Where do I go to find distressed CRE?

In General Area - Asked by Jeffery H. - Apr 30, 2017
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Alan C.
Suwanee, GA

Good question. Let us all know where you find it! Seriously though, the CRE market is so hot right now, (most would agree that we are at or very near a peak) there is almost no distressed commercial real estate in any sector in any state. Right now, the more advanced investors are having to look to properties that require remediation of mold, fire damage, functional obsolescence or other significant physical distress. Even the old standby for value add situations, the mostly vacant properties, are attracting high offers because there are so many investors chasing the same product. You may be better off waiting until next year when prices cool off somewhat. Or wait 2 years and buy during the next (and overdue) recession. If you must buy now, try looking at pre-foreclosures in your county. Find out the name of your local legal organ, usually a daily newspaper with a legal section. Expect to pay all cash, so search accordingly. Also, look for buildings that are neglected, but in good areas (or areas that you think will turnaround), that have turnaround potential through creative or adaptive reuse. Think run down offices that can be converted to condos, bowling alleys that can become a call center, etc. Happy Hunting...

Apr 30, 2017
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