| From Forbes: There's good money to be made in commercial real estate, if you keep leverage modest and shop for unsexy properties. In the debate over whether real estate is a good deal these days, David Goduti is very much in the optimists' camp. An executive with a property arm of EFO Holdings, Goduti spends his days hunting down deals that will appeal to wealthy families.
Last year for $1.2 million he picked up a 5,000-square-foot building previously owned by a busted Florida bank and most recently in the hands of the Federal Deposit Insurance Corp. Goduti then found a sound bank to sign a 15-year lease with a partial inflation escalator and an initial annual rent of $108,000 plus expenses.............................................Full Article: Source
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