Why Put Off to Tomorrow What You Can do Today?

to do list
  • We are officially into holiday season 2022 – next week is Thanksgiving.
  • Aggressive and smart investors can often find good opportunities in uncertain economic times like we are currently in.
  • So lets use these remaining six weeks of the year to get a great start on 2023.

I think we are officially in the end of year holiday season. Thanksgiving is next week. One of the groups I belong to had its holiday party last week. And Hallmark Christmas movies are in full swing.*

And while visions of turkey and stuffing danced in my head, I really started to think this week about the dangers that this dreaming can cause. Its what I call a kind of holiday malaise at work and it can present a real problem. So much so that, at our weekly meeting, we talked about not letting holidays interfere with our mindset at work in the next six weeks.

Luckily, I have a great team here at Bukowski Law Firm. So while we are all looking forward to celebrating the holidays with our friends and families, when at the office, we are focused on work. And won’t let our anticipation get in the way of serving our clients. And that’s what I want to write about this week in the blog – maintaining focus for these last six weeks of the year. And not letting them go to waste.

Where is the Commercial Real Estate Market?

 

We have about six weeks left in 2022. And that’s a long time. But, as I am sure you know, its so easy to see that time just get wasted. Its why – even though I love the holiday season, it can be very frustrating.

And I worry that may be especially true this year because there is so much uncertainty in the market. I have heard from a lot of people that they are not out looking at acquisitions, developments, etc. right now because of that uncertainty. That is, obviously, completely understandable. With rising interest rates, large layoffs, the potential for a recession – its murky out there. And the cap rates in the market may not yet fully reflect the changing conditions.

But with uncertainty brings potential opportunity. Assuming things go as expected, there will likely be lots of opportunities in the near future with distressed assets. Whether that’s providing third party lending or buying notes or acquiring property – all of those opportunities are likely to be there. And the time to kick the tires and see what is available is now. There are likely to be a lot of investors in the market looking to acquire distressed assets. So the sooner you are out there pounding the pavement and looking for your own investments, the better off you will be. If you put it off for these six weeks and wait until next year, it may very well be too late.

Also, we are not tax lawyers, but getting a deal closed before the end of the year can potentially provide tax benefits. This is between you and your tax accountant but if you have an opportunity to take a gain or loss this year, it may be beneficial versus waiting until next year.

So what are we saying here? Obviously you know your business a lot better than I do. But it just pains me to see people throw away the last six weeks of the year because of holiday malaise. So check with your accountant, check with your broker, and check with your team to keep these last six weeks busy. And get the start on a fantastic 2023.

 

** If you need any recommendations, let me know. I’ve seen a few.

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