Archive for November, 2007

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Banks Are Motivated Sellers

I get the question a lot - “Are they motivated?”. The unequivocal answer to this question with regards to the banks is YES. Are they realistic? They’re getting there. Are they motivated? YES. Once a bank owns property, especially a big bank, they must get this off their books ASAP. When a property has been [...]

28Nov2007 | Brecht Palombo | 0 comments | Continued
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Retiring With Passive Real Estate Invesments

It’s the dream in the end isn’t it? You work hard, you manage your money correctly, and then eventually it’s time to kick back. If you’re a real estate investor though you’re facing one big hurdle - taxes. If you own a property long enough to have it basically fully depreciated you’re going to be [...]

27Nov2007 | Brecht Palombo | 0 comments | Continued
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Multifamily Bidding War Follow Up

A couple of people have asked me about what happened with that 38 Unit property that I wrote about back in October. This was the one where there was a 12+ offer bidding war after it was on the market for about 7 days. The property was listed at $2.8M we came in at $2.825, [...]

27Nov2007 | Brecht Palombo | 0 comments | Continued
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