Asset Management & Recovery: If the Buyers Ain’t Here, Then Where?

Gryphon USA, Ltd services clients through Gryphon Asset Management, Gryphon Realty Advisors and Gryphon Auction Group. Gryphon Asset Management manages operating entities and undertakes liquidation management in numerous business lines. Gryphon Realty Advisors is comprised of three divisions all working together; Residential, Commercial and Management. Projects range from single family investments and owner occupant reresentation to apartments and commercial complex disposition. Gryphon Auction Group assists clients with the sale of real property as well as commercial equipment.

If the Buyers Ain’t Here, Then Where?

In my last two posts I have talked about getting into the investment game now instead of waiting.  If you are a buyer here in the Columbus Marketplace you should be looking and offering.  Nuff said on that.

 In the event you are a seller of investment property here in Columbus, did you know that many out of state investors are coming to Columbus and are paying more than the local investors will?

Why is this?  Because property in some other states is extremely expensive.  Some property has limited short term profit growth potential on re-sale and limited cash flow.

Properties here in Columbus are lower cost and have extremely good cash flow potential if purchased correctly.

Likewise, many local agents are now increasing their marketing efforts outside the local area and seeking buyers statewide and even nationally.  Our staff, for example, markets to buyers and agents in Texas, California and Florida in addition to Ohio.  These are direct efforts instead of passive website ones.  More on that later, maybe :)

Point here, I suppose, is that if you are a buyer or seller of real estate maybe it is time to think a little out of the box with your selling methods or buying areas.  Look outside your area.  If you want, come to Columbus and we can show what I mean.

 

Do you have questions about distressed assets, receivership or bankruptcy sales, auctions?  Email me at rfk@gryphonusa.com and I'll try to answer it in an upcoming post.

Richard F. Kruse is the President of Columbus, Ohio based Gryphon USA, Ltd. (www.gryphonusa.com).  The Gryphon Organization includes Gryphon Asset Management providing receivership and consulting services in the distressed marketplace, United Country Gryphon Realty & Auction Group (www.ucohiorealty.com & www.ucohioauctions.com) providing real estate brokerage and auction services throughout Ohio and OnlineAuctionUSA.com (www.onlineauctionusa.com) providing commercial asset liquidations from the Midwest to East Coast. 

United Country Gryphon Realty & Auction Career Opportunities Available.  Call 614-885-0020 x 17

1 commentRich Kruse • July 19 2007 09:04AM

Comments

Rich, who do you recommend for loans out there? I can't get the Cali lenders to work with me on the small loan amounts. I.E. under 75k loan amount.
Posted by John Evarts (Classic Property Management of Santa Clarita) over 3 years ago

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