All Forum Posts by: Dawn Vu

@Mark Futalan hi Mark! Sent you a PM.

@Dan Edwards sent you a PM

I’m in California. I’ve been leasing my office space for over 10 years and still have 3 years remaining on my lease. The property was recently sold and plans are in place to tear it down to build low income housing. The landlords sent me a letter stating that they will notify me 90 days in advance when they need me to move.

My question is: what are my rights? Tenant improvements usually run about 50k for my profession. In addition, 90 days is not enough time to find a new place, do the necessary tenant improvements and notify clients of the move. I will speak to a attorney soon but wanted to get some advice on here from others who may have been through the same dilemma.

I’m a newbie to investing and would like your expertise on this deal:

4 Plex - brand new construction. Growing area. Near a university.

Each unit is 3 bedrooms/2 baths and going rate for rent is about $1250 each unit

Asking price $579k

Is this a good deal?

Any advice is appreciated.