All Forum Posts by: Chet Mazur

There are a lot of preforeclosures of you don't mind waiting for them.

GSA is horribly slow. I was involved in an action that closed 6-14 (?), and it still isn't closed in escrow. USPS just sold of a bunch and USPS building and land.

I think there are much better returning commercial tenants.

Determine the highest and best use is the $1M question. The property is on a hard corner and is 14K sq. ft.

Throwing up and small condo or apartment complex would like get the best $$$, but I am curious  about whatelse is how this. The property is a preforeclosure that I am trying to save from the TR. It currently is a used car lot, 

There is a lot of differing opinions out there, 49/51% ownership, check book LLC, etc.

I was point to a couple IRS ruling letter. They were confirm that what was being pitched was troublesome for the IRS.

rEMEMBER, BEHIND EVERY MORTGAGE OR TRUST DEED THERE IS A NOTE. I look at pre foreclosure properties.. and try to control the property buy buying a JR lien.

There are lots of websites... Banks more frequently sell commercial notes.

Are you looking to build your own pool, or buy one?

In some cases age add to the value of the property!

I have found a property that is preforclosure, but is prime to be redevelop. Is there any one on BP that is in the commercial infill development?

 Do you have any insight as to why high end properties don't work?

Does the reverse mortgage have a DOS clause? Do you care or are you comfortable with the associated risk.

See if there in any provision in the loan to be assumes or gifted to childres.