All Forum Posts by: Ed LeGrand

Wholesaling is a waste of time in general. It's more beneficial to study and get your real estate license or go work for a developer that has capital and experience.

This is possible. Have you researched and/or contacted the current management group? As long as the property has solid management in place you can safely invest from out of the area.

https://www.youtube.com/watch?v=sxw_y0de_J4

Cadillac's closing is unfortunate. I am a fan of V-Series cars. However, Tesla should consider operating a Service Center at this turnkey dealership about .5 mi from their Santana Row store.

Thanks for watching!

Smaller banks, credit unions, and hard money lenders may have an individual or department that you could contact regarding the REO asset. For REOs from larger banks, it is easiest to get in contact with the assigned listing agent.

There are good restaurants and touristy destinations to see in San Francisco and Oakland. You could visit San Jose and Palo Alto to see some overpriced real estate. If you make it to Los Angeles, then try staying near the west side and visiting the beach on a warmer day. Enjoy!

That is great Bo. Another tip when searching for corporate guaranteed "high" cap rates in CA, is to take a look at B and C markets throughout the state. 

For example, a new construction STNL Starbucks in an area like Chico could trade at a higher cap rate than in Thousand Oaks. And, the caramel macchiatos are still the same price.

Originally posted by @Ed LeGrand:

Originally posted by @Bo Wang:

Originally posted by @Ed LeGrand:

Originally posted by @Bo Wang:

Thanks @Charlie MacPherson, @Ash Patel, @Eduardo Zepeda for all the suggestion, that does help a lot.

For maintenance, to make sure the tenant maintain the property properly, is that possible I have inspector inspect the property regularly (such as yearly), if there are deferred maintenance, can I request the tenant to fix it? Does this the normal case?

Also, I do see some NNN lease property vacant during the lease, if they are corporate guaranteed, the company will still continue pay the rent until lease end, but how to handle these vacant property during this period before the lease end? Does the landlord has the power to re-rent to other tenant?

Thanks again.

Typically the space could be subleased if the corporate guaranteed tenant vacated. This item would be covered in the lease. I am a supporter of single tenant net leased investments and have worked on brokerage teams specializing in NNN properties. If you find a product type, tenant, and market that you like, the opportunities for NNN lease investing are endless. Good luck!

 @Ed LeGrand, currently I do only focus on the single tenant lease as well, but still evaluate which property type should I focus on, such as drug store, franchise store, restaurant, etc. Still a lot of to learn and long way to go before I pull the trigger. :)

Originally posted by @Bo Wang:

Originally posted by @Ed LeGrand:

Originally posted by @Bo Wang:

Thanks @Charlie MacPherson, @Ash Patel, @Eduardo Zepeda for all the suggestion, that does help a lot.

For maintenance, to make sure the tenant maintain the property properly, is that possible I have inspector inspect the property regularly (such as yearly), if there are deferred maintenance, can I request the tenant to fix it? Does this the normal case?

Also, I do see some NNN lease property vacant during the lease, if they are corporate guaranteed, the company will still continue pay the rent until lease end, but how to handle these vacant property during this period before the lease end? Does the landlord has the power to re-rent to other tenant?

Thanks again.

Typically the space could be subleased if the corporate guaranteed tenant vacated. This item would be covered in the lease. I am a supporter of single tenant net leased investments and have worked on brokerage teams specializing in NNN properties. If you find a product type, tenant, and market that you like, the opportunities for NNN lease investing are endless. Good luck!

 @Ed LeGrand, currently I do only focus on the single tenant lease as well, but still evaluate which property type should I focus on, such as drug store, franchise store, restaurant, etc. Still a lot of to learn and long way to go before I pull the trigger. :)

You are already looking in the greater Sacramento region. How about Natomas, Folsom, Rocklin, and Lincoln? Those are nice areas that should be stable over the next 4 years because of the influx of residents moving there from Bay Area.

Originally posted by @Bo Wang:

Thanks @Charlie MacPherson, @Ash Patel, @Eduardo Zepeda for all the suggestion, that does help a lot.

For maintenance, to make sure the tenant maintain the property properly, is that possible I have inspector inspect the property regularly (such as yearly), if there are deferred maintenance, can I request the tenant to fix it? Does this the normal case?

Also, I do see some NNN lease property vacant during the lease, if they are corporate guaranteed, the company will still continue pay the rent until lease end, but how to handle these vacant property during this period before the lease end? Does the landlord has the power to re-rent to other tenant?

Thanks again.

Typically the space could be subleased if the corporate guaranteed tenant vacated. This item would be covered in the lease. I am a supporter of single tenant net leased investments and have worked on brokerage teams specializing in NNN properties. If you find a product type, tenant, and market that you like, the opportunities for NNN lease investing are endless. Good luck!