RealEstateJournal House Talk
Yeah, there are tons of real estate folks out there. I read somewhere that 1 in 5 US households either contains an agent or has a relative who is an agent (and 1 in 4 has one who knows Kevin Bacon http://www.cs.virginia.edu/oracle/)
How do you pick one for an investment transaction? I always recommend tall guys named Dave with an MBA. This article also offers some useful tips. They're talking about a residential transaction, but it applies to commercial and investment, too.
Friday, April 29, 2005
Tax Credits for Oyster Shells
newsobserver.com Growth
As coastal development booms, I expect to see more regulation. This isn't exactly what I was expecting but it's a start. Coastal legislators are trying to incentivize us to return oyster shells to the sea. When I was growing up we used them to pave our driveway.
As coastal development booms, I expect to see more regulation. This isn't exactly what I was expecting but it's a start. Coastal legislators are trying to incentivize us to return oyster shells to the sea. When I was growing up we used them to pave our driveway.
Thursday, April 28, 2005
First Time Landlord Launches His Investment
RealEstateJournal Landlord Chronicles
Mr. Jones is exactly the type of guy I'm working with, he's from Microsoft, my guy's from Cisco. He's in Seattle, we're in Raleigh, frankly I like our locale better. These folks are showing great financial savvy by diversifying. Congratulations new landlords!!
Mr. Jones is exactly the type of guy I'm working with, he's from Microsoft, my guy's from Cisco. He's in Seattle, we're in Raleigh, frankly I like our locale better. These folks are showing great financial savvy by diversifying. Congratulations new landlords!!
Wednesday, April 27, 2005
Blount Street Bids are In
newsobserver.com | Growth
Urban renewal continues downtown. This redevelopment down by the legislature comes with great expectations. Look for the other historic sections like Mordecai to do well on the footsteps of this one.
Urban renewal continues downtown. This redevelopment down by the legislature comes with great expectations. Look for the other historic sections like Mordecai to do well on the footsteps of this one.
Monday, April 25, 2005
Signals Good For Landlords
newsobserver.com | Real Deals
The demand and outlook for apartments by both investors and tenants remains strong. Some of the same dynamics driving this demand are also fueling a bull market in retail space.
The demand and outlook for apartments by both investors and tenants remains strong. Some of the same dynamics driving this demand are also fueling a bull market in retail space.
Sunday, April 24, 2005
Seasoned Home Flippers Offer Valuable Lessons
RealEstateJournal | Legal, Tax, Finance
I currently have a flood of buyers looking for the classic flipper. You know, buy a distressed property, rehab it and flip it for profits. They are out there but competition for them is steep so you'd better be organized enough to pull the trigger when an opportunity arises and be willing to accept lower margins than a few years ago!
I currently have a flood of buyers looking for the classic flipper. You know, buy a distressed property, rehab it and flip it for profits. They are out there but competition for them is steep so you'd better be organized enough to pull the trigger when an opportunity arises and be willing to accept lower margins than a few years ago!
Recruiters, incentives go hand in hand
Recruiters, incentives go hand in hand
Ah politics and real estate. Two things that effect us all. NC is an interesting state when it comes to incentives. All the politictians pretty much claim to be against them, but they use them "because we have to" to be competitive. What if we fixed the tax structure so that we were already more competitive?
At any rate, real estate investors large and small will benefit from knowing where our fearless leaders are spreading the free cash.
Ah politics and real estate. Two things that effect us all. NC is an interesting state when it comes to incentives. All the politictians pretty much claim to be against them, but they use them "because we have to" to be competitive. What if we fixed the tax structure so that we were already more competitive?
At any rate, real estate investors large and small will benefit from knowing where our fearless leaders are spreading the free cash.
AP Wire | 04/23/2005 | Despite government help, thousands of contaminated sites ignored
AP Wire 04/23/2005 Despite government help, thousands of contaminated sites ignored
Here's an interesting article about industrial real estate and brownfields redevelopment. Free money from the government to rehab real estate.
Here's an interesting article about industrial real estate and brownfields redevelopment. Free money from the government to rehab real estate.
Raleigh real estate is on fire.
Raleigh real estate is on fire. Especially multi-family residential. Investors can't seem to get enough and cash flow is optional. Capitalization rates are as low as 2-4% on apartments in good shape. Inside the beltline (ITB) is even more expensive as investors "land bank" properties, apparently for redevelopment or condo-conversions.
Recently, a listing of a 10 unit apartment building by a colleague of mine generated three different inquiries from sunny California!
The combination of a soft stock market, rising interest rates and a positive jobs outlook in NC has investors and developers betting on a strong rental market for years to come.
Recently, a listing of a 10 unit apartment building by a colleague of mine generated three different inquiries from sunny California!
The combination of a soft stock market, rising interest rates and a positive jobs outlook in NC has investors and developers betting on a strong rental market for years to come.
Wednesday, April 20, 2005
CareerJournal | Leadership as Layup? Lessons from Basketball
CareerJournal Leadership as Layup? Lessons from Basketball
In addition to all things real estate, from time to time I will post other items of interest pertaining to business, wealth creation and leadership. This is one such item.
Okay the Tarheels are back, Return to Glory, Hail to the Victors, Good Riddance Matt D., Roy’s the Man and all that good stuff, yackity, yackity, yackity, yack…..those of you who know me know that my allegiance will always lie with the Wolfpack, long live Herbie Sendek. GO STATE!
But when it comes to coaching pantheons there is none better for my money than K. I heard him give a couple of leadership talks a few years back and they were pretty awesome. Of course, it doesn’t hurt that I’m a huge hoops fan so he didn’t have any trouble keeping my attention with all the bball analogies. Apparently many others liked it too because they have hauled off and pulled him into the MBA school to help Duke continue to do what Duke does best, charge big jack for education!!
If you like Duke, or hoops or leadership or team building this is worth checking out. Same goes for his book, which I guarantee you Coach Sendek has read.
In addition to all things real estate, from time to time I will post other items of interest pertaining to business, wealth creation and leadership. This is one such item.
Okay the Tarheels are back, Return to Glory, Hail to the Victors, Good Riddance Matt D., Roy’s the Man and all that good stuff, yackity, yackity, yackity, yack…..those of you who know me know that my allegiance will always lie with the Wolfpack, long live Herbie Sendek. GO STATE!
But when it comes to coaching pantheons there is none better for my money than K. I heard him give a couple of leadership talks a few years back and they were pretty awesome. Of course, it doesn’t hurt that I’m a huge hoops fan so he didn’t have any trouble keeping my attention with all the bball analogies. Apparently many others liked it too because they have hauled off and pulled him into the MBA school to help Duke continue to do what Duke does best, charge big jack for education!!
If you like Duke, or hoops or leadership or team building this is worth checking out. Same goes for his book, which I guarantee you Coach Sendek has read.
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