Texas has seen an 8.6% drop in the values of commercial properties. This is a continual spiral that has been started and the 8.6% drop was just in April. What does this mean to you? Just as DDowd wrote before: Commercial property values are going down but the rents are remaining the same. This means that the cap rate of properties such in Texas are getting greater and greater. In different terms this means that commercial properties are easier to cash flow. The decrease in value does mean though that it will be a little harder to get financing in these areas.
Not only is this the time for single family residences but this is the time for commercial properties as well.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125