Every Real Estate Investor, over time, develops their own set of rules they live by when acquiring property. My principles come from experiences both positive and negative over a long period of time. My rules work for me but may not work for others. There are many different successful strategies for buying and owning commercial property profitably. So I share on that basis.
1. Never buy a commercial property that you don’t want to own over the long term (more than 20 years). This doesn’t mean that I won’t sell if offered an exceptional price but it means I am never buying with the express purpose of selling. Set yourself up for success over the long term. Always be prepared to own the property forever. Never put yourself in a position where you have to sell.
#cre #retwit #550cal
The office market continues to heal nationwide. There are spots that continue to struggle but overall the trend is positive. From an investment perspective there has never been a better time to buy office from my experience.
Manhattan's trophy office market has reached unprecedented rental levels, with top-tier leases now exceeding $300 per square foot and some brokers predicting rents could surpass $350 per square foot before year-end.
@wesbury Because the Fed is fighting Trump. Powell and his cronies will look foolish if growth in the economy can happen without inflation, so they fight him. Powell has politicized the Fed more than any Governor in my lifetime.
@Peter_Psathas I started in CRE at the end of the crisis. The RTC Resolution Trust Corporation was in full swing. the RTC was empowered to clean up the mess left by the S&L crisis.
@MattMahanSJ@SteveHiltonx The California election is not about Trump. It’s Roads, schools, police, jobs. Housing within our great state. Talk of fighting against Trump is nonsense.
$2,000,000.
One week.
Lincoln Memorial Reflecting Pool — drained, repaired, recoated in American flag blue.
Gone: the algae. Gone: the goose poop. Gone: years of filth sitting in front of one of the most visited monuments on Earth.
And the left is furious about it.
Not furious about the algae. Not furious about the goose poop. Furious that it's clean and blue and beautiful now.
Trump's response: "Why would I bother taking 11 or 12 truckloads of filth out of the water in front of the Lincoln Monument? That's what made our country great. Beauty made our country!"
$2 million. One week. The pool looks like an American flag.
And somehow THAT is what broke them.
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