"Preparing to Jump" Multifamily Executive Article

This was a good article for everyone looking to purchase commercial real estate. There are 3 steps to get you ready:

1-Get Ready. Sounds simple, right? "Buyers need to be current witht he market. Once you decide the market is where you like it, you can't spend all ofyour time getting up to speed. You need people who are in the [deal] flow so they can be seen as credible buyers." - Peter Donovan.

2 - Know your market. Real estate is local. "One of the problems with the way people iew the marketplace is they lump everything inot one big national distress pool, and it's not. Real estate has always been local. The guys who ave been willing to look at the deals in terms of where they are will end up making a lot of money." - Debbie Corson.

3-Think management dollars. Look for underperforming properties where occupancy is at 50% and try to raise it to 90%. "You hae to look for them and be prepared to jump on them when they're there." - Debbie Corson

Are you ready?

Call me so I can help you.