Joseph, a local real estate investor and developer, discussed the current state of the real estate market, highlighting a shift towards an investor-driven market and a rise in adaptive conversions of commercial buildings. He noted a potential oversupply in the rental market and a decrease in demand due to high interest rates, which could lead to further property price decreases.
Joseph also addressed challenges in the market, including appraisal values, fluctuating income and expense calculations, and the crucial role of lending in determining returns on investment. He suggested collaborating with a national property management company and using technology for property management to mitigate risks.
Joseph discussed the challenges in asset-based lending, specifically the limited options for commercial properties and the lack of appetite for residential loans. Joseph also highlighted Bart Blackstone's contributions to development in South Jersey and his focus on the Atlantic City market. He emphasized the importance of funding and financing options for potential projects and debated the merits of 100% financing for acquisitions and construction, advocating for shared stakeholder investment.
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Perkitech - https://perkitech.com/
TCS Property Management - https://www.tcsmgt.com/
MB Capital Solutions - https://mbcapitalsolutions.com/
Joseph @ Lend - https://www.linkedin.com/in/josephvscorese/
Contact Us
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Main Website - https://creativebrrrrstrategies.com/
Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/
Email - info@creativebrrrrstrategies.com
