Commercial RE 101: Any suggestions

[sdrealtor]

I know you were. Its funny though because as I was typing the original post and getting ready to hit save I was thinking this one is bad grammer even for me. I just never bother with the form thing.

Only spent about 30 years of my life there. Still have tons of childhood friends there and it was a great place to grow up. In fact the town I grew up in is very similar to Carlsbad where I live now, that is without the weather and beach.

[briansd1]

[quote=sdrealtor]comparing that part of philly with east village is assinine.
[/quote]

Yes, if you include the people who lots theirs asses in the East Village and Downtown SD lately.

BTW, the links I posted are not where I’m buying. the buildings are illustrative of what’s available in Philly at varying prices depending on location. Those smaller buildings are not readily available for purchase anywhere in SD.

[quote=sdrealtor]
They’ve been trying to redevelop the south street area for decades. Will Smith lost his ass their as did many other deep pocketed individuals. [/quote]

Deep pockets and the “smart money” losing money in grand projects does not mean that small investors can’t thrive.

Example:

All markets are local and if there is an economy, you can make and lose money. Philadelphia is the 6th largest city in the country with a metro area of 6 million.

With commercial properties, The small investor can leverage and partner with the “smart money” on multi-million projects; or he can go it alone and buy something smaller.

Southern Cal is dominated by the strip mall and the new R&D type developments. There’s really not much a single small commercial investor can purchase on his own.

Redevelopment of the urban core is happening. If you wait until some else had done the redevelopment to move to the city, then you’ll pay the price for some else taking the risk.

Nobody wanted to live Downtown SD 20 years ago. But if you want to live here now, in the new condos, then you have to pay more than the suburbs.

With people comes more commercial business opportunities for small investors in the urban core (if the old buildings are not all razed for tall block-wide towers).

I’m in Philly this weekend. I recommend that everybody visits the City of Brotherly Love at least once to learn about this history of our country. Visit the old city and imagine how it was like back in the early days.

Parent’s whose kids go to U Penn (or the other universities nearby) are rediscovering Philadelphia.

[briansd1]

[quote=sdrealtor]comparing that part of philly with east village is assinine.
[/quote]

Yes, if you include the people who lots theirs asses in the East Village and Downtown SD lately.

BTW, the links I posted are not where I’m buying. the buildings are illustrative of what’s available in Philly at varying prices depending on location. Those smaller buildings are not readily available for purchase anywhere in SD.

[quote=sdrealtor]
They’ve been trying to redevelop the south street area for decades. Will Smith lost his ass their as did many other deep pocketed individuals. [/quote]

Deep pockets and the “smart money” losing money in grand projects does not mean that small investors can’t thrive.

Example:

All markets are local and if there is an economy, you can make and lose money. Philadelphia is the 6th largest city in the country with a metro area of 6 million.

With commercial properties, The small investor can leverage and partner with the “smart money” on multi-million projects; or he can go it alone and buy something smaller.

Southern Cal is dominated by the strip mall and the new R&D type developments. There’s really not much a single small commercial investor can purchase on his own.

Redevelopment of the urban core is happening. If you wait until some else had done the redevelopment to move to the city, then you’ll pay the price for some else taking the risk.

Nobody wanted to live Downtown SD 20 years ago. But if you want to live here now, in the new condos, then you have to pay more than the suburbs.

With people comes more commercial business opportunities for small investors in the urban core (if the old buildings are not all razed for tall block-wide towers).

I’m in Philly this weekend. I recommend that everybody visits the City of Brotherly Love at least once to learn about this history of our country. Visit the old city and imagine how it was like back in the early days.

Parent’s whose kids go to U Penn (or the other universities nearby) are rediscovering Philadelphia.

[briansd1]

[quote=sdrealtor]comparing that part of philly with east village is assinine.
[/quote]

Yes, if you include the people who lots theirs asses in the East Village and Downtown SD lately.

BTW, the links I posted are not where I’m buying. the buildings are illustrative of what’s available in Philly at varying prices depending on location. Those smaller buildings are not readily available for purchase anywhere in SD.

[quote=sdrealtor]
They’ve been trying to redevelop the south street area for decades. Will Smith lost his ass their as did many other deep pocketed individuals. [/quote]

Deep pockets and the “smart money” losing money in grand projects does not mean that small investors can’t thrive.

Example:

All markets are local and if there is an economy, you can make and lose money. Philadelphia is the 6th largest city in the country with a metro area of 6 million.

With commercial properties, The small investor can leverage and partner with the “smart money” on multi-million projects; or he can go it alone and buy something smaller.

Southern Cal is dominated by the strip mall and the new R&D type developments. There’s really not much a single small commercial investor can purchase on his own.

Redevelopment of the urban core is happening. If you wait until some else had done the redevelopment to move to the city, then you’ll pay the price for some else taking the risk.

Nobody wanted to live Downtown SD 20 years ago. But if you want to live here now, in the new condos, then you have to pay more than the suburbs.

With people comes more commercial business opportunities for small investors in the urban core (if the old buildings are not all razed for tall block-wide towers).

I’m in Philly this weekend. I recommend that everybody visits the City of Brotherly Love at least once to learn about this history of our country. Visit the old city and imagine how it was like back in the early days.

Parent’s whose kids go to U Penn (or the other universities nearby) are rediscovering Philadelphia.

[briansd1]

[quote=sdrealtor]comparing that part of philly with east village is assinine.
[/quote]

Yes, if you include the people who lots theirs asses in the East Village and Downtown SD lately.

BTW, the links I posted are not where I’m buying. the buildings are illustrative of what’s available in Philly at varying prices depending on location. Those smaller buildings are not readily available for purchase anywhere in SD.

[quote=sdrealtor]
They’ve been trying to redevelop the south street area for decades. Will Smith lost his ass their as did many other deep pocketed individuals. [/quote]

Deep pockets and the “smart money” losing money in grand projects does not mean that small investors can’t thrive.

Example:

All markets are local and if there is an economy, you can make and lose money. Philadelphia is the 6th largest city in the country with a metro area of 6 million.

With commercial properties, The small investor can leverage and partner with the “smart money” on multi-million projects; or he can go it alone and buy something smaller.

Southern Cal is dominated by the strip mall and the new R&D type developments. There’s really not much a single small commercial investor can purchase on his own.

Redevelopment of the urban core is happening. If you wait until some else had done the redevelopment to move to the city, then you’ll pay the price for some else taking the risk.

Nobody wanted to live Downtown SD 20 years ago. But if you want to live here now, in the new condos, then you have to pay more than the suburbs.

With people comes more commercial business opportunities for small investors in the urban core (if the old buildings are not all razed for tall block-wide towers).

I’m in Philly this weekend. I recommend that everybody visits the City of Brotherly Love at least once to learn about this history of our country. Visit the old city and imagine how it was like back in the early days.

Parent’s whose kids go to U Penn (or the other universities nearby) are rediscovering Philadelphia.

[briansd1]

[quote=sdrealtor]comparing that part of philly with east village is assinine.
[/quote]

Yes, if you include the people who lots theirs asses in the East Village and Downtown SD lately.

BTW, the links I posted are not where I’m buying. the buildings are illustrative of what’s available in Philly at varying prices depending on location. Those smaller buildings are not readily available for purchase anywhere in SD.

[quote=sdrealtor]
They’ve been trying to redevelop the south street area for decades. Will Smith lost his ass their as did many other deep pocketed individuals. [/quote]

Deep pockets and the “smart money” losing money in grand projects does not mean that small investors can’t thrive.

Example:

All markets are local and if there is an economy, you can make and lose money. Philadelphia is the 6th largest city in the country with a metro area of 6 million.

With commercial properties, The small investor can leverage and partner with the “smart money” on multi-million projects; or he can go it alone and buy something smaller.

Southern Cal is dominated by the strip mall and the new R&D type developments. There’s really not much a single small commercial investor can purchase on his own.

Redevelopment of the urban core is happening. If you wait until some else had done the redevelopment to move to the city, then you’ll pay the price for some else taking the risk.

Nobody wanted to live Downtown SD 20 years ago. But if you want to live here now, in the new condos, then you have to pay more than the suburbs.

With people comes more commercial business opportunities for small investors in the urban core (if the old buildings are not all razed for tall block-wide towers).

I’m in Philly this weekend. I recommend that everybody visits the City of Brotherly Love at least once to learn about this history of our country. Visit the old city and imagine how it was like back in the early days.

Parent’s whose kids go to U Penn (or the other universities nearby) are rediscovering Philadelphia.

[sdrealtor]

I dont need a lesson on Philly. Philly is definitely a hub of academia. It has also been suffering what they call white flight for decades. It is a very poorly run city dominated by unions, nepotism, cronism and corruption. The suburbs are fabulous and there are a coupel decent pockets. There are also numerous places you take your life in your hands being around at night.

I agree people should visit to see about the history of our country. It is fabulous and they have spent a fortune creating better visitor centers for folks to see it. With that said it is a place on the decline as it has been for years. SD is full of long term upside. Philly….not so.

Do yourself a favor and spend the afternoon gorging at Reading Terminal Market instead of looking for ways to throw your money away.

[sdrealtor]

I dont need a lesson on Philly. Philly is definitely a hub of academia. It has also been suffering what they call white flight for decades. It is a very poorly run city dominated by unions, nepotism, cronism and corruption. The suburbs are fabulous and there are a coupel decent pockets. There are also numerous places you take your life in your hands being around at night.

I agree people should visit to see about the history of our country. It is fabulous and they have spent a fortune creating better visitor centers for folks to see it. With that said it is a place on the decline as it has been for years. SD is full of long term upside. Philly….not so.

Do yourself a favor and spend the afternoon gorging at Reading Terminal Market instead of looking for ways to throw your money away.

[sdrealtor]

I dont need a lesson on Philly. Philly is definitely a hub of academia. It has also been suffering what they call white flight for decades. It is a very poorly run city dominated by unions, nepotism, cronism and corruption. The suburbs are fabulous and there are a coupel decent pockets. There are also numerous places you take your life in your hands being around at night.

I agree people should visit to see about the history of our country. It is fabulous and they have spent a fortune creating better visitor centers for folks to see it. With that said it is a place on the decline as it has been for years. SD is full of long term upside. Philly….not so.

Do yourself a favor and spend the afternoon gorging at Reading Terminal Market instead of looking for ways to throw your money away.

[sdrealtor]

I dont need a lesson on Philly. Philly is definitely a hub of academia. It has also been suffering what they call white flight for decades. It is a very poorly run city dominated by unions, nepotism, cronism and corruption. The suburbs are fabulous and there are a coupel decent pockets. There are also numerous places you take your life in your hands being around at night.

I agree people should visit to see about the history of our country. It is fabulous and they have spent a fortune creating better visitor centers for folks to see it. With that said it is a place on the decline as it has been for years. SD is full of long term upside. Philly….not so.

Do yourself a favor and spend the afternoon gorging at Reading Terminal Market instead of looking for ways to throw your money away.

[sdrealtor]

I dont need a lesson on Philly. Philly is definitely a hub of academia. It has also been suffering what they call white flight for decades. It is a very poorly run city dominated by unions, nepotism, cronism and corruption. The suburbs are fabulous and there are a coupel decent pockets. There are also numerous places you take your life in your hands being around at night.

I agree people should visit to see about the history of our country. It is fabulous and they have spent a fortune creating better visitor centers for folks to see it. With that said it is a place on the decline as it has been for years. SD is full of long term upside. Philly….not so.

Do yourself a favor and spend the afternoon gorging at Reading Terminal Market instead of looking for ways to throw your money away.

[briansd1]

[quote=sdrealtor]SD is full of long term upside. Philly….not so.
[/quote]

That’s a pretty broad statement. I wonder if people who buy real estate in Philadelphia are bound to lose money.

I may yet lose my ass, as you put it… Time will tell. But I’m willing to take my chances.

Still, being no bull, I, however, believe that one can make money in any market, if one does research. I’ve been researching Philadelphia for 1 year already.

On the topic of mixed use commercial properties, if you’re a small individual investor and want to own a building, in a major population center, for under $1 million, San Diego is not a friendly market. You may have to look elsewhere. I’m not recommending Philly in particular. Visiting friends caused to look at Philly.

In SD, you’re limited to along University Ave, El Cajon Blvd, La Mesa, Grantville (which will get redeveloped), and the like. And the prices won’t likely won’t cash flow.

I’d love to have some suggestions on mixed use commercial properties in Southern California or elsewhere, in walkable neighborhoods, for small investors.

[briansd1]

[quote=sdrealtor]SD is full of long term upside. Philly….not so.
[/quote]

That’s a pretty broad statement. I wonder if people who buy real estate in Philadelphia are bound to lose money.

I may yet lose my ass, as you put it… Time will tell. But I’m willing to take my chances.

Still, being no bull, I, however, believe that one can make money in any market, if one does research. I’ve been researching Philadelphia for 1 year already.

On the topic of mixed use commercial properties, if you’re a small individual investor and want to own a building, in a major population center, for under $1 million, San Diego is not a friendly market. You may have to look elsewhere. I’m not recommending Philly in particular. Visiting friends caused to look at Philly.

In SD, you’re limited to along University Ave, El Cajon Blvd, La Mesa, Grantville (which will get redeveloped), and the like. And the prices won’t likely won’t cash flow.

I’d love to have some suggestions on mixed use commercial properties in Southern California or elsewhere, in walkable neighborhoods, for small investors.

[briansd1]

[quote=sdrealtor]SD is full of long term upside. Philly….not so.
[/quote]

That’s a pretty broad statement. I wonder if people who buy real estate in Philadelphia are bound to lose money.

I may yet lose my ass, as you put it… Time will tell. But I’m willing to take my chances.

Still, being no bull, I, however, believe that one can make money in any market, if one does research. I’ve been researching Philadelphia for 1 year already.

On the topic of mixed use commercial properties, if you’re a small individual investor and want to own a building, in a major population center, for under $1 million, San Diego is not a friendly market. You may have to look elsewhere. I’m not recommending Philly in particular. Visiting friends caused to look at Philly.

In SD, you’re limited to along University Ave, El Cajon Blvd, La Mesa, Grantville (which will get redeveloped), and the like. And the prices won’t likely won’t cash flow.

I’d love to have some suggestions on mixed use commercial properties in Southern California or elsewhere, in walkable neighborhoods, for small investors.

[briansd1]

[quote=sdrealtor]SD is full of long term upside. Philly….not so.
[/quote]

That’s a pretty broad statement. I wonder if people who buy real estate in Philadelphia are bound to lose money.

I may yet lose my ass, as you put it… Time will tell. But I’m willing to take my chances.

Still, being no bull, I, however, believe that one can make money in any market, if one does research. I’ve been researching Philadelphia for 1 year already.

On the topic of mixed use commercial properties, if you’re a small individual investor and want to own a building, in a major population center, for under $1 million, San Diego is not a friendly market. You may have to look elsewhere. I’m not recommending Philly in particular. Visiting friends caused to look at Philly.

In SD, you’re limited to along University Ave, El Cajon Blvd, La Mesa, Grantville (which will get redeveloped), and the like. And the prices won’t likely won’t cash flow.

I’d love to have some suggestions on mixed use commercial properties in Southern California or elsewhere, in walkable neighborhoods, for small investors.

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