Archive for Distressed Properties

Tough Times for Multifamily Income Property Owners.

It’s that cycle of the market where most multifamily property owners are having to adjust their modus operandi: even well cared for and superbly managed properties are seeing increased vacancy and pressures on rents.  This cycle seems to be of great girth, depth and resonance.
It’s a tough one, one that has and will continue to [...]

Investment Return On An Actual Multifamily Phoenix Property

Here is an example of what can be purchased now.  This is an actual purchase of a 4 plex in Phoenix.  Since the example below is an REO property it’s all vacant – though not all REO’s are vacant, expect it.  There are additional costs for a vacant property.  We don’t  take them into account [...]

Buying REO Multifamily In Phoenix Is Just Like A Normal Sale

Foreclosed multi-family, REO, Lender Owned properties.   This used to be the domain of very savvy real estate investors, but no longer. 
At least until the market changes and the sentiment changes, REO | Lender’s are simply just like any other seller, just that they are more motivated then a regular seller and they have [...]

The Basics: What Is A Short Sale? Should You Do It With Your Multifamily House?

A short sale is the term used when you sell your home but actually receive less for it than what you owe to your mortgage company. It is also called a pre-foreclosure sale, because this is generally the only time that this kind of sale is conducted or allowed. The ’short sale’ term fits well [...]

Greater Phoenix Lender Owned Small Apartment Complexes.

In Greater Phoenix there are about 30 lender owned properties or sale at this time in June 2008. 
The difference between an REO or lender owned property and a short sale is that the lender owned property is a foreclosed property.  It has been through the process, past the short sale.  The short sale is quite [...]