Comments on: Turning Distressed Commercial Properties into a New Business

By: lance shutter

lance shutter — Thu, 19 Feb 2009 23:19:18 +0000

Well done informative but I have to say not all markets are distressed. In our market, in Madison, Wisconsin, home of U of W, State Government and County seat as well as heavy Biotech distressed is not a apt description. A bit sluggish but steady with still nice CAP investments. The old adage, “location location location” Investors need to look beyond their own backyards. Thanks and keep informing

By: Dike Drummond

Dike Drummond — Thu, 19 Feb 2009 20:40:44 +0000

There are a lot more distressed owners out there right now than truely distressed properties. Just like lots of residential owners can be in distress … even though the house is quite nice … many Commercial Owners need to sell and yet their properties don’t need much of a tune up to cash flow nicely.

Add to this the notching down of sales prices and you can actually reset the profit meter on many Commercial Projects when you buy them at the discounted prices we will see in late 2009.

Just waiting for the credit markets to loosen a little.

My two cents.

By: Mark G

Mark G — Wed, 18 Feb 2009 17:30:55 +0000

I just noticed that http://www.loopnet.com recently added a distressed property search to their website. It’s not highly visible, but you can find it under search properties for sale. This is most certain to be a growing area.

By: FG

FG — Wed, 18 Feb 2009 10:43:43 +0000

This is mainly due to the establishment of new guidelines issued by the Reserve ..

By: Mark Meyers

Mark Meyers — Wed, 18 Feb 2009 02:23:32 +0000

Hi Dave,

Thanks for the info. This company and companies like it are probably about to get a fresh batch of clients. The new commercial real estate investing course by Jason Gilbert called “Commercial Millions” just launched. This course focuses one investing strategy on working specifically with these “distressed” properties, fixing the management and/or marketing issues and cashing in with a number of exit strategies.

Thanks and have a great day!
Mark