Not all that long ago people were investing in real estate that had no idea what cap rate or cash flow had to do with it. A cap rate of 2 or 3 was fine since all that mattered was being able to leverage into the building for three years and get out with 30% or more appreciation. Stated income and adjustable rates and interest only causing many of those folks with multi family buildings to be up side down now or looking at loosing the buildings. So place an ad that says......
Do You Own Multi Family Housing posted: January 24, 2008, 02:52 PM
Reply: mailto:dpuntiga@charter.net?subject=Do You Own Multi Family Housing
 |
Are your rents paying your expenses?
Is your cost of financing increasing faster than your rents?
Do you enjoy doing your own property management?
Is your property still appreciating?
Are you getting full benefit of depreciation or is your tax cost basis too low?
If you have doubts about your real estate investment call me.
|
Well, we have the tools. Get them to refinance. If there is hardship work a short sale to avoid foreclosure. 1031 is always there to freshen the investment portfolio. Tenant in common situations sound perfect. Let the mind run and see what are the possible advantages of getting the tenants together in a building and set up a TIC situation for them to buy the building.
i always liked the huge professionally managed NNN Tics. Nar and the SEC are still squabling over that and in the mean time even though passive ownership is supposed to be a security it seems both are available. It would also seem that if an investor wants to keep his cost basis up to date every seven years or so it will not be easy. It would also seem that I should recognize a situation where it is best for my client to be in a REIT instead of the real estate.
I need to learn more about this. If you have experience share with me.
;)
;)
