All Forum Posts by: Bradley G Fagg

Quote from @Danny Simard:

What asset class are you working, @Bradley G Fagg? Here in Southern California, trophy properties are still doing well and still trading, though volume is down here like it's down everywhere. 

I'm in commercial office space in Utah and everyone I call isn't interested in selling at a loss. They seem to think there value is down so not the time to sell. I feel a lot of office space here in Utah is not being utilized fully is an other reason. It also seems deals keep falling through due to banks asking for more money down. Is this a Utah only thing? 

Hey BiggerPockets community!

I transitioned to being a commercial agent, and in hindsight, it seems I chose quite the challenging year to go all in on this venture. With current market conditions, there's a palpable sense of a potential downturn or collapse on the horizon.

How's the commercial real estate landscape in your area? Are transactions still occurring or has there been a noticeable slowdown? Would love to get some perspectives from different markets.

Thanks in advance for sharing your insights!

@Dan Worontzoff

That's what a friend in Las Vegas told me on the phone. He's had to drop rents on his in-town properties but everything in Henderson is good. It's an interesting world we live in these days.

@Bill Brandt thank you so much for your comments.

Thank you

@Tommy Daggett thank you so much for your insight. Worried me cause Utah is trying to become a tech hub.

I read an Article and it kind of made me think twice about buying a rental property anytime soon. Since I'm new to the game and live in a place called Utah where we live in a bubble that has a 55K unit housing shortage. We haven't really seen rents go down or any of the houses  lasting on the market more than a few days. Is there really going to be a drop in the rental market going on?

https://www.msn.com/en-us/mone...

Thank you 

Perfect thank you 

I’m wondering if it’s better to buy down and pay close to 6K in closing cost to get 3.37 percent or should I take the higher interest rate and get lower closing cost. I’m not sure it shows on an atomization chart the lower rate saves me more money long term but if I’m only planning on living here 10 years is it still better to buy down the percentage it’s 30 dollars a month different on the payment.

@Kammon Hiatt Mondays or Wednesday. I work in Salt lake live in Vineyard I could make it down by like 5-5:30 on one of those days.

I would like to take a tour. When would you be available?