Comments on: Creating Neighborhood Capital from Strip Malls http://aribra.com/creating-neighborhood-capital-from-strip-malls sustainable, development Mon, 04 Jul 2011 20:39:57 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: uberVU - social comments http://aribra.com/creating-neighborhood-capital-from-strip-malls/comment-page-1#comment-157 uberVU - social comments Sat, 02 Jan 2010 17:08:12 +0000 http://aribra.com/?p=409#comment-157 <strong>Social comments and analytics for this post...</strong> This post was mentioned on Twitter by YahyaHenry: New model explores leveraging community strip malls into engines of economic activity versus cash cows for their owners. http://su.pr/2tf6dI... Social comments and analytics for this post…

This post was mentioned on Twitter by YahyaHenry: New model explores leveraging community strip malls into engines of economic activity versus cash cows for their owners. http://su.pr/2tf6dI...

]]> By: yahyahenry http://aribra.com/creating-neighborhood-capital-from-strip-malls/comment-page-1#comment-271 yahyahenry Sun, 04 Oct 2009 15:37:34 +0000 http://aribra.com/?p=409#comment-271 Stephen, as with any real estate transaction - a buyer is a buyer; it doesn't matter if your community group purchases or if you buy it. What usually differs is the way it's financed and the way the ownership is held. I'm assuming the redev corporation is a non-profit. If they are properly documented, they likely qualify for state and federal funds. I would investigate New Market Tax Credits and Community Development Block Grants. As far as overpaying, the chances that can occur are lessened if you have a broker that understands property valuations. You can also produce your own cashflow model and business plan to see if it accomplishes your group's goals. Stephen, as with any real estate transaction – a buyer is a buyer; it doesn't matter if your community group purchases or if you buy it. What usually differs is the way it's financed and the way the ownership is held. I'm assuming the redev corporation is a non-profit. If they are properly documented, they likely qualify for state and federal funds. I would investigate New Market Tax Credits and Community Development Block Grants. As far as overpaying, the chances that can occur are lessened if you have a broker that understands property valuations. You can also produce your own cashflow model and business plan to see if it accomplishes your group's goals.

]]> By: Yahya E. B. Henry http://aribra.com/creating-neighborhood-capital-from-strip-malls/comment-page-1#comment-50 Yahya E. B. Henry Sun, 04 Oct 2009 08:37:34 +0000 http://aribra.com/?p=409#comment-50 Stephen, as with any real estate transaction - a buyer is a buyer; it doesn't matter if your community group purchases or if you buy it. What usually differs is the way it's financed and the way the ownership is held. I'm assuming the redev corporation is a non-profit. If they are properly documented, they likely qualify for state and federal funds. I would investigate New Market Tax Credits and Community Development Block Grants. As far as overpaying, the chances that can occur are lessened if you have a broker that understands property valuations. You can also produce your own cashflow model and business plan to see if it accomplishes your group's goals. Stephen, as with any real estate transaction – a buyer is a buyer; it doesn't matter if your community group purchases or if you buy it. What usually differs is the way it's financed and the way the ownership is held. I'm assuming the redev corporation is a non-profit. If they are properly documented, they likely qualify for state and federal funds. I would investigate New Market Tax Credits and Community Development Block Grants. As far as overpaying, the chances that can occur are lessened if you have a broker that understands property valuations. You can also produce your own cashflow model and business plan to see if it accomplishes your group's goals.

]]> By: Stephen Dronen http://aribra.com/creating-neighborhood-capital-from-strip-malls/comment-page-1#comment-49 Stephen Dronen Sat, 03 Oct 2009 22:51:18 +0000 http://aribra.com/?p=409#comment-49 I'm not sure I get the implementation. I like the idea and I understand the flow of funds and the advantages it would provide; but how do you get the strip malls in the hands of the consumers? I'm currently advising a community hat has a strip mall on the main corner (it is occupied by cell phone stores, cash advance shops, etc.). It is very profitable for the owner. How would you suggest going about getting into the hands of say a community redevelopment corporation, other than overpaying for it?<br><br>I love the thought, and would be very interested in learning more about how to carry it out. I'm not sure I get the implementation. I like the idea and I understand the flow of funds and the advantages it would provide; but how do you get the strip malls in the hands of the consumers? I'm currently advising a community hat has a strip mall on the main corner (it is occupied by cell phone stores, cash advance shops, etc.). It is very profitable for the owner. How would you suggest going about getting into the hands of say a community redevelopment corporation, other than overpaying for it?

I love the thought, and would be very interested in learning more about how to carry it out.

]]>