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Updated over 5 years ago,
Looking to buy NNN investment property
I am looking to retire early and interested in purchasing a fixed income commercial property. I have been reading about NNN investment properties which will have potential to generate monthly income with limited or no landlord responsibilities. I have been researching around the web to find out about NNN leases and listening to prod casts as well.
However I am requesting help to find a good real estate broker who can help me to navigate through the process of buying NNN investment properties, help me with proper duedeligence process, understand the risk mitigation techniques if NNN goes dark, come up with a plan and exit strategy. Most of them require purchasing a million dollar or more NNN property, my budget is around 500K and will be taking a mortgage . I have called some of them and they require a minimum of 1 million investment, is it very hard to find a brokers who can help me with this kind of purchases.
Has anyone gone thorough the NNN process with lower investment amounts like 500K or less and had good results, what kind of pros and cons I may run into purchasing NNN properties. Is it hard or easy to get financing , if so how much down payment is required , do we have 15 or 30 years mortgages on the market. Does interest rates or higher when compared with traditional home market. Can you please share your experiences or provide guidance
I have been researching properties and finding out that most of the properties on sale has less than 5 years and then the options to renew? Is that a good investment to get in to, what sort of duedelegence is required. I heard terms like corporate guarantee, good credit rating, location etc.
How hard is it to get a new lease in case tenant goes dark. The properties I was looking at are big national restaurant chains . What are the risk mitigation strategies.
Any help or advise is really appreciated.
Regards,
Vijay