investment: Too many projects not enough time - 10/27/07 06:30 AM
Do you believe that everything happens for a reason?  We can only hope so.
 
I purchased two homes in July and due to poor contractor work have been unable to finalize the "flips" until just a few days ago.  During that time I have witnessed the market lag and fall, and try to climb and lag again.....hopefully my delays are part of a larger plan.   Worst case scenario means rent until I am comfortable with an estimated selling price or sit on stagnant product waiting for the right buyer. 
Have you had similar experiences?  Where, when?  Are you still in it?
Who's got … (6 comments)

investment: Cap rates rising sharply!!! - 10/26/07 08:53 AM
As investors pulled out of the market sellers have been left holding the bag on NNN leases and other retail developments that had previously been selling in the 5-6% cap range.
 Now sellers are readjusting listed sales prices across the country as the amount of investors may have not changed but the interest has waned.  Now clients are asking to find what is available in an 8% range and are unwilling to consider those deals below the 7% range.
Obviously multifamily rates are often lower and many are speculating that due to the gap in housing versus rent costs that profits will rise … (0 comments)

investment: Industrial Growth through the South Sound - 10/21/07 05:07 AM
Employment Rates are on the rise - industrial vacancy rates are extremely low and more industries are looking to relocate into the area. 
This is the word from the Economic Development Council as they continue to assist in the local economy of Thurston County.  I can tell you that it is mind boggling taking a look into the presubmission applications for the year for both Tumwater and Lacey and counting up the square footage of industrial projects currently being pursued.  Now the Port of Olympia is also turning over the remainder of their land to brokers to pursue ground leases and … (0 comments)

investment: NNN Leases - true passivity for the Investor - 10/04/07 08:54 AM
Do you have investors that are getting fed up with their rentals?  The constant calls from tenants asking to fix basic problems?
I've got an answer!!
NNN Leases - The three N's stand for Net with each one symbolizing Property Taxes, Insurance and Common Area Maintenance.
Do you ever wonder who owns that piece of dirt that is now under construction for a Burger King, Carl's Jr. or McDonalds?
Likely the fast food chain is simply leasing the property on a long term ground lease.....and somebody is sitting at home collecting a paycheck.  Many times these leases include increases on annual basis so that the … (1 comments)

 


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