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Updated over 5 years ago,

User Stats

20
Posts
1
Votes
George S.
  • GA
1
Votes |
20
Posts

2.6 mil Triple net investment, please advise

George S.
  • GA
Posted

Hello community.  New investor to the market, am currently employed full time and looking for something for a passive investment.  I have been in contact with a few commercial realtors in Ohio and Georgia, they have passed over to me a few properties that are available, but really no other guidance and was wondering, what the BP community may suggest and advice on what I perceive to be the best opportunity so far that has been presented to me.  

About me, 

Employed full time

total of 800-900K Cash

passive investment, not sure if a triple net or a multifamily property is the best way to go. 

Open to investing anywhere in the US as long as the deal looks good 

Property 1

Triple net, 4 unit real estate plaza 

price: 2.65 mil 

cap: 6.4% (assuming that the 4th unit is rented)

new build, 18'

3 tenants so far, locked in for 10 yrs

2% annual rent increase 

small town, average population growth < 1% but growing 

I was told that I have to keep the details confidential, unfortunately I am not sure if I can provide further information

Any advice.  Thank you!!! 

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