All Forum Posts by: Jeff G.

Thats good to know. I thought the area was still like it was 10 years ago. 

I may be interested in checking it out. I work 10 minutes from there. 

Jeff

@Dawn Anastasi

Dawn, isn't that a pretty rough area over there?

I wouldn't say its a war zone but it isn't lake drive either.....

What is your experience with tenants with your other two units in that area?

Thanks

I thought the global warming myth was debunked long ago...  Didn't Al Gore crawl under a rock somewhere to never reappear and face his inconvenient scam he has made billions off of?!?

My first pick would be my attorney.  but my attorney is also my brother-in-law. 

May I ask you plans for the industrial building?

There are more commercial buildings for sale/lease in our are than you can shake a stick at.

Definitely a buyers market if you have a purpose for owning one.

$331 for a quadplex is not worth it IMO.  My duplex makes almost twice that, and my personal guidelines for duplexes is 4.8K  ($200/door) per year minimum projected cash flow.

I would keep looking.

@Kyle Grimm looks good.  How about some details.  Purchase price, reno cost, sale price....

A employee of ours father owned a business in Denver and owned three commercial buildings in the "green mile" area.  When he closed his business all three buildings were bought with cash for a hansom sum (way above typical market value).  All buildings were bought by dispensary owners for grow locations.  Our employee said you practically cannot find a commercial building in the area.

Thank you for your service!!!!!!!!!!!!!!

Sounds cool, good luck and welcome 

Everything I read is that we are ready for a crash in the next 12-24 months.  I am just planning to have cash in hand to pounce on a property or two when the crash happens.