There’s a lot to read about this week when it comes to investment real estate. You can see the recovery all around: signs of life in construction again, and recovering office vacancy rates with more upside in sight. Plus we’ve included some tips on property management, saving tax dollars, and financing the big deal.
Signs of Life: Development and Construction Finally Picking Up
With permit applications rising and starts in some markets up over 50%, things haven’t looked this good on the construction and development scene in quite some time.
"From a development perspective, what my clients complain about is not that financing isn’t available,” Toothaker said. “It’s that the terms are not acceptable or that the banks will only lend on something that they perceive as a completely safe deal."
Office Demand Still Catching Up With Job, Business Growth
The experts at CoStar are optimistic as vacancy rates continue to improve. Commercial investment real estate is looking better than ever.
"We think the office vacancy recovery is less than halfway done. We have more upside in occupancy in the office sector than any other property type that we track."
Income Taxes - 7 Income Tax Savings For Real Estate Investors
A great video outlining many of the tax savings available with investment real estate. More than a dozen examples of of ways you can save.
"Tax deduction lets you depreciate your real estate buildings…for 27.5 years you get a deduction just for owning real estate."
Timing Is Everything When Financing CRE
When it comes to financing investment real estate, the experts say there are times of the year when patience is definitely called for.
"There are times during the year when trying to get a loan financed is pure misery and there are times when the financing "gods" are looking down benevolently on you."
Property Management: The Case for Strategic Vacancy
If investment real estate is in your portfolio, you’ll want to pay attention to the advice and property management best practices shared by John Wilhoit Jr.
"If everyone in your market is at the exact same price point…customers are going to gravitate to the place they perceive provides the most value at that price."
With the market recovery firmly in place, expert advice on investment real estate is more important than ever. Learn why clients have trusted the professionals at Kernors LLC for nearly 90 years. Call today.