Finding distressed commercial properties in a healthy economy?

[Patrick Philip]

I talked to a commercial broker asking him if he had any commercial properties I could "flip." He said that since the economy is so healthy right now, there are no distressed properties on the market. He said the foreclosure and short sale markets have dried up.

Is this accurate? What statistical measures are there of a "healthy" economy? Where can I go to find distressed commercial at a time like this? I would love to start flipping hotels, office space, retail, apartments, etc.

[Joel Owens]

Good luck with that. I look at about 1,000 a week for clients. I only work with buyers who send financial statements so I can see capability.

Buyers have to demonstrate they are paying all cash or they have funds say buying 3 million property and they have 750,000 down and get a regular loan for the rest.

There is an incredible amount of wealth out there right now.