Cirex Views & News Commercial Real Estate Insights
by Ralph Kamps
cirexnews.com
4 ways real estate can turbocharge your retirement income
There are a number of real estate plays that can boost your retirement income.
They include, but are not limited to, real estate investment trusts, rental-property purchases and shares in crowdfunding ventures that redo houses or buy commer- cial property.
But while there are great opportunities, there are also risks, and investors must be willing to keep money tied up and weather real estate dips.
It’s not unusual: An investor five or 10 years from retirement worries the nest egg will come up short, wants a boost over the finish line but already has a typical lineup of stocks and bonds.
So what else could fuel the afterburners? Would real estate do the job?…
RSK: Sort of preaching to the choir here but, if you are in the real estate business and do not own any property yourself or invested in some, you might as well get out. You do not practice what you preach.
Ken Notes: One more time, We would love to develop an Investing in Real Estate news letter for your potential clients. We would include 5 to ten current articles on real estate investments with your comments and your property listings. Staying in front of your investors weekly is worth a great deal and makes you the expert when they have a question or money to invest.
Multifamily Sales On Pace of Reaching Record High for the Year
Annual U.S. multifamily property sales are approaching a record in the face of a flood of new apartment construction and increasing home ownership, according to CoStar.
Market doomsayers may be confounded by how the new units are being quickly absorbed by renters, but demand remains unabated across the sector, CoStar`s multifamily analysts predict in a presentation on the state of the market.
“The multifamily market continues to surprise market watchers,” said Michael Cohen, director of advisory services for CoStar Portfolio Strategy, the company’s advisory arm. “Expectations that supply would overwhelm demand, expectations that price growth would trail off, both appear to be contrary to what we’re seeing today.”…
RSK: If I had multi-family I would unload it now at it`s highest prices. Then the question of what to put that equity into….maybe just pay the taxes and keep the cash for when prices tumble in the next cycle.
With over 350 experienced real estate professionals,
Knight Barry provides exceptional support and service. Visit our website for more information about our 50+ commercial and residential offices throughout Wisconsin, Michigan, and Minnesota.
MADISON: 2450 Rimrock Road, Suite 204, 608-255-2700 CAP SQUARE: 44 E. Mifflin Street, Suite 101, 608-255-2700
September2018 55
Wisconsin Development News
by KEN HARWOOD
wisconsindevelopment.com
Madison inviting residents to invest in Olbrich Botanical Gardens project
For the first time in decades, Madison is creating an opportunity for the public to directly invest in a local building project — the expansion of Olbrich Botanical Gardens — and get a tax-free interest return.
If the City Council approves, the city this fall will offer so-called “mini- bonds,” sold in $500 increments, to generate $2.1 million to help pay for $12 million in improvements at the celebrated gardens on the East Side...
Ken Notes: I love this idea!!! I also would love to see interest only bonds that generate a revenue for the holder for a time then the principal is forgiven at maturity. It works like this a tax deductible $100,000 dollar gift would yield a $400 monthly tax free income for 10 years or $48,000 over it`s life -- at maturity the principal and monthly payments go away...
Thinking big on the Oscar Mayer site City residents are crafting a grand vision for the Oscar Mayer site
The striped chimney of the former Oscar Mayer plant site is visible from miles away, a lingering reminder of the shuttered factory on Madison’s north side.
When the last slices of ham slid off the production line in late June 2017, it marked the end of Oscar Mayer’s 98-year legacy as one of Madison’s most prominent economic assets. At its peak in the 1970s, the facility provided some 4,000 jobs to the community. By the time it closed, just 640 employees worked there, 73 percent of whom were Dane County residents. The plant also generated an annual $3 million in gas and electric utility revenues, according to city officials.
Ken Notes: I love the community input, the only thing I would add to the discussion is that in the end any project will require a working business model to thrive. The lack of consideration of a sustainable business plan is often the problem in community projects, I would point to the Monona Ter- race and Overture Center as examples. Don`t get me wrong, both are great projects and iconic landmarks for Madison and the region, they are just not sustainable without city input. Let`s find a great solution for the OM Site that employees many and is profitable....
KEN HARWOOD The Future Wisconsin Project and Wisconsin Development News P.O. Box 930234 Verona, WI 53593-0234 Phone (608) 334-2174
ken@wisconsindevelopment.com
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