All Forum Posts by: Greg V.

This person may be right that in his local area the commercial market is saturated but it doesn't mean it's a bubble. It could be at a top but the eminent "collapse" that the word bubble evokes is unnecessary. Deals can be found in that market finding motivated sellers. You just have to price in a conservative lease rate

Sorry John Cormic that comment wasn't directed to you but the larger investment community.

I HATE the word bubble. You should run away from any "expert" that throws around emotional words like that. Talking in hyperbole and gross simplifications are the sign of dogmatic views and should be avoided.

A local broker should know but you might also want to ask a local bank. I'll get my info from them and then get the detailed market analysis in the appraisal. The banks have been pretty dead on for the market cap plus or minus 0.25%

I love investing in the Midwest or what some people call the Great Lakes region. I think you can make just as much money as on the coasts. Less competition, governments are more easier to work with. Just make sure the jobs are growing.

We own office and retail space. For a 10 year lease, we pay $3 per square ft if our broker also represents the tenant. If the broker has their own representation, we pay $2 per sq ft to our broker and $2 per sq ft to their broker. For leases less than 10 years, it's negotiable.

Thanks Brandon Hall I appreciate the info

Just to let everyone know, in my area it's looking like a payback in 4-7 years depending on size and assuming current electricity rates and the 30% tax credit up front. I'm not a solar fanatic but the numbers are looking better and better even at today's low electricity rates.

How does the 30% tax credit for solar on commercial work? I'm looking to put a system on my multi-tenant retail building. I'm not considered an RE professional so my deductions are capped against my ordinary income. Can I still get the tax credit on top of my capped RE deductions?

What type of hotels? Suites, economy, waterfront?