwide assigned […]
Here’s a how-to. Let’s say you’re going to start with duplexes….
I’d pick a particular neighborhood that interests you — or cal it a submarket. I’d build a conclusive database of duplexes and four-plexes in that neighborhood. This will take some driving around. pick small enough a geography to start off with so that you’re not […]
I’m now using Act! as it is the only software my company supports. stay away! so slow, so buggy, very poor.
I formerly used REA! (www.gorea.com) and found it to be very nimble, fast, and functional for developing a relational database linking properties to owners, creating groups, and doing targeted marketing. I loved it.
When I […]
again a linked in question, answered by me:
Here are three options to try. I haven’t used any but the costs aren’t too high so it might be worth experimenting with each:
www.TenantVerification.com
www.E-Renter.com
www.1-Background-Checks.com
If you’re a real estate broker (or any other kind of sales professional for that matter), you ought to google yourself periodically. Many if not most prospective clients are doing this to you. What does your internet presence look like? Anything embarrassing out there, from the obvious (provocative pictures) to lesser offenses? make sure you […]
My answer to a linkedin question:
The American Seniors Housing Association generates a range of reports that you might find useful, albeit at a cost.
Links:
http://www.seniorshousing.org/Bookstore/ […]
I use any number of means to market my commercial properties: costar, loopnet, google base, craigslist, washington post ads, direct mail, email blasts, cold calling, etc. etc. When it comes to selling buildings, there’s still nothing that beats brokers.
When I market empty buildings, I need to reach out to cooperating brokers. Larger users of space […]
I have a client that posts his commercial properties twice a day to craiglist to ensure they remain that the top of the list.
This is against the terms of service (TOS).
That said, I believe it is ok to cancel and repost listings every 48 hours.
I find with craigslist that being at the top of the […]
I list my warehouse for sale in craigslist. I get my share of wackos, but also some great leads. Consider using it.