Today, would you invest in a bank or wait 2 years to buy cheap property from that bank??

C

Cabin111

My mind was going toward something like Bank of America, Wells Fargo, or a regional bank such as Zion. They will have so much property to unload over the next couple years, you could pick and choose value properties for dimes on the dollar. Just my thoughts. On the flip side...Once they unload these properties they should have market share and locations to weather the storm that is about to come. They will throw up their hands with retail properties and try to find people to reuse these things. If someone is creative they could find a steal...Hopefully not another gym, tattoo parlor or beauty salon.

Any creative thoughts on reusing commercial properties?? It will be like the dotcom graveyard, but only with real buildings...

PS Why hasn't "O" Realty Income Corporation fallen off a cliff yet??
 
Cabin111 said:
My mind was going toward something like Bank of America, Wells Fargo, or a regional bank such as Zion. They will have so much property to unload over the next couple years, you could pick and choose value properties for dimes on the dollar. Just my thoughts. On the flip side...Once they unload these properties they should have market share and locations to weather the storm that is about to come. They will throw up their hands with retail properties and try to find people to reuse these things. If someone is creative they could find a steal...Hopefully not another gym, tattoo parlor or beauty salon.

Any creative thoughts on reusing commercial properties?? It will be like the dotcom graveyard, but only with real buildings...

PS Why hasn't "O" Realty Income Corporation fallen off a cliff yet??
More...
Lol
Bitcoin mining
Lol
 
Your dreaming if you think real estate rices crumbling . If you don't believe the fed will pay off every mortgage and let people live rent free your in dreamland . They'll stop at nothing to make sure asset prices don't fall much.As long as the $'s king they have an open checkbook.
 
Serious thought...Just took a bath. Was soaking up ideas. How much would it cost to covert a retail/commercial (C-2) property into a indoor used car lot?? A large building with no use and no prospects. Say a Sears or K-Mart closed...Could someone buy up cars and sell them? You would even have the automotive bays to do the work in. Could this be done on a mall property? Before you shoot it down, YOU give me some ideas. What would will go onto those vast wastelands of retail and commercial property!! Indoor paintball...I don't know. But it's coming soon...And someone may profit from these stores. During the great depression people would buy up farms and then lease the property back to the farmers who lost it. Could we see that in commercial. I'll buy your restaurant/beauty salon and lease it back to you...
 
hafez50 said:
Your dreaming if you think real estate rices crumbling . If you don't believe the fed will pay off every mortgage and let people live rent free your in dreamland . They'll stop at nothing to make sure asset prices don't fall much.As long as the $'s king they have an open checkbook.
More...

What do investors (pension funds, hedge fund managers) think of Wells Fargo.
52 Week Range 22.00 - 54.75 It closed at $23.36 today...
 
hafez50 said:
Your dreaming if you think real estate rices crumbling . If you don't believe the fed will pay off every mortgage and let people live rent free your in dreamland . They'll stop at nothing to make sure asset prices don't fall much.As long as the $'s king they have an open checkbook.
More...


U think they will do it this time even though they didnt do it in 2008?
 
Why buy banks now?
Nobody has even gone BK from Covid yet.

Wait a few months/year until the carnage works its way through the system and oil/gas companies go under by the dozens and retailers/malls/corporate spaces are abandoned wastelands.
 
Cabin111 said:
Serious thought...Just took a bath. Was soaking up ideas. How much would it cost to covert a retail/commercial (C-2) property into a indoor used car lot?? A large building with no use and no prospects. Say a Sears or K-Mart closed...Could someone buy up cars and sell them? You would even have the automotive bays to do the work in. Could this be done on a mall property? Before you shoot it down, YOU give me some ideas. What would will go onto those vast wastelands of retail and commercial property!! Indoor paintball...I don't know. But it's coming soon...And someone may profit from these stores. During the great depression people would buy up farms and then lease the property back to the farmers who lost it. Could we see that in commercial. I'll buy your restaurant/beauty salon and lease it back to you...
More...
Alright Cabin... since I know you're an outside the box thinker type, I'll give you one that the time is exactly right for.

It varies from state to state, and county to county.... but if you are serious, look into buying liquor licenses from owners that are in the hurt locker. Depending on where they are, these things in good times good sell for a half million plus. Find a city where that's the case, and go in and lowball someone that's drowning. The risk is whether or not things someday return to some semblance of what we heretofore considered normal.

For example in California, if a pub owner has owned his liquor license for 5 years or more, he can sell it for whatever he wants. Again, it varies state to state. It can be very lucrative. Ya just gotta do a little homework.
 
The 4COP Liquor License in Florida

To simplify the differences, lets just say that the 4COP license is the one you can purchase from someone and transfer to another location. The 4COP is a liquor license is the one that offers an owner the ability to sell any kind of liquor, beer, or alcohol. The state normally runs a lottery every year where you can apply to be apart of the lottery and potentially win a liquor license for a certain Florida county. Unfortunately they only award a few per year, per county. That means everyone else who wants to start up a full-liquor bar has to buy one from someone else. These 4COP liquor licenses range in price depending on the Florida County they are in. They could be as low as $20,000 or over $400,000 depending on the county. These values are almost purely based on market rates as there are no government regulations to currently govern the pricing structure.

Liquor licenses do however seem to hold their value to the point where private parties and sometimes banks will finance a liquor license purchase for a buyer. It’s always important to be certain of what type of license a business has
 
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Don't think investing in banks that offer mortgages as they will be stuck with plenty of properties they don't want.

I sold most of what I owned 3 years ago, but next year I be a buyer if the price is right.
 
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