After reading books like the “Millionaire Real Estate Investor” by Gary Keller, and “HOLD”, by Steve Chader, Jennice Doty, Jim & Linda McKissack, the general train of thought seems to be buy the property with no less than a 10% below retail to achieve instant equity.I’ve been experimenting with some scenarios to see what my best offer might be on a deal.

Some Updates On Texas real Estate From Recon.IKEA assembling first South Texas Store In San AntonioWeitzman will develop Live Oak Town Center, an 830,000-sf retail center anchored by South Texas' first IKEA.The project at the southwest corner of I-35 and Loop 1604 will include the 300,000-sf IKEA and 530,000 sf of other retail space.

I consulted with my retail RE agent @Jordy Clark and he suggested I just do a little cleanup and put it right back on the MLS, because the spring market "is so hot."

I always cringe when I read these massive savings, sure its great now, but how did you survive overpaying for identical coverage by such a wide margin? 

The manufacturers in the industry don't sell to individual retail buyers, they sell through authorized dealers.

May be small now, but gaining massive traction.

Among the biggest projects anchoring the boom: The $524 million Bucks arena.Northwestern Mutual's $450 million office tower and $100 million apartment high-rise.The $137 million BMO Harris Financial Center office tower.The $122 million Couture apartment high-rise.The $80 million conversion of the Warner Grand Theater into the Milwaukee Symphony Orchestra's performance hall.The $50 million Westin Hotel.Large projects already completed over the past year include the $101 million 833 East office building, the $53 million latest phase in The North End apartments and retail development, and the $52 million Kimpton Journeyman Hotel.Finally, there are several new and ongoing downtown-area developments below the $50 million mark, including apartments, offices and hotels.Of course, Milwaukee has it's challanges too.

Agents that operate at the retail/home buyer level are like the general public, "Oh, you can fix that house for $10-12 grand, easy!"

And I'm not talking about those who sell office buildings or retail strips, but many major MSAs have brokers that only sell apartment buildings.

Even though I have a crew, I tend to put my retail buyer properties on the back burner for a month or so and focus on the properties that I will wholesale or keep as a rental