Posted on March 23rd, 2007 by D. Scott Smith
Today concludes the first of four CI Intro Courses for the MD DC CCIM Chapter. Take advantage of the next course which is scheduled for June 25-26th in Baltimore, Maryland.
For more information, contact the Customer Service Representative at 800-621-7027.
Take advantage of the benefits and opportunities as a chapter member by joining MD DC CCIM Chapter today!
To renew or to join, please visit our website to download the membership application at http://chapters.ccim.com/marylandwashington to pay on-line.Also, mark your calendars and plan to attend MD DC CCIM Chapter’s Luncheon Program Meeting on April 26th featuring
This is a preview of
CCIM Intro Course Review; Washington D.C.
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Filed under: Business News
Posted on March 21st, 2007 by D. Scott Smith
Reports minutes ago from the Federal Government stated that interest rates will remain at there current levels. It is important to note that they mentioned inflation but did not mention the subprime mortgage fall out or the housing market directly.
Todays rates are at 5.25%.
Please post below any thoughts or comments on how this will effect the current housing situation.
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Filed under: Financing, General
Posted on March 20th, 2007 by D. Scott Smith
Wal-Mart now wants Supercenter in Crofton
Appears as if Walmart has attempted a fast one on the county. A grocery store is now in the works for the Walmart ( now super walmart ) center near BWI. How will this effect the local retail centers in the area? I was sitting at the bar in a hotel in Philly with an acquistion manger for a publicly traded REIT some years back and the discussion turned to Walmart as an anchor tenant. “Walmart is the 6k lb gorilla, they do whatever they want” he exclaimed. Let’s see if my old friend is right.Â
Phillip McGowan, The Baltimore Sun
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Filed under: General
Posted on March 19th, 2007 by D. Scott Smith
Included at the bottom of this are some spread sheets that may help with
1) For residential investors in the decision making process to buy and flip or fix and rent.
2) For commercial investors looking to determine if a project is a go/no go.
I also am working on a collection of webcast for the subscribers to, in detail, explain different investment scenarios. Drop us a line if your interested.
Fix & rent vs. fix and flip
Proforma worksheet
NOTE: I did not write these. They are part of my personal collection of tools used in property evaluation. Thanks.
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Filed under: General
Posted on March 16th, 2007 by D. Scott Smith
Are you thinking twice about those multi-units and strip centers you have been looking at? Now might the perfect time to be. Retail follows housing, which is down, that will pull retail down in 2007 as well as people who bought on the residential market high will now be eating higher interest rates with that ARM loan and are able to spend less. Now, as housing is readily low and the high amounts of foreclosures are on the waiting list for evictions, and with the Fed’s stepping in to bail out the subprime mortgage fall out through new FHA guidlines and loan availabilities for first time home owners, etc. Now is looking like a pretty good time to get out of that apartment you have been in for the last five years while prices where to high. Now you can buy a below valued foreclosed home that is virtually brand new, with an FHA, 3% loan. Think that will have an effect on the rental demand?
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Filed under: General
