News
How to Buy & Sell Apartments Workshop – Commercial Real Estate 101
Nov 22nd
Buy & Sell Apartments San Diego Workshop
For Immediate Release: GABHART INVESTMENTS INC. CEO TO TEACH APARTMENT INVESTING WORKSHOP
SAN DIEGO, CA (Dec 4, 2010) — Gabhart Investments Inc. CEO Curtis Gabhart will teach a four-hour interactive workshop named Commercial Real Estate 101 – How to Buy & Sell Apartments on Saturday Dec. 4, 2010 from 10 a.m. to 2 p.m. at the Double Tree Club Hotel in San Diego. The workshop is designed to offer educational insight on how to break into the apartment market, in addition to presenting attendees with the opportunity to gain professional contacts, advanced industry information and the necessary tools to succeed in today’s market. Pre-registration fees are $49 or $99 at the door.
The workshop will focus on key fundamentals, including:
- Learn the Right Time to Start Buying Apartments
- Where to Find Deals Before They Hit the Market
- How to Analyze Potential Deals Like An Expert
- Proven Ways to Develop A Winning Presentation to Earn the Confidence of Investor Partners
- Top Gimmicks & Traps To Stay Away From
“I am very excited to host this workshop with REI Wise. This workshop, accompanied with future workshops, will provide the insights on how to look and think about investing in apartments. In today’s dynamic and uncertain economic times, for investors to try and figure out what time to buy, sell, or hold is the big question right now. The time to look at apartments is now, as this market is seeing on of the strongest recoveries across real estate assets. The investment strategies and inside information acquired from these workshops will provide you, as an investor, the tools needed to succeed in today’s uncertain real estate market.”
Curtis Gabhart has spoken at several engagements ranging from transitioning from residential to commercial, apartment brokerage, condo conversion, raising capital, etc. Gabhart is a respected commercial real estate investor who specializes in apartment acquisitions and dispositions, ownership and operations. His expertise lies in the repositioning apartment buildings for maximum performance and value at resale. In the past, Gabhart was an owner and principal of ACI Apartments Inc., where he was involved in over $250 million transacted & has personally transacted over $40 million in his own deals. ACI Apartments has repeatedly been recognized as the most successful income property brokerage firm in San Diego. Gabhart currently serves as a board member on the University of San Diego’s Burnham Moore’s Center for Real Estate Commercial Real Estate advisory board and also served as the past President of the San Diego Commercial Realtors Association, was on the 2009 Board of Directors of the CCIM San Diego Chapter.
How to Buy and Sell Apartments flier and sign up.
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B of A resuming foreclosures in 23 states
Oct 19th
As you probably know, on October 2, 2010 Bank of America announced that they were halting all foreclosures in the US due to allegations that the bank was using faulty paperwork to foreclose on homeowners. Lawmakers urged other banks to do the same but the Obama Administration wasn’t having any of it, claiming a national moratorium on foreclosures would be harmful to the fragile real estate market (fragile, chaotic, whatever you want to call it). Starting Oct. 18th, Bank of America resumed foreclosures in the 23 states that require a court order to foreclose, an estimated 102,000 cases. They expect a plan of action in DC and the other 27 states in a couple of weeks. This news, combined with high unemployment and steady property values, means we will continue to have a steady supply of distressed inventory that needs to be purged by the banks. Gotta go, my phone is ringing off the hook with hungry agents.
Click here to watch a short clip: B of A Foreclosures Resume
Making Money in Housing – CNBC.com
Aug 31st
Making Money in Housing – CNBC.com.
Following is a 7 minute video that was aired the 24th of August on CNBC with Hessam Nadji of Marcus & Millichap Advisory Services, and Alex Goldfarb of Sandler O’Neaill & Partners.
The subject of the interview is how to make money in the housing sector right now
Here are some key points.
- Apartments leading recovery by demand, followed by industrial properties
- The Commercial Real Estate sector usually trails the economy by 6 months and Multi-Family is usually the first to recover (which is starting to happen) due to there short terms leases. The meaning is that since the apartment leases are usually a year or less they can be adjusted upward as the market or that segment improves.
- Starting to see multi-family REITS doing better. Raising there rents on average of 5% over the last 12 months.
- Home ownership is going down which is good for rentals.
- Some people are realizing that owning homes is very expensive and only having to write one check for their rent is attractive.
They also talked briefly about the fact that institutional investors are looking at core trophy properties and locations. They are much more conservative and are betting that once a recovery happens that there will be above average rent growth due to the supply constrained markets they are in and the lack of multi-family construction that has been done.
I know many of you probably wonder why a company (institutional/REIT) would buy buildings at 5 CAP rates and it is a good question. What you need to consider though is they are usually more conservative and they are comparing these investments to T Bills which are giving almost no returns.
Private investors are looking at non core properties B & C. This is what most of us will buy.
Personally I am thinking that it is time to start considering Apartments again (remember I am more of an apartment investor than houses but it is the houses where we are making the returns right now because there are not many attractive apartment deals we are finding).
I don’t believe in just jumping right (back) in. I like to wait until there is some type of pricing trend because right now there is not enough sales in San Diego to be able to accurately price apartment buildings.
It’s also good to watch other people work out the kinks and really study the market/niche you are going into. Knowing the market (your niche) better than your competition is how you create opportunities for yourself. For example if you know rents can be 20% higher than your competition because you know that segment better you have the advantage of making better choices.
Twitter Weekly Updates for 2010-08-29
Aug 29th
- The safe way to double your money is to fold it over once and put it in your pocket. ~Frank Hubbard" #
- Women have a passion for math.They divide their age in 1/2, 2xthe price of their clothes,& always + at least 5 yrs 2 the age of best friend #
- horrible MLS photos – http://YOUR_URL.com/?p=1105 – so pitiful stuff like this happens. This is why #realtors get a bad name #
- Man I went to do an inspection on a #flip we're buying in #vista and it turned into a 7 hour adventure and now I am behind! #
- Apartment Building Financing: 4 Alternative Methods http://bit.ly/bCtnAl #
- Off to the #padres game. First game I've been to of the season. #
- everything seemed so under control while I was on vacation and all hell broke loose the day I got back. I must attract chaos? #
- I love #real estate. There aren't many jobs where the sky is the limit or U can completely fail (if you give up B4 you make it). IM LUCKY #
- I liked a YouTube video — 30 Day Property Buying Challenge – pt 1 Intro Video.mp4 http://youtu.be/vsVfnyBdpmg?a #
- I favorited a YouTube video — Man Stroke Woman – Estate Agent http://youtu.be/jThcc5lbfOs?a #
- I favorited a YouTube video — 30 day flip challenge property 1 pt 1 – 5th chula vista http://youtu.be/sV3KFmdOYAA?a #
- I favorited a YouTube video — 30 day flip challenge property 1 pt 2 – 5th chula vista http://youtu.be/7ebNEwsZ-K8?a #
- I favorited a YouTube video — Bullrush Glen – 30 Day Flip Challenge Property 2 http://youtu.be/VQLoFCX71Rs?a #
- I favorited a YouTube video — 719 Pennsylvania 3-17-2010 http://youtu.be/nXdi7xto5vo?a #
- I favorited a YouTube video — 30 day flip challenge property 1 pt 3 – 5th Chula Vista http://youtu.be/_fn2ARVJRPw?a #
- I favorited a YouTube video — 30 Day property buying challenge Pt 4 Good Relationships… http://youtu.be/_nyQZ0jBjyk?a #
- I favorited a YouTube video — Man Stroke Woman – Estate Agent http://youtu.be/jThcc5lbfOs?a #
- Watching the ufc fight at nationals in #torrance with my bride. Looks like an interesting card. http://twitpic.com/2j6edz #
Twitter Weekly Updates for 2010-08-22
Aug 22nd
- Better price your flips right & don't try to come out with an overpriced listing or you may be sitting for a while. http://bit.ly/aV6Nbk #
- My 7 year old has no idea how 2 use a real phone. She just picked up our hotel phone 2 dial & asked "where is the send button"! – how funny #
- what are the best #realestate #blogs ??? #
- You get what you pay for with online #real estate appraisals. http://bit.ly/b49wwc #
- Professional investors move into #flipping #foreclosed #homes – latimes http://bit.ly/c209zh I seem 2b getting better discounts on the mls #
- Com re < 41% p drop http://bit.ly/9bDZ8j #
- RT @USATODAY Federal workers earning 2 X their private counterparts http://usat.me/39636276
WOW! Aren't U supposed 2 make < 4 gauranteed $ #
Twitter Weekly Updates for 2010-08-15
Aug 15th
- Heartbreak kid with ben stiller is friggin funny. Watch it if u haven't seen it. IF you have a sense of humor that is. #
- http://www.signonsandiego.com/news/2010/aug/10/federal-reserve-tries-boost-flagging-economy/ #
- http://www.signonsandiego.com/news/2010/aug/10/san-diego-commercial-real-estate-flat-2nd-quarter/ interesting that cap spreads narrowing #
- RT @USATODAY Feds rethink policies that encourage home ownership http://usat.me/39651232 when this happens it's time 2 buy apartments #
- Short sales soar in California, U.S. – latimes.com http://shar.es/00oSC we have bought 2 lately. Starting to b good alternative to just reo #
- CRE Outlook choppy – CoStar Group http://bit.ly/9SRdgo says San Diego office not 2 regain value until 2010. Apartments come back first #
- Investors Raise $3.85 Bil. Last Month 4 Real Estate Acquisitions http://bit.ly/9UShxV I guess our micro funds didn't make a dent #
Twitter Weekly Updates for 2010-08-08
Aug 8th
- Being martha stewart this Saturday shopping at target and ikea to stage our flips for virtual tour tomorrow on our escondido & scripps flip #
- After Signs Of Improvement, Commercial Real Estate Prices Fall Sharply In June http://read.bi/biXJUc #
