Are you opening yourself to a lawsuit? - 11/21/07 06:23 PM
As we move to a more litigious society and people are suing everyone for anything does it hurt to take some precautions?  Of course everyone agrees the answer to this is NO, of course not.  We will mitigate our risk however we can if it doesn't cost alot of money.
As investors to multifamily or commercial properties you could be opening yourself up to a whole host of issues depending on how you take title.  Obviously as agents we are not lawyers and must not try to act as such, but wouldn't we be neglect in our duties if we didn't at … (11 comments)

Commercial Vs. Residential One on One - 11/20/07 12:20 PM
Often I am asked about how my job as a COMMERCIAL agent differs from associates in the residential world of real estate.  Generally speaking they don't mean the lending structures, the business aspect and/or any of the nitty gritty details of each deal.  People want to know, what do I do differently in my day versus my counterparts.
I can tell you the single largest difference is my job is not only that I work business hours like a banker but that my job is BLACK and WHITE.  Completely, honestly in many ways my job is easier although I have to wait … (4 comments)

Is commercial real estate in danger of the credit crunch? - 11/20/07 11:56 AM
Depends on who you ask is the simple answer.  Many commercial analytics are showing a property decline in parts of the country, although others are showing a general increase.  No matter who you ask the answer could be different depending on how they evaluate their data.  Apartments have decreased, Retail property has increased, Industrial sites have increased, Raw Land has decreased - but some raw land is classified residential in some studies even if it is development land for subdivisions.
The value of commercial real estate as a whole, which nearly doubled in the past seven years, is now starting to decline … (1 comments)

Are you ready to negotiate your commercial lease? - 11/19/07 10:22 AM
Various types of leases exist - completely understanding the differences between NNN leases and a gross lease can be extremely important. NNN Leases - true passivity for the Investor will help to explain a portion of the NNN lease.  Once you understand the type of lease you are putting together then you must put together a few other pertinent details.
Prior to negotiating the terms of a lease, outline thoroughly provisions that would promote your business. Before entering into a binding contract, decide the term of the lease;
A short term lease yields flexibility and more leeway to change your demands after a given period. … (0 comments)

Pacific Northwest Region Still Soaring - 11/18/07 11:49 AM
Recently published in the Seattle Times was the Urban Land Institute and PriceWaterhouse survey of landowners, developers, lenders and other industry professionals and the Seattle market is still booming for commercial Real Estate.  In fact they predict this to be the 2nd best commercial market EVER!!
Here's an excerpt from the article -
The experts ranked Seattle second only to New York City in overall prospects for commercial and multifamily investment and development. Seattle placed first in industrial, office, rental apartment and for-sale home development, and second in retail and hotel development.
"Seattle is developing into an exciting 24-hour city smack-dab on key Asian … (1 comments)

Guitarist suing Real Estate Agent - 11/16/07 06:53 PM
Type in "Real Estate News" into google and the first story you get to read about is guitarist Slash (Saul Hudson) suing their real estate agent and his broker for allegedly lying to he and his wife about size of the home, whether the street is public or private and that title information was withheld from them.
How can you not deduce for yourself if the road is public or private? - Why is it his agents fault regarding size? shouldn't that have been disclosed in the listing as to buyer's satisfaction?
 Why is it that negative news gets such a great placement … (6 comments)

What is a TIC investment property? - 11/15/07 04:06 PM
Tenant-in-Common real estate investments offer investors the opportunity to share in the ownership of large properties such as shopping malls, office buildings, and housing developments, as well as multi-million dollar industrial complexes. This investment structure is designed to allow you to invest in institutional quality real estate without having to buy the entire property. Differing goals can be accomplished by using this method such as a steady stream of income or aggressive appreciation depending on the product.
According to IRS guidelines, no more than 35 investors may take part in a TIC property. TIC investors have a fractional deeded interest in a … (5 comments)

Commercial Investing Simplified with a NNN Lease - 11/14/07 10:36 AM
A triple net lease, sometimes called a net-net-net or an NNN, is an agreement where the lessee agrees to pay a net rent and a series of other fees for the right to use a piece of real estate for an extended period of time. In addition to a monthly rental fee, the lessee agrees to pay all taxes, insurance, and costs associated with repairs also known as common area maintenance. Many large national retail chains participate in triple net lease agreements in order to avoid making large capital investments. These companies prefer to keep funds liquid for other investments. A … (0 comments)

NO it's not too early to come up with Christmas Presents - 11/12/07 01:01 PM
Great Gag gifts the entire family can enjoy!!  Do you have that oddball uncle who enjoys getting the gag gift every year?  Last year it was a moose that poops Jelly Beans, the year before he got my mother combat boots.  It never ends, so this year I thought I'd try to get prepared....I'm searching out Christmas gag gifts.
Here is my current list - and I'm hoping you can add to it as we look for the best option!!!
GIFT NOT INCLUDEDI bought two AA batteries, put them in a box with a note saying "Gift not included"HOME EXERCISERThe home exerciser is … (2 comments)

Will Commercial Real Estate follow the Residential Decline? - 11/10/07 12:45 PM
Depends on who you talk to, however the short answer is NO and here's why.
Each are affected differently, and following is a brief description.
  The market value of commercial real estate is determined by the state of employment and interest rates. Commercial real estate is a business with a profit and loss statement. Hopefully, that profit and loss number is positive and provides cash flow. That number is then transitioned into a capitalization rate and is used as a comparison against other yields of equities and debt.
The value of residential property is also determined by employment and interest rates. However, there is no … (7 comments)

I am buying right now! Why aren't you? - 11/09/07 03:44 PM
THE SPIN IN YOUR MARKET SHOULD BE AS UPBEAT AS THIS PICTURE!!  You should be writing tales of positivity.  You should be bouncing off the walls like tigger!! Are people coming up to you asking you why you are so happy?  THEY SHOULD BE.
Make em wonder - why is this person in real estate in such a horrible market happy?  BECAUSE IT"S NOT HORRIBLE SILLY!!!
 Are you buying homes for real?  Yes I am, and right now is the perfect time to get moving.....remember the article that Tracy Thomas from Calabasas did? Pin The Tail On The Bottom Of The Market - pay … (6 comments)

The Twin Powers Unite to fight GLOBAL NEGATIVITY!!!!!! - 11/09/07 10:39 AM
Just recently two relevently unknown real estate agents took on the world with their blogs.  Very similar to the heroics of Batman and Spiderman these two have taken the world by storm and don't plan on stopping anytime soon.  As of Nov. 5, 2007 these two agents have decided to take on the world media and negative press by blogging constantly about the positives they can find in the market.  Beware of two masked typers in your local area soon.
Pieces of both blogs are available here - Bring on the Positive, I LOVE my job right now! by Renee Burrows and … (6 comments)

Positive Real Estate News - 11/08/07 11:15 AM
I SAW A POSITIVE STORY ON THE FRONT OF BANKRATE.COM's WEBSITE!!!!!!! YES A POSITIVE ONE!!!!! AND YES IT WAS ABOUT REAL ESTATE!!!!!  CAN YOU BELIEVE IT???
I had to read it twice....but my previous blog - Is it turning? or do we just hope it is? has also received many positive comments from other industry professionals that have noticed the same thing!!
THE BOTTOM IS COMING.......and when it turns it may trend upward quicker than expected.  Those that get in early will stand to make the most.  The article on bankrate stated that new home sales are actually up from last month, albeit slightly, even though … (7 comments)

Is it turning? or do we just hope it is? - 11/07/07 11:25 AM
Recently I've noticed a change in the blog mentality here on activerain as well as other sites.  Many of the mortgage brokers are starting to see stated income products coming back online as well as other "responsible" options that were temporarily unavailable.
The inventory numbers seem to be changing nationwide - not certain if they are being sold or if sellers are pulling their listings in favor of renting.  Either way as the inventory normalizes or reaches lower levels the bottom of the market is eminent.  Will it be tomorrow?  UNLIKELY, but it is changing.
Get your buyers and investors ready.  Things will … (16 comments)

Why Blog? Do you do it for you? - 11/06/07 09:58 AM
I recently read an article that stated most agents blog to market themselves within their local market.  So why do we blog on a social networking site that gives us points? 
Do the agents with more points get more marketing time?
YES!!!!
This is likely something everyone here has thought about but the more blogs you have the more chances you have to be caught in a search engine.  The more social networks you have the more likely you are to get referrals.  The more respect you might have in a community could lead to further business as you have blogged about the state … (14 comments)

How to receive 6000 points without blogging for 3 weeks!! - 11/05/07 09:51 AM
shh!!!  This is the secret that the rest of active rain doesn't want you to know.....they award points completely different than most people think....25 pts for comments sure, but did you know that you can get 6000 points without even trying?
It's very simple, but you've got to do it exactly the same way everytime otherwise it won't work!!  What they don't tell you is that instead of writing 10 blogs a week for 3 weeks to get your points you can do it another way....one that very few people are taking advantage of.
INVITE YOUR FRIENDS!!!!!!!!
Every little invitation can get you more … (12 comments)

Will your shopping mall be next? - 11/03/07 11:58 AM
Are your big box and power center retailers going out of business?  Would you live above your local grocery store?  Are you a mixed use proponent?  WHAT IS MIXED USE and WHO KEEPS ON MIXING IT?
 As you drive through your market you have begun to see many mixed use examples, but what are they?  They seem to be popping up in urban as well as suburban areas and succeeding according to the International Council of Shopping Centers.  BUT WHAT IS IT?
  
The term refers to developments that combine elements of residential, retail, office and entertainment.  These projects are often advertised as the … (0 comments)

1031 Like Kind Definition and Examples - 11/02/07 10:04 AM
As I've been placing further 1031 information on the web I've received numerous comments and questions about what like kinds of property are and how might they be able to use 1031's for them.  Well here is the definition from the IRS and let me also give you a few examples.
Like-Kind Property
Properties are of like-kind, if they are of the same nature or character, even if they differ in grade or quality. Personal properties of a like class are like-kind properties. However, livestock of different sexes are not like-kind properties. Also, personal property used predominantly in the United States and personal … (4 comments)

Multiple Property Exchanges in a 1031 - 11/01/07 12:47 PM
 
Often times our investors come to us with questions about how to identify, how many they can identify and how many they can exchange when dealing with a 1031.  Based on the IRS code here are some of those answers in short form. 
Is there a limit to number of properties that are identified in the 45-day period?
You can identify more than one property as a potential replacement property, but be mindful of the rules. You can identify up to three properties without regard to fair market value. Or, you may identify any number of properties provided that the total value does not exceed … (1 comments)

 

Ryan Haddock

Olympia, WA

More about me…

Kidder Mathews

Address: 108 5th Avenue Suite 102, Olympia, WA, 98501

Office Phone: (360) 596-9151

Cell Phone: (360) 480-6680

Email Me

Daily nonsense from Olympia Commercial Agent specializing in Land Development and Leasing. Washington Commercial Development and Leasing assistance. Olympia Commercial Real Estate Advice.


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