Tue 9 Oct 2007
This is the Wedgewood Properties Investment Real Estate Blog.
We are continually talking to investors and owners about investment properties and strategies. We will use this blog to allow all our viewers to pick up on conversations to maximize their investment real estate. We discuss apartments and apartment management; Retail, Office and Triple-Net (NNN) properties; tax-deferred 1031 exchanges; how different property types and locations can benefit the investor. There are 2 main categories of strategies, Appreciation and Cash Flow. For example Santa Clara County has very high appreciation, but no Cash Flow; on the other side Midwest properties have almost no appreciation, but great cash flow. We can assist you in determining what works best for you. Please give us a call.
We recently had discussions with an investor that wanted to sell his small apartment property. I hate to use ‘small’ when the value is about $1m. It had been listed by 2 previous agents, and not sold. He wanted a quick sale, but the appearance from the street was horrific. Plants overgrown, extremely faded paint, and damaged garage doors. A previous agent told him to repaint the insides, which he did to no avail. Your rents are stable and the tenants are already there. Your paint the insides for the tenants, and the outside for the buyers.
We did some touch up on the front, added some new plants, and relisted the property. We had calls right away on the advertisments. we are now proceeding with a very legitimate offer to purchase from a strong investor.