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All Forum Posts by: Michael Sweitzer

Michael Sweitzer has started 3 posts and replied 9 times.

Post: Master Lease

Michael SweitzerPosted
  • Real Estate Investor
  • Rye, NY
  • Posts 45
  • Votes 3

I've been in the commercial real estate sector for 20 years -starting when I was 18. I continue to run a brokerage firm out of NYC and seeing the ups and downs in the market over the years -right now is by far one of the most amazing economic shifts ever. Maybe the worst we ever see. However, as in any down market, Millionaires will be made. During the great depression, more Millionaires were made than in any other time thus far in history.
I have myself utilized the Master Lease to control property (commercial and residential). And I'm currently looking for commercial opportunities. However, one should tread lightly as there are properties one should steer clear from and others that are quite opportunistic. Ideally, property that is distressed, has heavy vacancy or is mis-managed are ideal. Good property in decent to great markets is what you should be looking for. Sellers who have owned their property for a number of years and have little debt is also ideal.

Lots of money to make if you can be a creative thinker. Always look outside the box.

Feel free to respond. I'm in the New England area.

Post: reassigning pre-construction unit

Michael SweitzerPosted
  • Real Estate Investor
  • Rye, NY
  • Posts 45
  • Votes 3

MY partner company is a bulk-buyer of condos and townhouses nationwide and abroad. Just because a property isn't built yet, doesn't mean it wont be. Who said it wont be built? Has the developer given word that it wont be built?

Be happy to answer any questions about the re-assignment. We do this day in, day out. We also have room for other investors on many projects we have engaged.

Post: Looking for lender for my investor

Michael SweitzerPosted
  • Real Estate Investor
  • Rye, NY
  • Posts 45
  • Votes 3

Where is the property located? What type of property? Whats the LTV he's looking for?

What are the other properties he owns? Do they have debt on them as well?

Michael Sweitzer
Heritage Estates Commercial, LLC

Post: Book "Secrets of the Millionaire Mind"

Michael SweitzerPosted
  • Real Estate Investor
  • Rye, NY
  • Posts 45
  • Votes 3

After you read the book... go to the seminars!! Thats where you learn much more.

They are phenominal.... no nonsense and all on the money when it comes to dictating your financial blueprint.

Post: ATTEN: NYC Residential Building Owners -OPPORTUNITY

Michael SweitzerPosted
  • Real Estate Investor
  • Rye, NY
  • Posts 45
  • Votes 3

Attention: Residential Building Owners of New York City

Beyond the Shelter....

Opportunity for a Good Cause...

A program that means more than assisting those less fortunate….

It’s a humanitarian effort to prevent homelessness.

Steady, On-Time Payments… each month with an initial three (3) months rent up front.

We work closely with many New York City building owners day in, day out offering ‘Good People’ a two (2) year commitment to provide them with a roof over their head.

This is not Section 8

We need your Vacant Low to Moderate income apartments in all Five Boroughs of New York City

If you have Vacancies you need to fill... please call one of our staff members.

Principal Owners Only Please

Michael Sweitzer, Managing Director
Heritage Estates Commercial, LLC
347.721.9838 Ext 705
347.885.9177
[email protected]

Post: Single Family Homes

Michael SweitzerPosted
  • Real Estate Investor
  • Rye, NY
  • Posts 45
  • Votes 3

It will really be based on the design of the home, products and amenities utilized.

You can possibly receive some incentives from city, state or govt. Tax incentives also.

Would you be interested in selling the development site??

Michael Sweitzer
Heritage Estates Commercial, LLC

Purchase Order Funding for
Manufacturers and Construction Industry Professionals

Specializing in funding Purchase Orders and Projects in these areas
Industrial / Manufacturing Government
Construction Retail and Apparel
Direct Shipment Service Contracts

Directly funding project costs for:
Deposits - Raw Materials - Components and Sub-Assemblies Project-specific Labor - Finished Goods -
Overhead - Direct Manufacturing - Shipping - Letters of Credit - Letters of Guarantee- Capital equipment and More

Heritage Estates Commercial, LLC
Commercial Advisory Services
347.721.9838 Ext 705

Post: Hotel to condo conversions

Michael SweitzerPosted
  • Real Estate Investor
  • Rye, NY
  • Posts 45
  • Votes 3

Sam

There is money just as long as your acquisition costs, hard & soft costs allow you to make a profit at the end of the day. You also have to file for a condo map (usually approved by the Atty Generals Office in most states). You will have some lead time also, so you have to be able to sit on the deal unless your buying something with the condo approvals in place.

Post: Tampa Florida Development Opportunity

Michael SweitzerPosted
  • Real Estate Investor
  • Rye, NY
  • Posts 45
  • Votes 3

Approved Residential Towers in the Heart of Tampa Florida.

Principals Only Please