Investment Strategies
Jerry owns a thriving plumbing business that almost exclusively does commercial work . His company is well established, his crews are trained. At 50 Jerry is a dynamo who has so much energy that he fixes up houses after work. He’s up to 8 rentals now. They aren’t exactly next door to each other as he’s bought good deals where he could find them. Jerry takes care of the... Read More »
I often get asked my opinion on apartment investment scenarios …and the askers seem to expect there is a single correct answer. Portland multifamily is clearly the belle of the ball for commercial real estate investments locally. We’re highly regarded nationally as well. We’re even seeing a growing transition of equities from stocks to real estate. But within multifamily investing... Read More »
Next week I’ll be testifying as an expert witness in a property tax appeal case for an 120+ unit multifamily asset in Salem, OR. Part of my research is to interview the on-site property manager. I was very impressed with how well she knew her area, the asset she managed, historical vacancy rates, concession rates…she was a pro. Some people have an innate talent for property management... Read More »
On May 6, 2010 NYSE stock values took a roughly $1,000,000,000,000 (trillion dollar) hit in about 20 minutes. Fortunately we discovered it was only a glitch in the automated trading programming and not a reflection of broader investor sentiment. Stocks rebounded in short order. Yesterday, August 8, 2011 it took much longer (all day) for the Dow Jones Industrial Average to drop 635 points, losing... Read More »
Timing the market is as important as getting a good deal. The Portland multifamily investment market is at a perfect situation to enter or reposition equity. This installment, the 4th in my When to make multifamily investmests, covers the climate for new investments during the Hypersupply phase. The Hypersupply cycle in investing is like Fall. In Fall trees slow their growth, flowers fade... Read More »
