Back in Real Estate Investing 101, Part II, I briefly mentioned “Shifting Classes” after the Buy & Hold strategy. There are a few different ways to shift classes and uses that can build value for investors.
Residential to Commercial
One of the most common ways to increase value while shifting classes or use is to have a property
I’m about to post up another rant…
I have long had an issue with business school terminology sneaking into general usage. It all goes back to about 1987 when I worked at the Heartthrob Cafe & Philadelphia Bandstand in downtown St. Paul, MN. I was a Soda Jerk. It was a great job, and there was a pretty good staff.
One of the managers that came in when the restaurant opened was a business school graduate from Chicago. She found out a couple of things during her first winter in Minnesota. The first thing that she found out was that Chicago wasn’t really that cold.
Since I brought it up, I figured I should post up how I believe real estate would be handled.
The tax is only on new items and services. So, obviously new homes would be taxed. The tax would be included in the sale price when
I just got today’s REALTOR Magazine Online Daily Update. This was one of the stories that was featured. It is about how foreclosures are up. They make up 10% of the listings in CA, as opposed to 1.7% last year. But, at the same time, distressed properties aren’t listed at much of a discount compared to other properties.
A month ago,
I was out today with a client looking at entry level homes. One of the homes we looked at turned out to be a seemingly under-priced townhome. This wasn’t of interest to my client, but it did have some interest for me. But, it got me thinking… (regular readers will recognize the danger here)