All Forum Posts by: Fred Shank

I think there are great opportunities still in Tacoma and Olympia, so I recommend talking to those Clinton mentioned. 

I’ve been looking down there for a while; haven’t pulled the trigger on anything...yet, but hopeful for the New Year. 

The drab days of pile it high, stack it deep are over; consumers want more. And it can't just be about value... as that on its own will surely be a loser when AMZN can wipe that clean with its efficiency (e.g. TJMaxx). So those that are creating experiences within its brick and mortar will continue to grow. In my view, it's infill convenience locations, food service, health clubs, medical services, as well as those dynamic retailers, like REI, Bass Pro, Whole Foods, Anthropology... (they know how to merchandise and story tell to consumers in awesome ways). ...so brick and mortar ain't dead, just evolving.

I’ve been thinking about a franchise for a while.  Following to see where this convo goes. 

No money down is a good opportunity... but it seems like there are a lot of reasons, which your analysis shows, that makes this one of the properties that your contact is willing to part with.  

But for clarification, your numbers are monthly, not annual, right?   (Go back and read your first line of numbers).  And why is your mortgage payment estimated?  ...wouldn't you know that by now? 

NNN are a good way to diversify a portfolio with low-risk, nearly guaranteed cash-flow for the long term. We have gotten into them recently for that reason.

I echo @Jessica Zolotorofe's point; its all about the tenant. They have to be very strong --- but I would go one step further --- make sure that the property is highly productive (sales, warehouse activity, etc.). Find NNN that are Amazon-proof with strong sales (gas stations, QSRs, etc) and you'll be ok.

I'm about to close on a commercial property in St. Louis. It's a NNN, but there is a tiny strip of land that isn't leased out. Any recommendations for an insurance broker to help me get across the finish line and properly manage my risk?

following!  ...as I have had similar experiences. 

I echo that. I have found this thread extremely helpful.  

But @Darwin Crawford, were you working with a local bank or a national?  I ask, because I recently refinanced a commercial property for my family. The nationals were a pain in the #$%%@, but there was a hyperlocal bank that gave us preferred terms and it was a pretty painless transaction.  

And maybe I'm crazy, but over and over I read that people are having trouble with commercial lenders.  I find this puzzling (and maybe I'm terribly niave). Commercial is all about the numbers. Hard. Cold. Math.  If the nationals are requesting too many strings, there are always locals. If both are being a pain... then you have to ask, are the numbers there?  

Diane G. "No real appreciation" in Austin?!!? Over a 10-year period?!?? ...I can't even fathom that.

@Chris Conroy Can you share the additional details with me as well?   [email protected]  Thanks!