Author Archive
This Blog has Moved….www.TheRealWealthBlog.com
Posted by: | CommentsHowdy folks…..The new blog (www.TheRealWealthBlog.com) is up and running….yet not complete. But that is where I am posting. There is a lot going on with valuble information, articles, news, videos, and “how to’s”….with tons more to come.
I hope you join us. Please be sure to register!
Cheers….and see you at TheRealWealthBlog.com
Economy And Heartache – What is the Solution?
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Hello from the overpopulated metropolis of Cedar Crest, NM! I am heading out this week to find the meaning of life. Okay…I am exaggerating…but I am taking another hiatus. Am I running from life? You could say that. Well…not really…I still plan to blog.
This has been a tough few days for me…and probably for all of us in some way. Trying to get our minds around what just happened with the 7 billion bailout and wondering what the impact will be….and add our own personal traumas makes for a very funky time.
On the personal level, things are always funky (at least in my opinon). We (I use “we” loosely) all deal with family issues, broken relationships, disappointments, and tragedy…it is all part of life right? I find that anything that deals with personal relationships are always a risk….always fragile…because people change.
Where people are involved there seems to always be the risk of turmoil and pain. Think about it….business partnerships, marriage, friendships, family, and relationships in general. When have you been hurt? Chances are it is because of someone else.
“Okay Rob….so what is your point?”
Well….the things around us are going to get worse. Much worse. So how will the fact that not only do we have to deal with the day-to-day issues (relationships)….but compound that with the instability of the external components or our life (i.e. the economy)? Well…the answer may surprise you.
“I suppose that since most of our hurts come through relationships, so will our healing.” – From the book The Shack by W.M. Paul Young
WealthLifelines
I have always believed that deep relationship lead to success in all areas of life….even in tough times. Even at the risk of getting hurt……authentic relationships with partners, teammates, clients, family, friends, etc,. will be the key factor in not only surviving the economic downturn but also the internal turmoil we all go through.
Is it that simple? Depends on you and me.
Until next time…..rob
Commercial Real Estate – What’s to Come?
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Greetings from Cedar Crest, NM. It has been a long time since I have blogged on WealthLifelines.com but it is good to be back. There are several reasons for my hiatus…travel….health….etc….But I have been working diligently on a new and improved blog but it is not ready to be released. I am partnering up with other bloggers to bring collaborative insight into today’s commercial real estate investing market. Until then, I will be updating this blog with news and information….and a story or two.
700 Billion $ tragedy?
These last several months have been difficult for many of us with regards to the economy and real estate (an understatment). The problem is it is not going to get better any time soon. I am not in favor of this 700 Billion dollar bailout that is up for senate vote for several reasons, but it does not matter what I am or I am not in favor of…..the results will be devastating….and…at the same time….opportunistic.
What is to come…
Just recently, I refinanced one of my shopping centers. I faced hurdles that I had not experienced before. You can read more about my refinance nightmare HERE. From what I understand, I am lucky I refinanced when I did. Lenders, especially for commercial retail, have much tighter parameters now. The hassel of financing a retail center has gone up exponential since my personal experience. The “word on the street” is that it will get worse. The prediction is conventional lending will dry up over the next 24 months, private money will kick in…but with terms that will make you cry. So how does this all play into opportunity?
Opportunities?
The opportunities lie in the problems. Many investors have mortgages with balloons coming into play….that means investors will need to refinance. With values plummiting and credit tightening, investor will be unable to refinance…and may be pushed to sell…at higher cap rates. This is where the opportunity is. Now the question is….where does one get the money to take advantage of the coming opportunities? Good questions and one I will get to next time….
Until next time…….rob