The Blog Catalogue

Web Blog With Regards To All Sorts Of Things

MetLife and New York State Common Retirement Fund Form Real Estate Investment Venture

NEW YORK--(BUSINESS WIRE)--MetLife, Inc. (NYSE:MET) announced today that it has formed a real estate botanique at bartley price list investment venture with New York State Common Retirement Fund, the third largest public pension fund in the U.S. The ventures initial investment portfolio, which will be managed by MetLife Investment Management (MIM), comprises seven properties valued at more than $1.4 billion.

MetLife sold a 49.9 percent stake in the portfolio to the New York State Common Retirement Fund. The portfolio properties total approximately 3.7 million square feet of primarily office space and are located in major U.S. markets. MetLife continues as the majority owner of the portfolio and administrator of the venture.

We are very pleased to partner with the New York State Common Retirement Fund on investing in this portfolio of high quality real estate properties, said Robert Merck, senior managing director and head of global real estate for MetLife. We share a strategy of investing for the long term, and we look forward to growing this equity real estate portfolio with them for many years to come.

MIM is the companys institutional client investment business. Now in its fourth year of operation, MIM currently has approximately $20 billion of total commitments from unaffiliated third-party investors across various asset classes including real estate equity, real estate debt and private placements.

About MetLife

MetLife, Inc. (NYSE:MET), through its subsidiaries and affiliates (MetLife), is one of the largest life insurance companies in the world. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management. Serving approximately 100 million customers, MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit

About MetLife Investment Management (MIM)

MetLife Investment Management (MIM), MetLife, Inc.s investment management business, has more than 800 investment professionals located around the globe. MIM is responsible for investments in real estate and in corporate private placements, index investing, infrastructure debt and other private transaction activities.

About the New York State Common Retirement Fund

The New York State Common Retirement Fund is the third largest public pension fund in the United States, overseen by New York State Comptroller Thomas P. DiNapoli. The Fund holds and invests the assets of the New York State and Local Retirement System on behalf of more than one million state and local government employees and retirees and their beneficiaries. The Fund has consistently been ranked as one of the best managed and best funded plans in the nation. Its fiscal year ends March 31, 2016.

Forward-Looking Statements

This news release may contain or incorporate by reference information that includes or is based upon forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give expectations or forecasts of future events. These statements can be identified by the fact that they do not relate strictly to historical or current facts. They use words such as anticipate, estimate, expect, project, intend, plan, believe and other words and terms of similar meaning, or are tied to future periods, in connection with a discussion of future operating or financial performance. In particular, these include statements relating to future actions, prospective services or products, future performance or results of current and anticipated services or products, sales efforts, expenses, the outcome of contingencies such as legal proceedings, trends in operations and financial results.

Any or all forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. Many such factors will be important in determining the actual future results of MetLife, Inc., its subsidiaries and affiliates. These statements are based on current expectations and the current economic environment. They involve a number of risks and uncertainties that are difficult to predict. These statements are not guarantees of future performance. Actual results could differ materially from those expressed or implied in the forward-looking statements. Risks, uncertainties, and other factors that might cause such differences include the risks, uncertainties and other factors identified in MetLife, Inc.'s most recent Annual Report on Form 10-K (the "Annual Report") filed with the U.S. Securities and Exchange Commission (the "SEC"), Quarterly Reports on Form 10-Q filed by MetLife, Inc. with the SEC after the date of the Annual Report under the captions "Note Regarding Forward-Looking Statements" and "Risk Factors," and other filings MetLife, Inc. makes with the SEC. MetLife, Inc. does not undertake any obligation to publicly correct or update any forward-looking statement if MetLife, Inc. later becomes aware that such statement is not likely to be achieved. Please consult any further disclosures MetLife, Inc. makes on related subjects in reports to the SEC.

L0116452969[exp1216][All States]

Real Estate Investing Tips, Calculators, Advice, Ideas, and Strategies

6 ways to ensure remodeling pays offFeb 10:Yes, a home upgrade can still be a smart move - if you follow some new rules.MoreHome renovations on saleDec 8:Materials costs are plunging, and contractors are begging for work. Suddenly that long-postponed remodel is looking like a smart idea.More6 D.I.Y. savers for your toolboxDec 8:With these low-cost toolbox basics and a little elbow grease, you can save as much as 75% on home projects.MoreBeauty without utility billsNov 25:When a Hawaii couple had to replace their roof, they seized the chance to become energy independent.More More Real Estate Tips10 easy ways to green your home10 house-selling secretsPlastic fantastic building materialsLove the home you're stuck withHome improvements on the cheapHow to find a contractor you'll loveSmart window shoppingAC in the winter? Brrrr-rilliant!If a storm hits, are you covered?6 cures for the small-kitchen bluesSoft home prices boost affordability Galleries American foursquares - the anti-Victorians American foursquares - the anti-VictoriansSimple, straightforward, the American foursquare style was a welcome change from the highly detailed Victorian designs.More Raising an eyebrow colonial Raising an eyebrow colonialExamples of this regional style abound north of New York City.MoreWrecking-ball bait - 5 teardowns Wrecking-ball bait - 5 teardownsHouses don't have to be falling down to be candidates for razing. What to look for.More CalculatorsWhat will your payments be?In the market for a new home? Find out how much you're likely to shell out for a new address.MoreHow much house can you afford?Tell us how much you make, how much you've got for a downpayment, and your debt, and find out how far to stretch when home hunting.MoreRenovation WizardSee the average cost of 15 common projects and how much they can add to the value of your home.MoreCompare cost of livingThinking about moving? See how much you should earn to maintain the same lifestyle.More RENOVATION WIZARD


Type of Project:Average job cost (2005 Natl Avg):$What will you get back?% Cost recovered%Value at sale$Get your local results from

Remodeling Online's 2005 Cost vs. Value Report

Elvis Presley Estate Sued For $130 Million By King's 'Real Daughter'

A Swedish woman who for more than two decades has been trying to convince everyone that she's Elvis Presley's real daughter and that Lisa Marie Presley has stolen her identity, has filed a lawsuit against the Presley family claiming more than $130 million in damages for defamation and infliction of emotional distress.

Lisa Johansen gained some notoriety after publishing in 1998 a memoir entitled, "I, Lisa Marie: The True Story of Elvis Presley's Real Daughter."

In the book, she told the story of how after Elvis died in 1977, Priscilla Presley left America while fearing for her daughter's safety. Forced to assume a new identity for her own protection, Johansen says she struggled to reclaim her name and heritage. To show she's the rightful heir of the huge Presley estate, Johansen also reportedly pointed to some evidence, such as a skull and face analysis of Lisa Marie Presley.

At the time of the book's publishing, the odd story gained some press attention, but it quickly lost its luster after Johansen reportedly refused to take a DNA test. In 2000, the Texas-based publisher of "I, Lisa visit site Marie," which had given her a $200,000 advance to write the book, sued her for $50 million for damaging sales of the book.

Johansen became mostly forgotten, subject to occasional Internet rumors, but she hasn't backed off of her claims. Recently, she's pressed authorities in the UK to investigate possible identity theft, and a few months ago, on the anniversary of Elvis' death, she showed up at Graceland and had conversations with some of the staff.

This led the Presley family to reach out to Marty Singer, the pitbull Hollywood attorney, who in August fired off a warning letter to Johansen's representatives. In the letter, Singer advised that the "malicious false claims and offensive wrongful conduct" of Johansen would no longer be tolerated and that it would lead to action if the woman didn't restrain herself.

So Johansen reacted by filing her own lawsuit a week ago in Tennessee federal court against the Presley estate. The woman says that the family has been attempting to intimidate her and has been spreading lies about her. She says that she went to Graceland by invitation and that the defendants are attempting to harass her away from her claims.

Meanwhile, the whole bizarre mystery might be put to rest soon enough. According to one of documents she submitted in this case, Johansen consented to a DNA test from London authorities in 2010.

Reasons to Buy a Home in the NC Mountains by Nora Hall

The Current Asheville Real Estate Market: Reasons to Buy a Home in the NC Mountains

by: Nora Hall

Asheville, North Carolina: A Small City with a Big Personality

Over the last two years the U.S. real estate market has seen its ups and downs, along with the global economy. Like anything else in our world the real estate market has cycles. Change is natural and there are always opportunities to be found during these shifts, we just have to take the time to discover them.

Although Asheville is a small mountain city nestled in the most Western region of North Carolina, the community spirit, quality of life and overall positive vibe continue to make it a desirable place to live, work, raise a family or retire. Asheville was voted number 8 of the "Top 10 Best Southern Cities"in the Southern Living Reader's Choice Awards in 2009. This year and next year, homebuyers have a great opportunity to purchase homes in Asheville and mountain properties in Western North Carolina at prices they can afford.

The Asheville Real Estate Market: No Rose Colored Glasses Necessary!

The best way to buy or sell a home in a serious buyers' market is to throw a knockout post out the daydreams, assumptions and ideals. The key to a successful real estate transaction is realism, based on facts. So what do Asheville homebuyers have working in their favor?

Real Estate Opportunity #1: Affordable Asheville Homes and WNC Properties

In today's buyers' market first time homebuyers can get a fair, affordable price on local properties. This applies not only to the city of Asheville, but also to surrounding areas like Weaverville, Black Mountain, Hendersonville, Arden, Fletcher, Leicester and more. The extension of the first time homebuyers federal tax credit until the spring of 2010 and the great current mortgage rates are added incentives for homebuyers searching for real estate in WNC.

Real Estate Opportunity #2: Plenty of Inventory Means Plenty of Options

In Western North Carolina, as of Nov. 1st, there are 8,889 homes for sale in the WNC MLS. Buyers can negotiate better deals now than in past years because more inventory is on the market. Buyers don't have to settle for a home that doesn't meet their needs, they can hold out until they find the piece of Asheville real estate or mountain property they've always dreamed of. Sellers are also aware of stiff competition and the need to make homes more presentable and move-in-ready.

Real Estate Opportunity #3: The Strength of Asheville's Real Estate Past

Historically, buying real estate in Asheville has been a sound investment and it will continue to be so. Purchasing a home or land as a long-term investment of 3 to 5 years or more is recommended. According to the "Western North Carolina Real Estate Market Report 3rd Quarter 2009", published by Coldwell Banker Kasey Real Estate, between January of 2009 and September 2009 Average Homes Sale prices dropped by 5.75%.

This proves the Asheville market has experienced some positives in comparison to the rest of the country. For example, according to the "3rd Quarter 2009 Prudential Douglas Elliman Manhattan Market Overview" the average home sale price was down 10.6% from last year. Other cities have seen an even sharper decline so although the number of days a home or property stays on the market is still high; Asheville's real estate outlook is still strong and viable. WNC and the city of Asheville also have a lower rate of short sales and foreclosures than many other cities.

The Asheville Real Estate Facts: Knowing the Hard Data Leads to Real Estate Success

Choosing an experienced, educated, full time agent ensures all parts of the real estate transaction are completed in a timely manner with attention to detail. Know the facts about the local market and deal with a real estate professional that does too.

(All information has been taken from the local MLS and published in the "Western North Carolina Real Estate Market Report 3rd Quarter 2009", published by Coldwell Banker Kasey Real Estate.)

Asheville Area Average Home Prices:

January to September of 2009 Average Sale Price

Buncombe County (where Asheville is located) - $258,556

Henderson County - $212,661 Haywood County - $209,011

January to September of 2008 Average Sale Price

Buncombe - $274,325 Henderson - $235,264 Haywood - $219,733

Asheville Area Real Estate Inventory: In today's real estate market there are a lot of choices.

September of 2008

6,200 single family homes available for resale in WNC

2,101 in Buncombe County 565 condos available 271 were in Buncombe

September of 2009

6,682 resale single-family homes in WNC available for resale

2,230 in Buncombe 630 condos available 285 in Buncombe

10 Tips for First-Time Home Flippers

For those unfamiliar with the house flipping term, it refers to the process of purchasing a home that is in need of repair or restorationusually one that is considered a great buy and below market valuethen quickly overseeing the homes needed restoration, with a close eye on the budget and a goal to swiftly sell the rehabbed property for a profit.

In such settings, the house is referred to as the buyers flip, and those who take on the financial risk are often referred to as the flippers.

House Flipping 101: Eliminate Real Estate Risks

In spite of the nations sagging economy, house flippingtoday more than everis big business. But for a flip to be successful, especially for those who embark on their first-ever house flip, its critical to minimize risks from the start, advised Chad Sloan, a South Carolina-based real estate agent and successful house flipper whos been featured on Flip that House a popular half-hour reality-TV series that chronicles a given home flip from its initial purchase to its restoration and final sale.

Involved in real estate for 13 years, Sloan has successfully overseen flips for a dozen of those years, in addition to giving Flip that House its highest ratings to date with his February 2008 episode. So, aside from serving as a full-time real estate agent and flipping houses for his own profit, Sloan also now serves as a consultant for other house flippers.

Flipping Advice from A Pro

Sharing his expertise in a recent telephone interview from his Columbia, S.C., home, Sloan offered the following top-10 suggestions for wanna-be or first-time flippers:

Do Your Research: Before purchasing a home to flip, do your research; thats the main thing, Sloan stressed. That means research the property, the location, find out how motivated the seller is and so on.

One the most common mistakes beginning flippers make, he warned, is paying too much for a flip from the outset. A motivated seller can be key in getting the right price for a flip.

Find a Good Home Inspector: This is very important. You can usually look at referrals and ask for them from people already in the real estate business. Most people in the business know others who flip houses, and they know people who inspect houses. A lot of people dont want to spend $300 or $350 for a good house inspection that could save them thousands in the end, Sloan warned.

Be Aware of Trends: Keep in touch with trends, such as hardwood floors, which are coming back. It used to be carpet, but now its hardwood," he advised. "Tankless-water heaters are coming in now, too. Its important to know what buyers want so you can move the house quickly once its repaired and remodeled.

Be Mindful of Time and Pricing: If (a flipped home is) priced to sell, vacant, clean and fresh, it will move quicker than a home where a family needs time to move out and then repaint. I like to get in and get out on my flips, remarked Sloan, who flips more than 12 homes year.

DIY and Contract the Rest

Do What You Can and Contract the Rest: Do as much of the small work as you can to cut down on costpaint here and put up shutters there, little things like that helpand then find good subcontractors to do what you cant. And again, he reminded, locate them by referral; thats always the best.

Also, he offered, Always get at least three bids from subcontractors for given jobs. Stick with people who specialize in specific areas. Avoid handymen who are jacks of all trades and a master of none.

Invest in Areas that Will Garner the Biggest Return: Kitchen and bathroom upgrades will give you the biggest return.You dont want to buy the most expensive appliances or upgrades available, but you dont want to cut too many corners, either. If you cut too many corners, it shows. Keep upgrades in line with the price of the house, especially homes in the $70,000-$200,000 price range

Expect the Unexpected: Always expect the unexpected. No matter how well you budget, something will come up to throw you off. Something you can see or that you cant see will happen, such as weather or what happened to me (on the Feb. 9, 2008, episode of Flip that House) when the glass company I was using ran out of glass.Whoever heard of that happening? Sloan asked. I never had, but it did.

Cultivate Curb Appeal

Develop the Home's Curb Appeal: Curb appeal is big. Curb appeal will sell a home first. Some people go in and dont do the landscaping right, like they put big shrubs in front of a small house, and thats not good. Ten percent of what you spend on the flip probably needs to go in the landscaping, he advised.

Contact Experienced Flippers Before Beginning: Probably a lot of people who could do a great job flipping dont want try it, because they get too scared. I would find someone whos doing it and be an apprentice. Just watch them and see what they let you learn from them.

Spring into Action: Spring is always the best time for flipping and selling, Sloan added. For those who choose to flip in the fall or winter, be prepared to wait longer for a sale, he warned. If you can't afford to make the mortgage payments for what may be an extended time during these slower-selling seasons, it's best to wait for warmer weather and more potential buyers.

To view full episodes of TLC's Flip that House online, visit

Readers who enjoyed this article also may be interested in Wheelchair-Using House Flipper is on A Roll.

First Real Estate Investment Trust (FRET.SI) Quote|

First Real Estate Investment Trust (First REIT) is a Singapore-based healthcare real estate investment trust (REIT). First REIT is focused on investing in healthcare and healthcare-related real-estate assets throughout Asia. The Trust operates in Indonesia, Singapore and South Korea. The Trust has an asset portfolio of 16... (more)

Real Estate Investment Tutorial


Your rating: None Average: 2.8 (6 votes)

This is an excerpt from my book: Turning Myths into Money; An Insider's Guide to winning the Real Estate Game.

Buying an investment property can not only provide monthly income, but also serve as a retirement vehicle. But you do need a certain level of knowledge to become an effective investor. Learn everything you can.

The worst real estate investment is one unit (a house); the next worst is two units, and so on. The reason for that is the return on investment and the risk. If you have four units and one is vacant, you still have income from the other three units. But if you have a house (one unit) and it is vacant, you have no income. Also, the income from four units will be proportionately higher than one unita housewhich will give you a better bottom line.

A lot of commercial properties are rented triple net(NNN), which means the tenant pays the property taxes, insurance, and maintenance costs. That also makes for ease of management.

Following is a summary of investment property types:


Disadvantages: Very expensive to maintain.

Very management-intensive. The magic number is 20 units,

when it becomes economically feasible to hire a full-time

resident manager

Rehab costs when tenants move out

Advantages: People always need a place to live, so you have fewer


Easier to finance. If you buy two to four units, and live in one,

you can obtain favorable owner-occupied financing

Depending on price, you may be able to obtain a low down

payment FHA loan on a two to four unit building if you

occupy one unit.

2. INDUSTRIAL Typically a tilt-up concrete warehouse building with some office space. Can be single-tenant or multi-tenant.

Disadvantages: Single-tenant buildings have more risk.

Difficult to rent use this link if the building was modified to suit a particular


Advantages: Leases are generally triple-net, so you have no expenses,

other than property management.

The most stable of all property types

Least management-intensive of all property types. You can

basically lease it and forget it.

3. OFFICE Fully improved building with drop ceilings, heating and air-conditioning, private offices, and lobbies. Can be single-tenant or multi-tenant.

Recently a new trend has emerged: office condominiums. However, these are usually owner-occupied.

Disadvantages: Difficult to lease. Typically has the highest vacancy rate of any property type.

Single-tenant buildings have more risk.

More difficult to finance

Landlord usually pays expenses

Advantages: The exception is the medical office building, which is easier to rent and finance.

4. RETAIL Can be a single-tenant building (like a restaurant) or a multi-tenant building (like a neighborhood shopping center).

Disadvantages: Difficult to keep rented in bad economic times.

Need to spend money to maintain exterior appearance

Advantages: Leases are NNN, tenant pays expenses.

Less management-intensive than offices or apartments

There are also MIXED-USE projects, a combination of office and retail,or apartment and retail, which turn out to be the worst of all worlds. You get high maintenance, high expense, and high vacancy.

And then there is LAND, which usually generates no income and is considered an alligator because you have to keep feeding it. This is generally not good for most people, especially first-time investors, because you have nothing but negative cash flow.

Some people say that land is good if you keep it for the long term. If you believe that, look what happened to land between 2009 and 2010. Land prices went down more than 80 percent. You couldnt give it away.

In some cases, residential land values were less than zero, because the falling house prices wouldnt even support a land acquisition price of zero! Even if the builders could get the land for free, they would still lose money.

To learn more, read my book: Turning Myths into Money.

Note: If you buy the book before June 1st, 2011, (Launch Date), you will receive FREE bonus gifts worth over $3,000, including the "Self-improvement Treasure Vault," an awesome collection of 100 self-help e-Books, designed to fully enhance your life.

First, buy the book, go to:

Then, after you purchase the see post book, go to: to download the bonuses.

Author's Bio:


During his 30 years as a real estate broker, H. Richard Steinhoff has been involved in thousands of transactions with buyers and sellers. This gives him a unique perspective, because he can speak from experience in the trenches."

Steinhoffs education includes a Bachelor of Science degree in Business Administration from California State University, and a Certificate in Business from UCLA Graduate School of Business.

His real estate background includes serving as president of the ERA Broker Council, president of the Broker Council of Southern California, vice-president and director of the Board of Realtors, director of the California Association of Realtors, and member of the National Association of Realtors.

Steinhoffs community involvement has included serving as vice-president and director of the Chamber of Commerce, president of Center 500 (a major fundraising organization for the Segerstrom Center for the Arts), ex-officio director of the Segerstrom Center for the Arts, director of the Laguna Niguel Community Council, president of the Club at Rancho Niguel, and president of the Crown Royale Homeowners Association.

He has received the Man of the Year Award from the Chamber of Commerce, the Presidents Award from the Muscular Dystrophy Association, and has been listed in Whos Who in California as well as Whos Who in the West. Richard holds a CIBM designation and is a member of the American Mensa Society.

He is an avid golfer, amateur magician, and a U.S. Marine Corps veteran.

The urban prepper: Purchasing an abandoned property in Philadelphia

In an urban environment prepping comes with its own advantages and challenges. This is especially true in a city like Philadelphia that has a population of 1,547,607 and 90% of the homes are row houses which can make life there feel a little cramped. There are over 11,000 people who live in each square mile of the city.

They come in all sizes.

They come in all sizes.

There's over 30,000 to choose from.

Although homeownership has risen slightly over the last couple of years, Philly is home to renters over 45% of the residents to be precise.

You can prep as a renter, but there are some disadvantages to it.

1. You live either on a lease which typically lasts for only a year or, especially if you opt not to renew the lease, you live on a month-to-month lease at which time the propertys owner can decide that they want you to vacate the property. Even with a yearly lease the owner can ask you to leave.

2. Many leases prohibit the renter from making any adjustments to the property such as the addition of a root cellar or the installation of a generator. There are also some landlords that dont want holes, even those for the purposes of hanging a picture, in the walls.

3. Rental prices have dramatically risen in Philly over the last five years. This means that you are putting money into something that you dont own and are draining any resources you have to prep not only for an emergency, but for after an emergency hits.

4. You wont have any real stability. As long as you pay your rent on time and are a responsible tenant, youll have a place to stay. Hopefully. Once an emergency hits, the landlord can easily evict you regardless as to what is going on outside.

So what can you do?

You can look into purchasing your own property and there are a couple of options. You can purchase an older move-in ready house or one of the many newer homes that are being built around the city. Both options come with a pretty big price tag and at least a 15 year mortgage, but there is a third option that could possibly enhance your prepper skills. Its called purchasing an abandoned property.

In the City of Philadelphia there are two types of abandoned properties. One is privately owned in which the owner continues to pay the taxes on the property, but the property is vacant. The owner may also owe taxes on the property, but not enough for the city to seize the property -yet.

The second type is an abandoned property that is owned by the city. Many abandoned properties that owe taxes or fines are taken over by the city in an effort to try and sell it.

The process in which you purchase an abandoned property also differs depending on who owns it.

If youre interested in a property, the easiest way to find out who owns it is to go to the City of Philadelphias website at: At the bottom of the main page under the topic of Property, click on Property Assessment and youll be taken to the Office of Property Assessments web page. After clicking on Property Information you will have the opportunity to search for either a certain property or review an entire block by clicking on the Property Search function.

This will lead you to another page where you can search addresses of an entire block by typing in the first address and the blocks name or type in an actual address. Leave off street, avenue, road, etc. If youre doing an entire block, the list of addresses will come up and you can choose which one you want or you can go through each address.

At the top of the page next to the address there will be an account number, copy this number as it is referred to as the BRT number.

At the bottom of the page you can click on the View Tax Balances which will take you to the Revenues Department page. Paste the BRT number and it will take you to that address' tax information. If there is money owed in taxes, that property (depending on the amount) is in danger or is in the process of being seized by the city.

On that page you will also find the contact information for the owner in which you can contact them by writing a letter. You can also submit an inquiry of the property to the city and they can fill you in on any status of the property. If the property is owned by the city or in the process of being seized it will tell you so.

Any property that is listed as being owned by the city is when things get a little more complicated as usually is the case.

In 2014 the citys political leaders created the Philadelphia Landbank that will take the 40,000 abandoned properties and sell them. Thats great. The bad thing is that City Council members have control over who can buy go to website the properties in the district that they represent.

Still, its the only way to purchase a property that is owned by the city. It is estimated that over 70% of abandoned properties are owned by the city and 90% of all abandoned properties are residential properties.

Once you have identified a property as being owned by the city in order to start the process of purchasing it, please visit:

The website also has properties listed and information on purchasing abandoned properties.

So why buy an abandoned property?

Most of the houses are decades old (early to mid 1900s) and were well built unlike the newer house that have been constructed since the 1990s. Although they have been abandoned these houses have also survived adverse weather conditions, fires or human destruction. In addition, houses that were built during this era were also built on larger lots of land which is what, as a prepper, you will need for gardening or installing a generator. You can also make the home totally prepper ready by installing solar panels, etc.

It's also important to know that many of the homes around the city that have been built in the last five years, and up to the present, do not have basements which is critical to a prepper. Sure these homes are new and shiny, but would they be able to withstand an emergency? Probably not since they are built with prefabricated materials.

There is also the issue about the type of neighborhoods these properties are located in. It is important to know that Philly is in the process of gentrifying some of its rundown neighborhoods and many areas have already began to experience gentrification.

Its just as important to keep in mind that once an emergency hits theres going to be no place (this includes living out in the middle of nowhere) that will be 100% safe.

Purchasing an abandoned property will also be a lot cheaper than buying a home thats move-in ready. Currently the median housing rate is $200,000, but you can purchase an abandoned property for as little as a couple of thousand of dollars. There are also no closing costs or realtors commission involved.

These houses will need all the work done (including plumbing and electrical), but you can design or rehab the home according to your own specifications. Theres also a lot of work that youll be able to do yourself which are skills you will need as a prepper.

Most of the houses that are city-owned will need everything done because the insides of the homes have been stripped. If you purchase an abandoned property from the owner it may be in better shape.

Lastly, purchasing an abandoned property improves the citys landscape and youre building yourself a type of fortress that will help you weather any type of emergency. Purchasing an abandoned property also fits into a prepper motto: reduce, reuse, recycle. So why buy new when you can buy something thats withstood the test of time?


'The Walking Dead' Recap: Tiptoe Through the WalkersWarning: This recap for the Start see post to Finish episode of The Walking Dead contains visit site spoilers. Alexandria lost its original leader, two of the most capable people in town were duking it out with each other, the big bad Wolf is on the loose, Glenn still hasnt reunited with Maggie, and things in

10 Money-making Advantages of Real Estate Investing in Commercial Property

By Dr. Howard E. Haller - Professional Keynote Speaker on Intrapreneurship & Real Estate - Real Estate Expert, Licensed Real Estate Broker, Licensed General Contractor, Real Estate Developer & Investor, and Published Author.


Your rating: None Average: 5 (113 votes)

10 Money-making Advantages of Investing in Commercial Property

Investing in commercial properties is the secret to success for many of the worlds most wealthy real estate investors. Theres no reason you cant also build massive, passive cash flow; spread your investment risks; use leverage effectively; and build substantial equity.

Whether youre investing in office buildings, retail stores, or industrial complexes, commercial property has several real advantages.

No. 1. Higher income potential

Commercial real state garners a higher rent, or lease payments, per square foot than residential singe-family real estate, or apartments, and therefore, the investor has a better chance of earning more income.

No. 2. Lower vacancy risk

By its very nature, commercial real estate has the advantage of lower vacancy risk, because it always involves two or more units. Unlike single-tenant investments, such as a single-family home, the vacancy risk with commercial properties is spread over several units.

For example, one empty office out of Going Here 20 is only a 5-percent vacancy. For commercial real estate, this 5 percent is less traumatic financially than a single-family home sitting vacant in which case the investor experiences the painful and costly loss of 100-percent of his monthly rental income.

No. 3. Less competition

There is less investor competition in commercial real estate because some investors are not comfortable in larger investments, such as office buildings, shopping centers, or industrial complexes.

But remember: Though these types of larger investment are out of many other peoples comfort zone, they dont need to be out of your reach.

No. 4. More flexible sellers

Perhaps a direct result of the fact that there are fewer investors, the owners of commercial real estate typically are more flexible when selling their properties. They arent as emotional as people selling their homes; the sale is simply a business decision.

And because theyre in a business frame of mind, the sellers are more likely to understand and agree to a buyers request next for 100-percent seller financing; partial seller carry-back financing, such as a second mortgage; or second trust deed behind an institutional lenders first lien. Note: in Canada, this is refereed to as vendor take-back financing.

No. 5. Depreciation tax shelter

Investing in and holding onto commercial real estate provides you a significant tax shelter through the depreciation of the building and improvements. The depreciation write off allowed by the IRS, and most states, shelters your new passive income.

No. 6. Expenses paid by tenants

Another advantage: In many commercial properties the tenants pay all the buildings operating expenses. This is especially true in triple net leases, which are common in the commercial industry. In addition to paying the base monthly lease payment, the lessee also pays his or her pre-rata portion of the entire propertys expenses, real estate taxes, property insurance, and maintenance.

Plus, most retail leases include a provision indicating that the landlord receives a percentage of the retail establishments sales or a percentage rent bonus. For example, the tenant pays a base monthly lease payment and the landlord gets a bonus if sales exceed a specified number.

No. 7. Equity build-up

the tenants leases payments provide you, the owner, with the cash to make the mortgage payments, which results in a nice growth of equity over time.

No. 8. Solid economic value

Another advantage of owning commercial real estate is that you can buy a stable cash flowing property for less than it would cost you today to build the exact same commercial building new, in the same neighborhood. Because most existing commercial properties can be purchased for less than their replacement cost, or the cost to build them new, they provide solid economic value. The economics of commercial real estate investing are based on their historical documented Net Operating Income, or NOI. Net Operating Income is simply the actual Adjusted Gross Income [scheduled rent vacancies], minus the actual Operating Expenses of the commercial property, excluding the debt service.

[Dont accept proforma financials on the property, get the real actual NOI for the last three years- the Du Diligence Section of this article to understand what you need to get!]

No. 9. Massive leverage

With commercial real estate, you get financial leverage combined with long-term, fixed-rate institutional financing combined with partial seller financing.

No. 10. Long-term capital appreciation

Holding on to multi-unit or commercial properties over the long term will provide you with possible capital appreciation and increased cash flow, as a a result of higher rental rates over time. The increased cash flow can lead to long-term massive, passive income, with appreciation as the frosting on the cake.

Due Diligence Is Critical

The commercial real estate due diligence process begins when you initially contact the seller or the sellers agent or broker. During the contract negotiation phase, the due diligence process is well underway.

As a commercial real estate investor, you need to clearly identify for the seller exactly what you need to analyze your potential investment intelligently. Frame your request for documentation with phrases such as, in order to make an informed, intelligent business decision, I will need the following documents

Commercial real estate property owners are, generally, more knowledgeable and sophisticated than residential owners. Start with a simple request for basic information, such as a current rent-lease roll, copies of all current leases, and the income and expenses for the commercial real estate property for the last two to three years. The more sophisticated the sellers, the less they are surprised or upset by a detailed comprehensive list of items needed for a complete due diligence. Start with the request for basic information that you need and then add additional requests, as necessary.

The final due diligence analysis of a potential commercial real estate investment should be the request for and review of the IRS Schedule Es [the income and expenses reported to the IRS] for the subject commercial property for the last three years. You dont need to request their entire tax return, only the last three years Schedule Es.

FYI I recommend as part of your Due Diligence, that you should request they will be sent directly from the owners CPA to you. [In Canada, instead of the IRS Schedule E, investors should ask for the T776 Form submitted to Revenue Canada for the last three years and to receive it directly from the Vendor's ( Sellers's)Chartered Accountant.]

Most commercial property sellers, or their agents, will give you what you need in a timely manner. Only sellers who may be hiding something will refuse a reasonable request for information to the potential buyer, such as the last three years Schedule E for the subject commercial real estate. If the seller or agent refuses to provide the requested information, then you should be prepared to walk away from the deal.

Copyright 2005-2010 Dr. Howard E. Haller. All Rights Reserved.

Author's Bio:

Dr. Howard E. Haller, Professional Real Estate & Intrapreneurship Keynote Speaker

President & CEO, Haller Companies &

(Real Estate Broker, Contractor & Developer), and

Chief Enlightenment Officer of the Intrapreneurship Institute

Licensed Real Estate Broker & Licensed General Contractor (Real Estate Mentor Co.)


Dr. Howard E. Haller is a real estate developer, Licensed real broker, real estate investor,and real estate mentor. He is a Professional Speaker (Member NSA) delivering Keynote Speeches and Seminars on Real Estate investment (US and Canada), Real Estate Finance, Real Estate Development, Leadership, Intrapreneurship, Entrepreneurship, and Innovation.

Dr. Haller has been a Licensed California Real Estate Broker for 25 years. He is a Licensed California Engineering Contractor & General Contractor for 20 years. He has built or project managed the building of well over 2.1 million Square Feet of Commercial Real Estate across the US.

Dr. Haller has been personally involved in $465 Million in Real Estate deals: Buying, Selling, Rehab, Flipping & Developing Residential & Commercial Real Estate in the US & Canada..

Dr. Hallers Intrapreneurship Institute can companies or associations help evaluate, design, and implement an Intrapreneurship Program within a company to effectively utilize the intellect and creativity of human capital of an organization to help maximize productivity and profits. The Intrapreneurship Institute can provide Keynote Speeches, Executive Briefings, and Workshops on the benefits and program features of an intrapreneurial program.

Dr. Howard E. Haller is a successful serial Intrapreneur, an accomplished serial Entrepreneur, seasoned senior corporate executive, and published author of two books: "INTRAPRENEURSHIP SUCCESS: A PR1ME EXAMPLE" published by VDM Verlag Dr. Mller AG & CoKG ISBN 978-3-639-17509-7, and is now available on Amazon in the US, Canada, UK and Germany. Intrapreneurship Success tells the inside full story of how a small OTC listed company grew to be the #1 performing stock on the NYSE in only five years.

Dr. Howard E. Haller, Real Estate Investor, Licensed Real Estate Broker, Licensed General Contractor, Real Estate Developer, published Author, and Professional Keynote Speaker on Intrapreneurship & Real Estate

View older posts »

My Website

Customizing your website is easy. Just login and point your mouse at any content block on the page and an editor will come up allowing you to change or delete it.

To add more content, change your theme, or access other features, explore the toolbar at the top of the page.