All Forum Posts by: Jason G

Hi everyone,

I’m interested in purchasing a commercial piece of property located in Lake City, Fl. This property is not in the best of locations; however, everything seems to be moving west, which is where this facility is located. Lake City is quite a small town (i.e 10K people) but I must say it is growing quite rapidly. Everything on east side of town has been built on,
which inherently is why everyone is moving east. I found a facility that is already rented with short term lease, but long term tenants (e.g. each tenant has leased their unit for 8-15 years). This particular property is 1.10acres, building size 7185sq ft, I’ve already spoke with the land lord who had the city approve an additional 6500sq ft of buildable land. He also mention a rather interesting idea, behind the building is quite a substantial piece of property, which he considered building 10 mini storages for contractors, which could potentially generate an additionally 5-6K monthly income. The current tenants leases are as followed: Unit A: 1,750 square feet $705, Unit B: 2,250 square feet $850 and Unit C: 2,645 square feet $950

Everyone, I’m a complete novice and looking for guidance. What are your thoughts on this property?

As a side note - the reason the landlord is selling is due to old age, which is why it’s in the shape it is. (Age: roughly 75)

PS: My intention was to post a link with the property stats, but I need at least three post before I can post a link. If someone is interested in helping I can send a link through PM.

Best Regards,
Jason.

Nearly 30 reviews and no replys. Someone out their has got to have some information for me. "ANYTHING" Maybe i'm not asking the right questions. I'll give it a few more days and then i'll re-word my Questions. If you need any additional info. PLEASE let me.

Hello Everyone,

Im seeing guidance. I'm a young entrepreneur, who absolutely loves business. I'm not to familiar with the Real-estate field, so please for give my ignorance.

Brief summary:

I'm twenty two years for age, working full time for an engineering firm as a test engineer. How intriguing that might sound it really isn't. I also attend school part-time and I have a part-time business. Okay, enough of the boring stuff.

Question:

I have been quite interested in the Real-estate field and now i'm seeking guidance. I wanted to know how everyone felt about building or buying a duplex. Why I said Building first my farther is a general contractor, so it wouldn't be a problem for him to build a duplex for cheap. I also have an investor that is would like to pertisapate in my conquest. As a first time investor in the real-estate field I was wondering how everyone felt about investing into DUPLEXS? I have also been reading up on "TIC" Tenants in common, However, I few question to ask if anyone has dabbled with program. I'm not looking to get rich in short period of time. Like I said before I'm an entrepreneur, so I know how the waiting process goes. "I'm just looking for a mentor to set me in the right direction and create a passive income."

I greatly appreciate an advice given.

Hello Everyone,

Im seeing guidance. I'm a young entrepreneur, who absolutely loves business. I'm not to familiar with the Real-estate field, so please for give my ignorance.

Brief summary:

I'm twenty two years for age, working full time for an engineering firm as a test engineer. How intriguing that might sound it really isn't. I also attend school part-time and I have a part-time business. Okay, enough of the boring stuff.

Question:

I have been quite interested in the Real-estate field and now i'm seeking guidance. I wanted to know how everyone felt about building or buying a duplex. Why I said Building first my farther is a general contractor, so it wouldn't be a problem for him to build a duplex for cheap. I also have an investor that is would like to pertisapate in my conquest. As a first time investor in the real-estate field I was wondering how everyone felt about investing into DUPLEXS? I have also been reading up on "TIC" Tenants in common, However, I few question to ask if anyone has dabbled with program. I'm not looking to get rich in short period of time. Like I said before I'm an entrepreneur, so I know how the waiting process goes. "I'm just looking for a mentor to set me in the right direction and create a passive income."

I greatly appreciate an advice given.