Our Four New Commercial Courses Available NOW! Click link to see video.
Posted on July 31st, 2007 by D. Scott Smith
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Filed under: General
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Housing Market is starting to show signs on the Commercial market.
Posted on July 26th, 2007 by D. Scott Smith
This is a great read from CoStar. Kind of makes you stop and think just how close ALL markets are related. What are you doing to make your investments balance out in this “no mercy market”?
The big question everyone seems to be asking (but no one really knows the answer) is will the spillover from rising housing loan defaults and foreclosures and plunging housing demand eventually drag down the overall economy?
There’s no question that lenders and credit ratings agencies have tightened their underwriting as a result, which is having at least a moderate cooling effect on the commercial real estate sector.
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Filed under: Business News, General
RCA reports on potential tax changes on Commercial Real Estate Partnerships
Posted on July 14th, 2007 by D. Scott Smith
SPECIAL REPORT
TAX CHANGE WOULD CUT PARTNERSHIP PROFITS
A heated debate over how profits from partnerships will be taxed could have an adverse impact on the income of general, or operating, partners in most real estate partnerships. The bill, H.R. 2834, would eliminate the currently favorable tax treatment for all carried interest received by any partner or fund manager who provides “investment management services” to a partnership or fund. Historically, carried interest has been taxed as a capital gain. H.R. 2834 specifies that those who provide services to manage and operate real estate partnerships must now pay taxes on the carried interest at ordinary income rates. If this bill becomes law, it could significantly increase the tax burden for commercial real estate practitioners who act as an operating partner for a partnership. A companion bill in the Senate, S. 1624, would focus only on private equity and hedge funds and would apply exclusively to publicly traded partnerships.
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Filed under: Financing, Taxes / Legal
A Commercial Real Estate Educational Break through……….
Posted on July 12th, 2007 by D. Scott Smith
Today, was a break through. The Fundamentals of Commercial Real Estate Course that I teach is now open to ALL REALTORS for CE Hours for the states of Maryland, Virginia, Pennsylvania, and Delaware. These courses are still being brought to you by Long and Foster University but are now open to all REALTORS not just Long and Foster Realtors.
I have attached a flyer for you for the next class.
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What commercial real estate is a good buy?
Posted on July 9th, 2007 by D. Scott Smith
I get asked this question almost daily. In short the root of the question is what is a good buy in the market right now. Most often the answer is not what anyone expects. Most people expect me to say what they have already heard around town. That is rarily what is the best investment in the market currently. Why? Simple. Supply vs. demand. As demand for the asset goes up, so do the prices, bringing return rates down. For example, multi-family properties. Right now in our market, they are HOT, too hot. The national average for a multi-family cap rate right now is 5.5%!!!! Still, I have more requests for multi-family units than anything. So I tell people to stay away from multi-units. As the condo’s can’t sell and get converted into multi unit rentals, you can expect pretty much the same. I mean the developers have to make some money some how right?!?!?!
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Filed under: Industrial, Investments, Retail / Shopping Centers
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