While it may not have exploded in 2009 with the enthusiasm as many predicted, distressed assets are sure to be a major investment play in 2010. Whether it be notes or the property itself, expect buyers to acquire the assets in greater numbers. The potential, if you invest “well” is simply too high for it not to be. To invest well really means that you take ample time to conduct your due diligence — or work with someone who knows the ‘ins and outs’ (hint: a CCIM or member of NAR Commercial) — on the asset, the market, the financial, etc.
As an investor, you have many options – go to the FDIC and buy individually, by from leading brokers, become a part of a syndicated group of investors, the list is endless. The idea is work and invest within your boundaries and your comfort and risk tolerance levels.
One last item: Remember, buyer beware. If it sounds too good, it might be. If you any questions, or if I can help you in any way, drop me a line. I am by no means the ‘end all’ but I do have relationships with the powerhouses in commercial and residential real estate — friends who are doing quite well in this market and helping others, like you, as well.