All Posts Tagged With: "investing"

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REO and Nonaccrual Construction Loan Balances Skyrocket in Massachusetts

I just completed a study of thrift reports for the commercial lenders in Massachusetts. Bank owned property also known as REO or OREO and non-accrual balances are skyrocketing.
I began this exercise last year as we were “cranking up” the auction business in order to get a feel for what is happening in our [...]

29Feb2008 | Brecht Palombo | 0 comments | Continued
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This One is Going to Go Fast

This property is a good deal. It was just reduced to $289,900. This is a bank owned 2 family. There are 4 floors of living. The sec8 rents in Malden are really strong. Both units are renovated to different degrees but all the windows have been replaced and the systems look recent. If you are [...]

19Feb2008 | Brecht Palombo | 0 comments | Continued
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Making Investment Plays in This Market: Anatomy of a Flip

I got an email from a client recently who mentioned to me that he might be looking for properties to flip and it got me to thinking.
How much do you have to make on a deal to make it worthwhile in this market and have you considered what the numbers have to look like in [...]

11Feb2008 | Brecht Palombo | 0 comments | Continued
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