All Forum Posts by: Manny Su

Hey Matt, Thanks.

It's a 8500 sqft on 1.2 acre lot.  I'm dropping the deal.  The amount of property taxes the tenant would pay is capped and it's below this year's valuation by the township.  So the current owner is already in deficit. Makes no sense.

Looking for other options.

 Thanks John.   I've dropped the deal. There's a cap on the property taxes that the tenant would pay every year... And with PT raising every where, the current owner is already in deficit.

 Yeah there were rent escalation for 10% increase every renewal 5 year terms.  There's 5 more years left for now and there are 3 more renewal options.  But I'm going to drop this one as there's a cluase on the max property taxes the tenant would pay.  And texas being so craze the property taxes are being so raised by the townships... It looks like the owner is going to be in deficit.  So I'm pretty much canceling this deal.

Hello Friends, First time here.  Seeking your advice. My agent got me a Family Dollar  property near a town 25 miles from houston texas.  With a Cap rate at 6.5% , this property built in 2010 with NN lease is costing about 1 Million dollars.  The property has another 6.5 years on the term.  I'm putting a down at 30% with 7.5% interest rate.  Please let me know your ideas on this one?   Are the rates reasonable now?   

Appreciate any discussion on this.