All Forum Posts by: David Finley

@Joel Owens that’s the issue the project is not fully funded and it won’t be for several more years.

It’s. Staffing agency so they are dependent on people coming the their office. I own 5 different buildings on the property the are in a building with several tenants. Yes curbs are going on and I’m losing entrances but not the entrance they use.

At the end of the day since they are a large known tenant I really need them to have a long term lease so I can refinance the property or sell. That’s the only thing that really bugs me.

I have a tenant in office space that’s lease is ending after three years. They are wanting to renew but only for a year. The reason is the state is looking and widening the road in front of the office and they want a quick get away if that happens. Would you all sign a year lease and be stuck when the state starts the road project with an empty building or just start advertising now to get a longer term tenant in there and keep current tenant month to month.

I have two loans one is for 500,000 and the other is for 28,000 my question is should I make extra payments on the bigger loan which won't make much of a dent or make payments on the smaller loan that will get it paid off sooner?         

Thanks everyone I thought maybe I was missing something when they said that. 

Has anyone ever heard of a commercial broker charging 10% to list a property? I had an agent reach out to me about wanting to list a property because they have a buyer for it but they wanted me to sign a contract to list it with them and the fees would be 10% at the time of the sale. I thought that was highway robbery since they already have the buyer so the fee would not be split with another agent. 1.5 million dollar property.

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*This link comes directly from our calculators, based on information input by the member who posted.

Would you buy this? Property has the great potential for a season commercial investor 

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*This link comes directly from our calculators, based on information input by the member who posted.

In listening and reading BP Forums. I have heard that you need to have 7 streams of revenue. What are some streams of revenue you use? 

for me as of now

1. W2 job
2. Uber/Lyft
3. Residential rental
4. Commercial rental
5. Notary service 
6.  Day care business

Maybe I'm looking at this wrong would like to tighten it up a bit and focus on 3,4,6 

I did tell my Banker and hired a lawyer. In Kentucky you can't have a land locked property that is against the law.  The next thing since I had sewage for more than 15 years they can not shut it off. They would have had to stop it before 15 year mark for it to work in their favor at all. The lawyer has seen this before and was very sure that it would be easy win.