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Off-the-grid deals: Distressed property trends and market insights

Housing Wire

“It’s oddly enough in states where people are leaving,” said Florida-based real estate investor Paul Lizell of the markets where he is more focused on acquiring investment properties in 2024. I’m still focusing on those markets with very low (retail) inventory. It’s very, very market dependent right now. Heat map link. in Q1 2023.

Marketing 437
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Proprietary Capital completes acquisition of AFR, hires new COO

Housing Wire

A group of investors led by Colorado-based fund manager Proprietary Capital has completed the acquisition of multichannel lender American Financial Resources (AFR), the parties announced on Monday. It also has a niche in construction and manufactured home loan programs. The financials of the deal were not disclosed.

Lending 375
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Atlas, DivcoWest prepare $1B single-family rental venture

Housing Wire

Atlas Real Estate and DivcoWest declared last week that they will spend $1 billion “acquiring and renovating homes in high-growth states including Colorado, Arizona, Idaho, Nevada, and Utah,” according to a press release. billion equity infusion from investors including Centerbridge and Allianz Real Estate.

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How LOs are dealing with a mortgage rate lockdown

Housing Wire

Business is at a “dead stop,” said a retail loan officer in Michigan. This month, she is lucky to have $2 million in her pipeline thanks to closing deals on a construction loan, a condo and a vacant lot. As rates rise, lenders are struggling to sell in the secondary market as investors are seeking higher yields.

Mortgage 384
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Top NJ LO Chris Gallo is getting back to basics in 2023

Housing Wire

People always have friends doing something — and people [are] becoming investors buying second homes, third homes — so it’s just good to stay in front of them, because you don’t realize until you look back on how many people you actually probably lost by not staying in front of them,” Gallo said.

Business 402
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Selling Commercial Real Estate? 24 Practical Techniques to BOOST YOUR ROI on 5 Different Property Types

The Robert Weiler Company

In commercial real estate, return on investment (or ROI) is the amount an investor profits from a property sale after all expenses are deducted. CRE Property #2: Retail/Restaurant Storefront. With retail and restaurant properties for sale, access to a clean, ample parking lot is a big draw. When in doubt, invest in your roof.

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Inflation's Impact on the Housing Market

Eppraisal

The retailer pays more for the wood so likewise marks up the price for the consumer in order to make a profit. Yet swelling house prices go far beyond new construction and that is good news for the owners of existing homes. What about investors, who both buy and sell? This is true on the supply side, too.