Dike Drummond MD's Page

Your relationship with your Property Manager is key to the success of your Commercial Property Investments. This relationship starts with your Contract AND we have found a lot of Property Managers Contracts are heavily weighted in favor of the Property Manager.
These dangerous contracts are often presented as if they are “standard”… Not True. You get what you negotiate. The last thing you want is to be locked into a contract with a poorly performing Property Manager… and no easy way out…… Continue

Can you say “BUBBLE”?

Here is a bar graph of US Commercial Property Sales closed from January 2000 to June of 2009. It so clearly tells a tale of Boom and Bust. A picture is so worth 1000 words.



Interestingly the peak is earlier than you might think. It is centered around April of 2005 - April of… Continue

Last night I was watching television when an ad came on - in prime time - promoting a foreclosed/distressed Commercial Property Auction. “Who wants to by an empty Home Depot location … step right up”

I thought to myself, “This really is a sign the end is near - meaning it is seriously time to buy!” I have never seen anything like this before. Sure, the “no money down” guru crowd does a lot of work with TV… but that’s usually late night infomercials … and yes I do own a Carleton Sheets course fr… Continue

The Pontiac (MI) Silverdome - former home of the Detroit Lions - just sold for $583K. That is not a typo …. $583,000 It cost $54M to build in 1975. Just think what that is in today’s dollars !!

The Glory Days?


- Back in 1994 Brazil beat Italy in a world cup game in this building.
- Michael Jackson, M… Continue