All Forum Posts by: Sam B.

@Joel Owens

Thank you for the help all. Very useful information

Hi guys. I’ve come across a deal which I like, that has good upside. The only issue is that the most of the tenants have short lease terms, <5yrs. How do you go about a deal like this? I am guessing the bank will have a problem with the deal the way it is. Do you just go under contract and then in diligence work towards extending some of the leases?

@Tom Rottler

100% financed? No money down, how? That’s an infinite return. On that alone it’s a home run

@Henry Webster

I would make the offer with the conditions you want first. LOIs are non binding and is a way to see if you and the seller can agree to general terms and price. If you can’t agree on price, not worth going through the trouble of doing deep diligence.

@Daniel Hyman

I’ve found that total expenses in NJ shopping centers range from $5-7 a sq foot. It’s usually high Bec of taxes.

@Steve LeBlanc

Thanks for your help Steve!

@Steve LeBlanc

Mind if you share the lender with the group? I am in the same boat and having difficulty

@Jasmine Moore

Why not just wholesale it and ask the buyer to give you equity in the deal in exchange?

@Robert Shoffner

A lot of these comments are assuming you are talking multifamily, but not sure that’s what you are looking for. I have tried to use the comps from costar for retail and office rental, as well as the individual property estimates and have found them to be hit or miss. I would use the comps as a broad guide, but then verify the data with a broker who specializes in a certain area.

@Eddie LeGrand-Sawyer

Buffett loves steady cashflow investments that withstand recessions. He wants cashflow to make big bold bets when there is a downturn