From where I sit, the situation (article linked below) in which the Supreme Court will not hear an action against the current Rent Control situation could be an opportunity for a savvy investor.
How is that? Real estate investors and professionals should ALWAYS be researching and exploring as a way to uncover new, different, and/or additional opportunities. Those that don't have time should have a research person or team doing this for them, since a few dollars today could be thousands or millions of dollars down the road.
Because of the Court decision (or lack of decision, if you will), my hunch is that there are some multi-family owners that are upset by this and thinking "I need a way out of this!".
Somewhere there is an investor (or broker with access to appropriate investors) that is looking to acquire a "low maintenance" multi-family property. Somewhere else there is an investor needing to show a loss to offset capital gains or for tax purposes. If investors falling into either category knew to be "ready", they (through a broker) could be contacting owners of rent control properties today to inquire about getting them out of their current situation. Deals could be hatched because of this situation.
We all know that a big part of commercial real estate is seller motivation. Since we are all human, emotion can play a role. Catching someone during a week when emotions are running high could be the best possible timing.
Meanwhile, knowing what these properties are worth and whether or not you can make the numbers work given the current status comes from doing your homework ahead of time and being prepared. (Or, having a research company like mine put you in the best possible position.)
https://www.reuters.com/legal/us-supreme-court-wont-hear-clash-over-new-york-rent-stabilization-laws-2024-11-12/
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