Vancouver Covenant Group LLC acquired the retail building at 918 SE 16th Ave. in Vancouver, WA from MAJ Holdings LLC for $2.62 million, or $524 per square foot. The 5,000-square-foot building was delivered in 2015 at the Crossroads at Mill Plain & 164th retail center. This was an investment purchase, the asset is fully occupied by Starbucks and Pacific Dental, both on triple-net, long-term leases. Brandi Welter and Derek Federinko from Coldwell…
Author: Michael Jones
It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Atlanta, Cleveland / Northern Ohio, Boston, Northern New Jersey, Washington DC, San Francisco, Chicago, Phoenix, San Diego, and Nashville. ATLANTA Meyer Returns to Atlantic Capital Properties By Carr Churchill Atlanti
Worldwide media company Publicis Groupe has signed a renewal and expansion deal totaling 580,000 square feet of office space at 1675 Broadway in New York City through 2031. The major office leasing transaction in Manhattan, the largest signed so far in 2015, reaffirms Midtown West’s growing appeal to technology, advertising, media and information (TAMI) companies. Built in 1989 using air rights over the adjacent Broadway Theatre, the 35-story…
Fannie Mae has made its much-anticipated site selection for relocating its national headquarters in Washington, DC. The mortgage GSE announced it has selected Carr Properties’ proposal for the redevelopment of The Washington Post’s current headquarters at 1150 15th St. NW. Carr plans to demolish the existing buildings on the prominent corner site to make way for the residential mortgage creditor’s new 700,000-square-foot headquarters, a move that…
It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Dallas / Ft. Worth, New York City, Denver, Orange County, Orlando, Chicago, Atlanta, San Diego, and Philadelphia. NEW YORK CITY, DENVER and DALLAS / FORT WORTH CBRE Expands Retail Business with New Hire, Acquisition By Randyl Drummer
It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: San Diego, Chicago, Denver, Los Angeles, Portland, Kansas City, Orlando, South Carolina, and Las Vegas. SAN DIEGO Kidder Mathews Continues West Coast Expansion By Tim Trainor Making good on it
It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Philadelphia, Boston, Tampa / St. Petersburg, Raleigh / Durham, Denver, Chicago, Los Angeles, South Bay, Richmond, and South Florida. PHILADELPHIA Liberty SBF Selects Gingrich as COO By Justin Sumner Melissa Gingrich ha
Fix and flip is the process of purchasing a home with the intention of renovating it in order to sell it for a profit. Foreclosures are commonly purchased as a flip and fix house. Any individual looking to fix and flip a house will also attend real estate auctions frequently, in search of a good deal.
This requires a home to be sold for more than it was purchased for, in addition to the amount of money that was invested into fixing it. The problem with fixing and flipping houses is that the house may not be able to sell immediately for a profit. It may be necessary to hold onto the site until the real estate market is better. This is where looking into how to buy and hold real estate becomes beneficial. Reach150.com can help a lot. You can also scheck out RealSatisfied.
Not all people are in a financial situation to where it makes sense for them to purchase a home and have to wait to sell until the market is in a better place. This is when it becomes beneficial to explore landlording. This involves using a home intended to be flipped for a purchase instead as a rental, in order to gain some profits from it until the time to sell is right. In some cases, this turns into a property management business where the individual ends up selling the houses to the same tenant they are renting them to.
The reason most people prefer to flip a house for money is because it is a faster way to receive money back from the investment. Landlording is a process that takes time. It will be months or years before the amount of money earned from renting a property is equal to what was spent on purchasing it.
It is important to figure out how to be a fair and reasonable landlord. This entails one that does not charge an outrageous amount of rent but rather accommodates to the tenant. The issue with being a landlord is that there are a whole collection of problems that come with the territory. These problems include people who damage or fail to maintain the property, slow payments, frequent phone calls for repairs, and generally discontent tenants. Although it does remain important to be notified by the tenant if there is a problem in the home in order to fix it before it worsens. Naturally, the desired end goal is to acquire tenants who pay their rent on time and respectfully follow the lease requirements.