On Bar operator at Corvina's may be evicted
Posted on August 22 at 10:44 p.m. ( Suggest removal )
Did anyone else notice today's public records?
Connect the dots...
http://www.gazettextra.com/news/2009/aug...
On Evil bunnies and their offspring
Posted on May 11 at 7:57 a.m. ( Suggest removal )
Testerific: You have got to be kidding me, right?
Posted on April 25 at 7:08 p.m. ( Suggest removal )
Lets put two and two together.
When apartments sell, they sell because of the assumed value of future rental income. More more units that are leased, and the higher they are leased for, the more a complex sells for. This is done by taking NOI (Rental Income) - Exmenses x a CAP Rate (Capitalization Rate).
My guess, is that the owner bought these units with high vacancies (inherintly lower than market prices), then filled them up fast with tenants regardless of thier ability to pay rent. By doing so, he eliminated vacancy, and would have been able to sell them quickly for a profit with an increased NOI (Net Operating Income).
Unfortunatly, the national market is in the tank, and well, we all know that Janesville is not an exception to that rule. Now, he is stuck with these properties.
Just my thoughts...
On Developer is invested in Janesville
Posted on March 9 at 8:54 a.m. ( Suggest removal )
janesvillian:
I am not saying your wrong, but your "5 year rule" is more accurately applied to residential real estate. With corporate tax structures combined with income producing property, this "holding" time period can be as short as an hour.
On Balloons to float again in Monroe
Posted on February 25 at 1:05 p.m. ( Suggest removal )
I once flew in the big yellow Janesville balloon, it was quite the expirience.
I will also confirm that they have no helium on board, just hot air.
On New Walgreens store plan in question
Posted on January 9 at 3:17 p.m. ( Suggest removal )
Typical Janesville mentality.
Lets see: Walgreens is going to provide an additonal tax base, employment both during construction and during operation, and it will clean up a currently vacant property.
Yep, your right, this is the worst thing for Janesville.
Progress, go away, we would rather be a stagnant community with rising unemployment. Thanks anyway!
Posted on December 15 at 12:21 p.m. ( Suggest removal )
ChsMkr, interesting point, this seems to have been a career move that had been planned well in advance.
frusion, why are YOU curious about why ChsMkr is curious?
On Janesville teen rescues abandoned hamsters
Posted on December 10 at 4:14 p.m. ( Suggest removal )
Trash last month, hampsters today, world hunger tomorrow!
Page 1 of 7 | Next
On Bar operator at Corvina's may be evicted
Posted on August 22 at 10:44 p.m. ( Suggest removal )
Did anyone else notice today's public records?
Connect the dots...
http://www.gazettextra.com/news/2009/aug...