Deferred maintenance. These two words will cost you 10 X “The Money you Saved” every single time.
They will cost you in occupancy, sales price, and out of pocket repairs. Do not do it. Take it from the guy I know with this water problem.
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This past Wednesday, I attended an enlightening session sponsored by the Real Estate Finance Association on multi-family investments and the economy. As many of us connected to the multi-family real estate sector get nervous about where things may be headed, I thought I’d share my take away from this session: There is a silver lining [...]
Mark Heschmeyer a well known widely read writer for CoStar sent the following email out to his readership today:
What a two weeks it has been in the financial markets with the takeovers of Fannie Mae, Freddie Mac, Merrill Lynch and the troubles at AIG and Lehman, to name a few. Truth be told it is [...]
When I woke up to the news of Wall Street’s version of Chernobyl yesterday with the news of Lehman and BOA’s acquisition of Merrill Lynch, I experienced a sinking feeling in my stomach. We’re no doubt facing uncertain times in our economy as the financial market meltdown will continue to emanate confusion, uncertainty, and widening [...]
Friday, September 26, 2008
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