About Michael Zaransky

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So far Michael Zaransky has created 33 blog entries.

The Rise, Fall, and Rise Again of Midwestern Towns

  The images of Rust Belt cities haunt and amaze: frame after frame of homes and businesses and factories, hollowed out and abandoned -- some looking as if the occupants just stepped out for a minute. They leave one thinking of a bygone era, when business boomed and these places thrived. They backslid because of [...]

By | 2018-05-17T16:53:34+00:00 March 23rd, 2018|Categories: Blog|Tags: , , , , |0 Comments

Preserving the Past, while Facing the Future

The Wrigley Building, one of Chicago’s iconic structures, dates back to the early 1920s, when William Wrigley Jr. settled on a site along Michigan Avenue, hard by the Chicago River, for the headquarters of his chewing-gum empire. It has loomed over the city’s skyline ever since, though it underwent a makeover after being purchased in [...]

The Local Watering Hole: Neighborhood Anchor or Lodestone?

At their best, neighborhood bars serve as the social hubs of their neighborhoods -- vibrant places that draw people in and draw them together. At their worst, they are nuisances, producing excessive noise, littering, vandalism, etc. The question, then, is this: What are the pros and cons of investing in real estate near such places? [...]

Leaving the Family Business to Become An Entrepreneur

Strike out on one’s own, or stick with the status quo? That was the question facing Cobus Visser, a South African and self-described mental strength sports coach and master firewalker. For a very long time he wasn’t sure. He had moved on from the family business -- going on what he called a “hero’s journey” [...]

By | 2018-01-25T16:18:23+00:00 January 25th, 2018|Categories: Blog|Tags: , , , , |0 Comments

Let It Snow, Let It Show: Winterizing Your Repositioned Property

There is some debate as to how Chicago came to be called the Windy City; one theory is that the nickname was first used in reference to its boastful citizenry, another that it came about because of its many bloviating politicians. There is also evidence that it is far from the windiest place in the [...]

By | 2018-01-19T22:52:00+00:00 January 19th, 2018|Categories: Blog|Tags: , |0 Comments

Multiple Ways to Add Value to a Multi-Family Building

  As I wrote in my 2007 book Purchase, Rehab and Reposition Commercial Investment Property, repositioning multifamily apartment buildings has long been my passion, and has proven to be a pathway to profitability. It’s hard work, as investments go, but it has always been worthwhile. Most of the success our company has seen comes from [...]

Starbucks & Stadia: Reading the Neighborhood of Your Investments

In the ultimate case of something old and something new, stadia (which date back to the 13th Century BC) and Starbucks (a coffee company dating back to 1971) can be indicators of neighborhoods that offer abundant opportunity for those looking to reposition real estate. There are more obvious signs to take into account, to be [...]

How to Avoid Getting Lost on the Paper Trail

As with home-buying, the closing of any commercial real estate transaction brings with it an inch-thick pile of paper, even in this digital age. Pen in hand, we all must wade in and find our way out the other side. I’m here to tell you that it can be done, that you can keep your [...]

By | 2017-12-22T20:40:12+00:00 December 5th, 2017|Categories: Blog|Tags: , , , , |0 Comments

Cosmetic vs Complete Rehabbing: The Case for Each

The goal of purchasing, rehabbing and repositioning a property is to make a profit, period. That means every decision you make must have the bottom line in mind. That is especially important when it comes to deciding about the level of renovation required to reposition the property. Over the years I’ve been involved in everything [...]

By | 2017-11-06T21:39:46+00:00 November 6th, 2017|Categories: Blog|Tags: , , , |0 Comments

Due Diligence in Real Estate, Part 2: Equity and Loans

Whether you’re new to purchasing, rehabbing and repositioning real estate as an investment opportunity, or you’re a more seasoned investor (in real estate or elsewhere) you need to answer one big question before you make your next purchase: Where’s the money coming from? The answer? Either you have 100-percent equity to invest or you are [...]

By | 2017-10-31T19:57:34+00:00 October 31st, 2017|Categories: Blog|Tags: , , , , |0 Comments