This is an excellent time to be thinking of a real estate investment. Local lenders are still lending at excellent rates. You can make 2-4 % on the Bank’s money and 8-10% on your equity. Try that in the stock market right now.Area banks have plenty of money but want 20-25% down. They are [...]
Archive for January, 2009
Improving your returns in 2009
Interest rates are near historic lows creating excellent opportunities to buy or to refinance current properties. We are seeing 6% or less Loan Rates with 5 to 10 yr. balloons and 25 yr. amortizations. If you don’t refinance, we suggest you ask yourself a couple of questions.
1-Am I earning a market rate of [...]
Expense Creep is it costing you thousands!
We are amazed at the number of owners we meet and find they haven’t really paid close attention to their expenses.We see owners let rents settle, property management fees creep up and utilities increase. Many owners just go by each month happy they’ve put some money in their pocket and they say “I’m paying the [...]
2008 a year we’ll never forget!
Just a short year ago our newsletter stated “multifamily market indicators are shooting up” and they’ve only become stronger in the past year! You’ll see on the back of this publication we’ve sold a number of properties and there will be many more transactions in 2009!
With the collapse of both the financial and mortgage [...]
