All Forum Posts by: Gil Lieblich

Thank you for all your responses. I guess i need to be more clear woth so.e of the details. Its not that i know mothing about the business. It is located in a college town and has been pretty consistant at least for the last fifteen years that i have been going. My friend left only a year ago so is pretty familiar with their current business. We both have looked at the business and the details his costs ans profits. We also had others with experience look at the business and the numbers they match up as well as another friend owns another bar in town and the numbers are similar. I dont know all the details true but i am familiar and really its not a very complex operation being that its one the largest bars in town.
I wont be laying out all 800 but rather i will pit down thirty plus percent. Also there is an apartment above the bar that gets around fifteen hundred.
So i am back to my original issues of what is a good rate of return and how do we make a deal to allow him to buy it back in lets say ten years or similar idea...

I am what i would consider to to the investment world of real estate. I own a few small properties (condos) that I rent. Now I have been in talks with a good friend of mine who is attempting to buy a bar in a college town. He used to manage the bar and knows the business after being involved for 15 years.
SO the bar is unique and potentially a great business opportunity. he is in the process of raising capital to buy the operation and has asked me if i wanted to buy the building. The building is quite expensive at around 800,000 and basically would take all of my capital to purchase. I know as a general rule its not good to do business with a friend but it is a great opportunity. I am having two issues...
What is an appropriate return that i should be asking for as with my residential property i have always tried to find approx. 6-8%.
My other issue is his long term goal is to purchase the property from me as he would need it to be attached to the business which i understand and agree with but I have always been a long term investor with thoughts that i buy to hold for my retirement in thirty years... So how do i price a buyout in lets say ten years? As this ties up my capital is this a smart move to get involved.
Again this some what new to me so i apologize if i seem ignorant or have not given proper detail...any thoughts advice or criticism will gladly be accepted.

I purchased a couple of units for what i consider a good price in an adult community in boca raton florida. I live in NJ so i was shocked to find out how much the agent wants to handle finding tenants for my units. My issue is apparently tenants use agencies to locate rentals for them so basically i have to pay a commission to my agent and the agent who brings in the tenant. I attempte dto list initially on craigslist but got no responses. Is it the older poeple feel more comfortable with an agent? are there other resources to post thatt would attract the right tenant?
I think my agent screwed me as we priced the rental to high (right on the numbers she said we could get when i bought the place) now she claims that no one gets those prices... basically keeps blowing smoke up my you know what.... but they are the main agency that handles the development so i feel stuck with them... After lots of negotiating i got them 'down' to 13% commission.

i just started going to the auctions recently and have seen this happen on many occasions. In fact I was recently at an auction in Middlesex where the woman representing the plaintiff was visibly annoyed asking for proof of funds because many people were bidding up the price instead of allowing her to just take it for $100.
But as stated before many proeprties are just not worth the upset price and no one bids and the plaintiffs gets it for the opening bid which is $100.