Taylor Grant of California Real Estate Receiverships speaks with GlobeSt.com’s Alyson Grala at Real Estate 2010 about movement in the market. Watch the full video in Distressed Assets Investor.
LOS ANGELES-Who will emerge as some of the winners in the next recovery? According to Taylor Grant of California Real Estate Receiverships, who spoke with GlobeSt.com’s Alyson Grala at Real Estate 2010, it will be people who are after the middle price range market deals as opposed to the $500,000 deals or the billion-dollar deals. He says the winners will be ones that follow real estate 101 and have local knowledge. “They understand the value of that building that they see for sale by a bank. … they are the ones that are going to make the money.”
Grant also noted that the winning property types will be properties he calls the “needs” versus “wants.” Gas station, for example, he says is a “need,” whereas high-end luxury retail, would be a “want.”
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