Recent content by Joe33_IHB

I think MBK is backed/owned bt Matsui out of Japan. They built at least 2 or 3 projects in Ladera Ranch.

It isn't tax benefit that they would be looking at, it is tax liability. Forgiven debt (the difference between the short sale amount and the outstanding loan balance) is supposed to be treated as income by the borrower. Frequently it hasn't been because the bank doesn't report it. But if the...

Go the the Ferry Building for one of the best food experiences in the country. Not kidding, that place is amazing. It is filled with all of the Bay Area food snobs. http://www.ferrybuildingmarketplace.com/

I love it. It is great for parties, etc....but probably a little expensive. I would stick to the San Juan location, the San Clemente location is a little sterile. It is certainly not a fancy place but the food is pretty legit.

There are already several tract homes in Covenant Hills that have sold for about $800K. They are down the hill, closer to the power lines and without views. Generally about 2900 to 3500 square feet.

10 different appraisers measuring the same house will come up with 10 different square footage numbers. This isn't an indictment of appraisers, just the reality of what happens when you try to measure square footage by hand.

There are a lot of apartment properties in Irvine not owned by IAC - The Charter, The Village @ Main & Jamboree, Calypso, Avalon Irvine, Camden Main & Jamboree, Toscana and Woodbridge Meadows. That's what I can think of off the top of my head.

Stronger markets like Westwood or Fullerton or near USC will bear it. Riverside probably won't. Likely stuck with a 9 month lease.

At those kind of rents maybe the values should shake out at about $150 per foot.

A decent rule of thumb cap rate to use for something like this right now would be about 8%. $150 per foot sounds low to me. If you use an 8% cap rate and assume the rents are all NNN (no expenses go through to the landlord, all paid by tenants), you would need a rent of $1 per foot per month...

That is absolutely right. Multi-family has already experienced a good amount of its revenue decline while the longer term lease product types (office, industrial, retail) will probably be experiencing it for at least the next couple of years. But at least from a value perspective, all of that...

I don't know TIC all that well but I would be very surprised. They seem to do only very large scale acquisition activity. Plus from what I hear over there they have cut all of their new investment and development personnel on the commercial side down to close to nothing.

I work in large multi-family investment area and I would say that prices have started to tick back up in the last 60 days. I don't know if that is applicable at all to industrial condos, but it is definitely happening. When people say that commercial RE is about to blow up and has years to go...

As a couple of others have said, slab leaks are a reality and pretty much inevitable. If you want to buy older properties (20 years or older) I would not be shocked to see a slab leak at any of them. I wouldn't expect it, but it wouldn't shock me. I don't think it is an issue that should...

Why not buy something like a 4-plex for rental instead. Obviously that means 4 times as many tenants, but 4-plexes will sell based on being cash flow positive. You'll have to put 25% down, but you can probably buy an OC 4-plex for $500K or $600K and get about a 5% cash return on your down...