All Forum Posts by: Dustin Tucker

@Faris Wright to me there are two investment types when you go out of you are either Investing For appreciation or cash flow if you are invest on either Coast most of your investments will be appreciation based since the cost is much higher than the rents. Obviously you need to take into account tenant landlord laws, if you are investing in Middle America it seems to me that there are many opportunities for double digit cash on cash returns. I would be much more interested in investing in cities where Elon Musk is building his business than where the WNBA is building theirs it's kind of the irony the WNBA is going to Portland, OR Elon Musk is moving to Austin Texas

@Joe S. Read your lease, you should have a provision that the lines are clean when they moved in, and any blockages are the tennants responsibility. Also since you're on septic you should check and see if there is a septic addendum for Lisa's that your property management provided to the tenants.

@Michael Baum Crash imminent, you cant have an 800,000 negative job revision and have a strong economy.

@Mike Farr I have not used any sites like been verified however you can go to the county clerk's website for the county where you are buying the property and search the owner's name and that will pull up a list of any liens that are on the property.

@Joel Betances

There really isnt anything to do here, you can ask your lender about the combined $1500 in processing and underwriting fees, but appraisals are running high right now. The big difference is the $1700 in transfer taxes. The escrow fee of $250 looks low to me.

@Samuel Koekkoek

Whatever you do, dont get into the S&P in the next 6 months, every time on the lastv30 years the Fed has cut interest rates by 50 bps, the market has had a minimum of a 30% correction. If you are looking for cashflow, check out the midwest, from my perspective purchasing a 1-4 unit property is much better than a 5+ unit because of financing options. I did a quick search on zillow and found this duplex in san diego. https://www.zillow.com/homedetails/3220-3222-Horton-Ave-San-Diego-CA-92103/439930601_zpid/?utm_campaign=androidappmessage&utm_medium=referral&utm_source=txtshare

I think that unique properties like this one will do better over time, i dont know the neighborhood, but i love the view.

@Kyle Fitch

Real estate, you can see feel touch, stocks are hypothitcal instruments thst you dont even own, see the 2008 Lehman Bros collapse, all the indovidual stock owners lost everything.

Hello Justin, this sounds like a great project, are you planning on purchasing any more projects?

Get a personal assistant and teach them how to create a CMA.

I don't know the exact location of the property, but from my perspective a lot of former drive throughs are being replaced or no longer used, especially at former bank properties.  

To answer your other questions, you would be able to charge more for the additional space, but I would think that would be negotiated when you make the modification allowing them to convert the drive through space.  I would think that if the tenant is paying for the addition, they would want to have a minimum of a 5 year lease, if not a 10 year lease in place in order to pay for the improvements.

As in any real estate investment it is risk reward, I think with the current market and a stable vet tenant, that if you can get a 5+ year lease, it would be worth it to let them expand.

If you are worried about value, you could always talk to a commercial real estate appraiser.