Is the Sky Falling??

Everyone knows the story of chicken little. The little chicken that thought the sky was falling on her, when she was hit on the head by a falling acorn. In today's economic climate, a lot of people are joining the band wagon, thinking the sky or building as fallen in on them.

True, time are tough, if you listen to the news for any length of time. We have new leadership in Washington and their actions do not seem to be making a difference except putting the nation under a greater burden of debt. Companies, small business owners, the workers in the plants and industries across the nation, as well as the home owners and renters are wanting debt relief.

The experts are predicting the start of the commercial down turn in a lot of metropolitan marketplaces. Some of the cities are already seeing it in the number of vacant retail spaces and big box stores, as major chains are closing their doors.

So is the sky falling or is this the time for doing your homework and finding the commercial deals that can be salvaged and help turn the economy around, buy creating jobs and cash flow.

The Wall Street boys have been waiting on the side lines for the last year or so waiting to see which way the wind was going to blow. They are still waiting. Some bankers are working with commercial notes that are in default and helping to get things sorted out. Some are not and as a result we have a foreclosures, climbing on the commercial side of real estate.

So if the commercial down turn accelerates, there is a good chance more and more property owners are going to need help. Who will be there to help them? Will you? Will a team of knowledgeable team of committed people be in place to help? Will the government help? Will the bankers help? Will investment groups help?

I know that there are people who scout for commercial properties on a regular bases. They are trained and work hard at finding the deals that make sense. They watch the market and keep an ear to the ground for possible deals everyday.

If you are motivated and committed to finding commercial deals. If you are interested in getting active in commercial property scouting, check out http://www.nacreps.org/

Till next time, enjoy life.

Is Now the Time to Invest??

Hey, I am back. Did you miss me? Just joking...
Took some time off to enjoy the family and life. There is more to life then blogging.

New president, new faces in Congress and the Senate, new spending galore, but to what end. Still lots of gloom and doom. Market tanking here, market tanking there, foreclosures up, bank failing, bad loans left and right. People losing their jobs, companies bleeding all over the street, going out of business, leaving the landlords and property owners holding the bag.

From talking to other Phoenix Commercial investors, they are looking forward to the turn down in the Phoenix Commercial marketplace. They are actively looking, they know that good deals can be had. When I talk to other investors and brokers in different parts of the USA, they to are looking to make deals, both on the buy and sell side.

While the Wall Street boys are standing on the sidelines watching to see which way the wind is blowing, they to are looking for good deals in the major metropolitan areas. They have been out of the raw land deals for the last two years, whether commercial malls, office buildings or new residential. Everybody is holding their investment dollars, but they to turn the page soon or stand to lose even more money because the money is not moving.

This is the perfect time to strike a deal, but you really have to do your homework and due diligence, for money is tight on certain types of commercial loans and private money will only move when the deal is vetted to the core, not based on a lot of speculation.

Investors are looking to find properties that cash flow or break even, that can be turned around with better management or taking care of the deferred maintenance. Or will cash flow, as they fix the building one unit at a time and make plans to convert to condo's for when the market turns around. Lots of plans and ideas. Certain parts of the country are building new apartments and office complexes.

So, go out there and find those deals, hook them up with investor's and let the games begin.

To find out more on Commercial Real Estate Property Scouting, check out http://www.nacreps.org and get in action.

Till next time.