Trump is Buying Commercial Real Estate
Apr 16th, 2009 by kyle
CNBC posted part of an interview with Donald Trump where Trump offered his take on the economy and the real estate market. Even while commercial real estate is struggling, he is obviously seeing opportunities in the sector right now.
The old adage of “buy low, sell high” comes up a lot these days. Just remember that Cash Flow is King. Also, how do you know if you are buying low?
As Trump says in his interview, “The only problem with buying [now] is you just don’t know how low is low. The only positive I see, frankly, is that the stock market is going up — but I just don’t know why the stock market is going up.”
There are a few points of light these days, even among all the horrible news. Investors are apparently see these as positive signs. Just be careful.
Wow, does that strike home for me right now. Have a deal on the table right now (that our banker said is the best deal he’s seen in the last 12 months). Went to our current bank who looked at it an told us yesterday “Wow, that is a great deal, but unfortunately we can’t finance it in this environment”. Scrambling now to find the financing so that we don’t lose it.