Foreclosure rates help you get property at the right price, but you need a market that has anchors to keep people there and enough of them employed.

These types of cracks should be repaired (anchors or kevlar strips) and the pressure issue should be alleviated;- Vertical cracks often indicate a shifting in the foundation, and depending on the cause of the shift and the severity, it may or may not need to be repaired;- The most common types of cracks in my experience are "step cracks" that follow a pattern from top to bottom that look like stairs (over one cinderblock, down one cinderblock, over, down, etc).

They are asking 2,800,000 to which I say they are insane.In a situation like that you have to finish out the space for the tenants,lease concessions for being off the corner and not anchor weighted to drive traffic.Once you run the numbers they are way overpriced.They tell me my numbers make sense but they just can't take that kind of hit right now.So banks go through a process before they are ready to be realistic.The commercial side is very different from the residential side in that the loss amounts are usually much greater to the bank.Big national banks with asset managers have hundreds of files to work and use a listing broker.Typically they take 10% of list price with markdowns every 21 to 45 days depending on the bank.I used to track which banks got real aggressive with list price.Bank of New York Melon would always dump really cheap and other banks would overprice and take a really long time to get realistic.So by collecting this data you know what you are up against when the property hits the market.

You need to see what is the highest and best use for your retail space and go after that tenant.Many landlords just rent to any retail tenant that comes along and that is where the big mistake happens.Most businesses I know are trying to upgrade to the nicest,highest traffic count,with the best anchor for the least cost per sq ft.You need to do much more research than just what you have posted.I agree the numbers are too light.

If you are out of state, this will be your anchor - choose wisely.

anchor Title in Columbia.

A 3 year old strip center that was built for 8 mil was just sold for 1.2 mil once they lost their anchor!

Www.wambamfence.com Can be installed with a minimum of knowledge using metal anchor poles.

Who is the anchor, the best most solid tenant, will a bank fit?

If you get into one of these instead of helping, it will become a big anchor around your neck that may pull you under financially.