When the Sears Crosstown building was redeveloped it had a massive positive impact on single-family-home property values in the area; chances are the downtown developments will do the same.

If retail or office come available in areas that might make sense and the numbers are right, I will be giving these consideration as well.

At street level there is a 1200 sf retail office space and a separate garage.

I make most of my living from wholesaling, though I do a handful of rehab to retails each year, too.

The property needs to be sold very quickly before it goes into probate.List price is $79,000.00.ARV $173-194,000.00No MortgageCost of Repairs $35-40,000.00My Suggested Contract Offer: $27,000.00 to the sellerMy Suggested Contract offer to the rehabber - $112,450.00 (65% of the retail value)Which is the best way to go with this contract?

So I went into the elevator closed the door and proceeded to take a massive **** on the elevator floor.

The 145K was what I considered retail value at the time, but the financing allowed me to net almost $200 a month per unit on it the first year, which is over 150% return on my money.

As an offshoot of the investment brokerage work I do, I also do some equity investment placement/sourcing, primarily through larger private equity elic Real Estatefirms and occationally through hedge funds.I deal with office, retail, hotel, multi-family and industrial properties.

The young flock here to work.They get paid well and are brought up here to own houses in good areas with good schools....Hospitals and education jobs will always be here.Old money will always remain here.May not be massive growth but too many conservative smart folks staying put here in mass...

In pure economic terms, California is hard to make work given the retail competition and low inventory.