Here's the situation:
While Houston and Dallas rank 6 and 1 in the nation for commercial real estate growth, the commercial real estate field is very bleak.
North County times reports that: Banking analysts warn that the nation could be swept by a wave of foreclosures of apartment buildings, retail outlets, industrial space, and office complexes in the coming year.
So we just lowball and short sale all these properties right?
Sam Zell who made billions of dollars in commercial real estate doesn't think that will work, especially with apartment complexes not having much equity at all.
His suggestion: Invest in the debt!
Same can be applied in residential real estate as well. This is different from a short sale. Here the note is actually being sold for a discount. Different department all togethe
While Houston and Dallas rank 6 and 1 in the nation for commercial real estate growth, the commercial real estate field is very bleak.
North County times reports that: Banking analysts warn that the nation could be swept by a wave of foreclosures of apartment buildings, retail outlets, industrial space, and office complexes in the coming year.
So we just lowball and short sale all these properties right?
Sam Zell who made billions of dollars in commercial real estate doesn't think that will work, especially with apartment complexes not having much equity at all.
His suggestion: Invest in the debt!
Same can be applied in residential real estate as well. This is different from a short sale. Here the note is actually being sold for a discount. Different department all togethe
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