120 New Jobs in Owensboro, KY

About a month ago, Brittaney Johnson resigned as President and CEO of the Greater Owensboro Economic Development Corp. She is leaving to take a position as director of economic development for Big Rivers Electric Corp. Interestingly, Brittaney was instrumental in bringing Big Rivers from Henderson to Owensboro…along with 120 jobs. 120 new jobs – most…

The 5 Economic Factors Every CRE Investor Should Watch

Earlier this year, I was in Denver, CO for Instructor Training with the CCIM Institute. While there, we heard a presentation from Dr. Glenn Mueller, Ph.D. with the Franklin L. Burns School of Real Estate at the University of Denver. The main focus of his presentation to us was on the commercial real estate market…

[Deal Story] – How a 1031 Tax-Deferred Exchange Saved One Investor Over $230,000

The Challenge A client and good friend in Nashville recently sold an apartment complex. If you’ve been watching what multifamily real estate has done in the last few years, you will understand that he sold it for well above what he paid for it. In fact, he had over a $1,100,000 capital gain. When you…

Internal Rate of Return (IRR) vs. Cash on Cash Return

Commercial Real Estate is an industry full of jargon – much like other industries, I’m sure. CRE is also a little like the wild west. There is really no standard on how to evaluate one investment versus another. As investors are unique in their motivations and goals, there are many different metrics to consider when…

Bonus Depreciation: How to Super-Charge Depreciation and Pay No Tax

There is a story in the Old Testament where the Hebrews were wandering around the dessert, and they were concerned about what they were going to eat. In response, God sent manna from heaven every morning to feed them. When the Hebrews saw what laid across the ground with the morning dew, they asked the…

Depreciation: Commercial Real Estate’s Gorgeous Tax Shelter

I remember a client of mine explained to me years ago that there are four reasons someone invests in Commercial Real Estate: Appreciation – the idea that the property is worth more over time – it appreciates Cashflow – the very real dollars that the property pays on a regular basis as the tenant(s) pay…