Ron Fredette\’s Commercial Talk Blog

real money making business!

http://goo.gl/nQlAq

                                                                                                                                                                                                                                     KW Commercial Hosts 2011 Commercial Real Estate Masterminds in Boston  Boston, MA “ Are you a commercial real estate broker wondering if œextend and pretend is over? Are you searching for new ideas on how to grow your business in this economy? Keller Williams Commercial NH & MA is hosting a free event for all commercial real estate brokers and affiliates to access the latest information and tips for navigating the current real estate market successfully. The 2011 Commercial Real Estate Masterminds Event will be held in Boston on Friday, June 17 from 9 a.m. to 12 p.m. at the University of Massachusetts Club on 225 Franklin Street, Floor 33. A complimentary continental breakfast will be served at 8:30 a.m.The keynote address will be given by Buddy Norman, President of KW Commercial. Gordon Carr, Principal of GMC Strategies, will be the featured speaker. He will discuss tax strategies that assist with commercial real estate acquisition. Event attendees will also benefit from the expertise of a moderated panel offering market insights on regional issues, along with best practices to achieve sales and long-term client relationships in a challenging economy. A question and answer session will follow. Panelists include: Justin Manning, President/CFO, JJ Manning Auctioneers; Jeremy Cyrier, 2011 CCIM (Certified Commercial Investment Member) New England Chapter President and Principal of Mansard Commercial Properties; Sandra Fitzpatrick, Senior Vice President, Fidelity Title; and Roger LaChance, Vice President, Bank of New England.œKeller Williams Commercial has organized this knowledge-sharing forum to bring together commercial brokers and affiliates to discuss best practices and network, explains Ron Fredette, Managing Director of KW Commercial NH & MA. œWe look forward to trading experiences and insights with brokers and affiliates across real estate companies to assist one another with harnessing opportunities that will ultimately further our profession and strengthen our sector.There is no admission fee for the 2011 Commercial Real Estate Masterminds Event, but registration is requested. To register, visit http://2011masterminds.eventbrite.com. For additional information, or to inquire about sponsorship opportunities, contact Ron Fredette, Managing Director, KW Commercial NH & MA, at (603) 836-2700 or ronald@kw.com.    About Keller Williams Commercial NH & MA  Keller Williams Commercial has over 625 offices nationwide. Keller Williams Commercial NH & MA serves commercial real estate buyers, sellers, tenants, and landlords in New Hampshire and Massachusetts. Providing  commercial realty office sales, leasing, and property management services, the firm specializes in the following commercial property sectors: multi-family (MUF), apartments, tenant representation, landlord representation, offices for sale or lease, retail for sale or lease, site purchase decisions to buy or sell commercial land, and commercial real estate investor investment portfolio management. Its commercial agents are Certified Commercial Investment Members (CCIM) who analyze demographics using Site to Do Business (STDB) tools to help clients find the property that best suits their needs. For more information, call (603) 836-2700 or visit www.kwcommercialnh.com. Keller Williams Commercial NH & MA can also be found on Facebook <http://www.facebook.com/CommercialPropertyNH >.      

Recent SBA loans have been operating under an enhancement program which appears to be ending soon. An extension signed by President Obama contained certain provisions for some SBA loans through March of 2011, but no additional funding was provided for the popular 7a and 504™s. This means that most 7a™s and 504 loans will revert to pre-enhancement plan levels. From Oct“Dec, 2010, New Hampshire SBA banks processed almost $46,000,000 in loans. The enhancements provided credit guarantees of 90 percent on 7a loans, and a waiver on borrower fees for the 504 loans. Since no addition funds were allocated a return to previous guarantee and funding levels is expected. Prior to the enhancements, most SBA loans guaranteed 75-85% for 7a™s and standard charge fees for 504™s as a bank charge to the borrower. The SBA funding will continue to be a popular program going forward as the economic recovery continues.

A recent article posted in the NERJ indicated that the Boston Apartment Market has stabilized and is now in growth. I agree with this as a recent listing in Lowell Mass http://www.vflyer.com/home/home/flyer/3812780

has had significant activity in less than a week of listing. We’ve had four offers and many showings. The article posts 48,000 in employment positions in 2010, a growth of 2% and a decrease in vacancy rate of 50 basis points. Despite the recent contractions in the commercial market place, the apartment or multi family  sector is exhibiting growth and steady demand.

Creative market approaches in current challenging economic climate can create above market returns. Case in point, a land parcel that is currently up for sale with current approvals for condominiums. Since this market is challenging at best, a repositioning of this asset could create a sale and perhaps a higher return. There are many planning board approved parcels that most certainly will not sell in today™s market. The current local market might be better served by apartment construction. A quick review of occupancy rates and market demographics might indicate a highest best use change from previous years. While construction financing continues to be a significant challenge for some local markets, opportunities can be created through new approaches creative thinking.

Great Retail Location w/20,000 + cars per day

• Home
• Features
• Map
• Contact
• Tell a Friend
• More Listings

Pricing

$224,000.00

More

Price: $224,000.00
Close

Property Location

725 DW Highway

Merrimack, NH 03054

Features

Total Square Footage: 1310

Lot Size: 0.48

Property Type: Commercial

Contact Information

Ron Fredette

 603-836-2700

serving New Hampshire and Massachusetts

Print Flyer

Ideal retail location w/building 1310 SF at a lighted intersection, C-2 zone. High traffic area, public water & sewer and large parking lot. Natural gas at street. Building in good condition great for coffee shop, breakfast lunch or office use. 2-bathrooms, Multi use property! Site has room to grow or change floorplan. Will accomodate multiple tenants. asy access at stoplight. Full basement storage. Owner must sell & is a licensed agent
Dorctions: Right on US Rte 3, 1/2 mile south of new airport access road on So River Rd.(Bedford)/DW Hwy (Merrimack). At lighted intersection of Society Hill Condos, access right off Brunswick Rd

All information in this site is deemed reliable but is not guaranteed and is subject to change

Many investors have become disillusioned with the stock market and have decided to take matters into their own hand by putting their retirement savings into a self directed retirement account (SDRA). Often IRAs are misunderstood to mean only retirement accounts for stock purchases. Since 1974, Americans have been allowed non-traditional investment opportunities for their IRAs. With an SDRA, real estate can be purchased as an investment, with income and or profits tax deferred much like traditional stock IRA investments. The advantages of an SDRA are control, leverage, self-negotiation and ease of transaction. Strict rules apply that disallow self-dealing and if not completely understood could disqualify possible transactions. For many, the control and sense of freedom of real estate holding inside a SDRA can be comforting and a financially rewarding investment often overlooked.

Ok I got to admit that until this week I had no idea what this was (pronounced shuh-ret). After attending a recent presentation in Londonderry, NH  I think the idea is one worth considering for most communities. A charrette is a seriers of planning sessions, where citizens, planners, town, state and municipal officials meet in a forum type environment to discuss and express ideas and feedback, good and bad, for real estate development. Unique in structure and flexible in design a charrette process welcomes developers,   citizens and communities to express and brainstorm on a specific project to accomplish a mutual design that will take into account many of the local community concerns. It also can  anticipate  State and Local goverment concerns items that prolong and typically delay. A CHarrette  is an open forum that in its best form will gather input in order to produce a set of finished plans in a series of  events (typically  a week or two). Finally in this collaborative structure, a  real estate development can be  designed more effectively and efficiently due to the process.

Everyone hates ceiling spots and they stick out like a sore thumb when having guests over or at a showing presentation.   I’ve checked a lot of resources and spoke to some experts.   Most people agree on a few things.   Some spray cans can cover the leak on the inside if the leak starts on the roof into the attic and onto the ceiling.   Be aware that the leak started on the roof so if you have shingles the spot where the leak exists may need to be replaced. It might e a good idea also to replace the insulation on top of the ceiling that got wet.   Now we move onto the ceiling most people recommend a primer with Kilz and then repainting the surface with the stain.   I’ve heard mixed results about the application of Kilz so you may want to speak to an expert.   When you apply the paint in some instances you might have to repaint the whole ceiling so the color matches.   Some people have tried darkening the paint with tea for example in order to get the worn color the paint takes on after a few years.

Any better ideas post them here or leave feedback.   What do you think is the best way to fix the ceiling spots?

A nagging question follows the housing market. Has the government intervention caused the market to rise,  grow or stabilize? Is the recovery shaky and need continued support?

The National Association of Realtors has reported strong numbers in home sales of 6.3 million units on an annual rate. Additionally the median sale price has stabilized. The rebound in existing home sales, admittedly, is a direct result of the tax credit for first time homebuyers. With the credit now extended into next year, the government seems to be placing emphasis on a soft landing for housing and a slow release of stimulus support.

New home sales are quite the opposite, down. With an annualized pace of 425,000 units per year it is up from a year ago, but defiantly down from the housing peak. Since new homes must compete with resales, distressed sales and foreclosures and such, it makes sense that the bargains are in the   resale of existing homes. With so much overbuilding having taken place in new construction, the inventory or number of homes still needs reduction for recovery.

So what is it? Logic says with the tax credit set to expire in April 2010, low rates and low prices are reasons for optimism. But, brace yourself for more price declines even with all the government incentives. The main reason is foreclosures are on the rise. Banks are pricing aggressively creating excitement among opportunistic buyers looking for value and creating downward pressure on prices. This means good prices now and good prices later. Buying at the bottom continues to be the ultimate challenge. My opinion is that market bottoms are only known after they happen, sort of looking in the rear view mirror. What do you think?