I think there will be bloodbath in commercial real estate, not so much in residential. It's already started. The WSJ reported this week that RBC bank was trying to fire sale $600B worth of property this week that it...
Anyone have any experience with collapsed chimneys? I have a 3-story triplex in Pittsburgh under contract that has a collapsed chimney. I'll be getting quotes for repairs and renovations but just curious what others h...
This is an interesting article which I think we all hope does happen so that our loan portfolios don't all default. Buy hey, if it does, some great bargains in a year or two....https://finance.yahoo.com/news/real-esta...
Hi All,I purchased a distressed property where I was able to get a good discount on due to condition.One of the issues in the house is the house has two major roof leaks, that caused the ceilings to collapse in a bedr...
Fellow BPers, I usually don't look much into Commercial RE, but I found this article by Andrew Syrios (link below) to be very interesting. Projections of greater than 50% vacancy in some downtown office markets?!?! Th...
1) Not keeping enough reserves. Big expense hits and owner cannot handle it
2) Fix/flip - unforseen repair needed. Too many deals go bad.
I'm curious to hear how RE empires go down during recessions.
Embracing Change and InnovationIn the realm of real estate, a transformation is underway. The traditional role of the realtor is evolving, perhaps even facing extinction, as artificial intelligence (AI) and innovative...
These are current headlines. Although I don't think a collapse is imminent, I'm buying properties "off market" that have equity just to safe. I've seen several ups & downs of the housing market over the years and ...
I have two C-class properties, no mortgage. I paid about $120,000 for both of them.
I also have a B-class property. Cheap mortgage, with balloon payment of $140k due in 2 years.
The B gives easy, stable, and r...
I have a 4plex under contact for $148k at 25% down at 30 year fix rates at 4.25%. I will call cash flow $550 a month. RIO is 15%. I know this is a good return but want to know if I should wait a few more month as I kn...