Investing In Distressed Apartment Buildings Winston Rowe & Associates

Investing In Distressed Apartment Buildings

Winston Rowe & Associates, a no upfront fee commercial real estate non investment advisory and due diligence firm has some of the most competitive rates and terms for apartment and multifamily financing nationwide.

Many investors are aware that buying foreclosed properties could be a good investment, but do not know how to buy a foreclosure. A true foreclosure purchase is done at public auction, after the property has been foreclosed but before the bank has taken possession. An investor must find out where the auctions are advertised, research the property, show up at the appointed place and time, and be ready (with a cashier’s check in hand) to bid.

However, knowing how to buy a foreclosure is not as important as knowing when to buy a foreclosure. There is one major benefit to buying foreclosures, and that’s the price. Foreclosed properties can be sold at fraction of their value. But there are a number of potential pitfalls. Here are some of the biggest to look out for.

Properties generally cannot be inspected: Foreclosures are sold “as is.” Usually, the owner or tenant has not even been evicted. Without access to the property, it cannot be inspected. A “drive-by” inspection may allow an investor a guess as to the property’s condition, but he cannot know specifics until he has paid for the property.

Properties are generally sold without title insurance: Foreclosed properties often have tax liens against them or a confusing ownership history. A thorough title search should be an investor’s top priority when preparing to bid at foreclosure auctions.

Property values may be dropping: What looks like a good foreclosure purchase now may not turn out so great six months from now. In order to avoid surprises, an investor should only buy foreclosures in areas he is familiar with.

Knowing when and how to buy a foreclosure is an art, not a science. The artful investor will need to balance the risk against the reward in order make good foreclosure purchases.

How To Invest In Apartment Buildings Apartment Winston Rowe & Associates

Real Estate Investor Lending

Winston Rowe & Associates, a national advisory and due diligence firm specializes in structuring acquisition, refinance and portfolio repositioning of large and small apartment buildings.

They have prepared this knowledge based news article to provide current and prospective commercial real estate investors with a few strategies.

Investing in an apartment building can be a very profitable venture – if you find a building for the right price, with good potential cash flow and in a good investment location. If the location is not desirable, it won’t matter if you have the nicest building on the block or offer the most amenities for the lowest rents.

Research Your Potential Apartment Building Investment:

Visit the building at several different times during the day and night.

Observe traffic during rush hours; renters won’t want a difficult commute to work.

At night, how well lighted is the area directly around the building? Are the streets and parking lots well lit?

During the day, are children playing outside or people walking their dogs?

Visit the nearest police department and ask for information concerning any criminal activity in the area, particularly any directly involving the building.

Drive around the neighborhood and observe the condition of other apartment buildings or homes. Be sure to observe a fairly large area in all directions from the investment location.

Are there a lot of “for rent” signs?

Are the properties well maintained or run-down and in need of repairs?

Is there an abundance of old abandoned cars or junk in the yards?

Check Out The Local Population For A Source Of Tenants:

If you feel comfortable doing so, stop and talk people in the neighborhood.

As you drive through the neighborhood also pay attention to the local businesses.

Are there strip malls that are mostly vacant?

Eat at local restaurants and ask the staff about the area.

Evaluate the investment location by potential renters:

For families, check out the schools

For working singles or couples, is there easy access to public transportation?

If there is a college or university campus nearby, it may be easy to rent apartments during the school year but you may have a high vacancy rate during summer months

Medical facilities in the area may provide a good source of steady, year-round renters.

Read neighborhood newspapers; pay attention to the business section or “crime report” listings.

An apartment building in a good investment location will support higher rents which produce better cash flow.

When speed and experience are important and crucial to your commercial real estate investing success, a principal at Winston Rowe & Associates is always available to speak with prospective clients. They can be contacted at 248-246-2243 or email them at processing@winstonrowe.com

They have some of the most aggressive rates and terms available, while managing every step of the financing through their advisory and due diligence processes from document collection to commitment negotiation and closing.

HARD MONEY CASH OUT COMMERCIAL LOAN REFIANCE

Winston Rowe & Associate’s

A national no advance fee commercial real estate advisory and financier  provides an attractive mix of commercial loan refinance programs for investors that need lighting fast loan solutions in days, not weeks or months.

• All Commercial Property Types Considered

• Upcoming Balloon Payments

• Discounted Payoff Note (DPO)

• Time Sensitive Situations

• Cash Out

They have national solutions for conforming and non-conforming commercial loan refinance programs, each designed to provide the most competitive financing terms based on a combination of property constraints, borrower investment and personal objectives.

When you call Winston Rowe & Associates, a principal is always available to speak with prospective clients. They can be contacted at 248-246-2243 or email them at processing@winstonrowe.com

They also have many other solutions that meet almost every need. Check them out online at http://www.winstonrowe.com

With their best business practices model ensures that their clients receive lighting fast funding with the most aggressive rates and terms available, while managing every step of the financing process from document collection to commitment negotiation and closing.

Winston Rowe & Associates provides no upfront or advance fee due diligence and advisory services for commercial real estate in the following states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming

Forecasted $280 Billion In Commercial Property Foreclosures In 2013

A perfect storm is brewing across the nation. Commercial property owners are facing balloon payments coming due this year, with no way to raise the money.

Here’s Why:

In today’s risk adverse national banking climate. Most of the national lenders are quick to jettison commercial mortgages that either does not meet their current portfolio requirements or the property owners that survived the recent global economic down turn.

Has left many commercial property owners with low cash reserves, bruised personal credit and static business growth.

This leaves commercial property owners searching to find a lender that will refinance their loan because they are facing the immediate foreclosure and loss of their future business income.

Winston Rowe & Associates is a firm that specializes in assisting commercial property owners facing foreclosure due to balloon payments and discounted payoff note.

Best of all, they do not have any upfront fees.

Commercial property owners have been turning to Winston Rowe & Associates, because a principle is always available to speak with prospective clients. Taking the time to understand their unique situation and then providing a solution.

Commercial property owners can contact Winston Rowe & Associates at 248-246-2243 or email them at processing@winstonrowe.com

Why Winston Rowe & Associates:

National lending platform

Never an upfront or advance fee

All commercial property types considered

Purchase, refinance and cash out solutions

They also have many other solutions that meet almost every need. Check them out online at http://www.winstonrowe.com

Winston Rowe & Associates has some of the most aggressive rates and terms available, while managing every step of the financing process from document collection to commitment negotiation and closing.

Winston Rowe & Associates provides no upfront or advance fee due diligence and advisory services in the following states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming