All Forum Posts by: Travis Elliott

I have one done on a business that I sold on a contract. The purchaser was looking at paying off early

The study was way over priced in my opinion.

 I just called beehive and they did quote 5.875. Thst sounds cheaper than most

I also wondering how your investments are doing?

Hello

I have a loan on a business paying off soon. This loan is carried by me so I am getting monthly payments from the business purchaser.  They are reselling the business so I will be getting  a 700,000 payoff in the next few weeks. 

This morning I got a message that a second loan that I carry will be paying off. This is on a mobile park that I sold. The payoff is somewhere around 260,000.

I don't work and my income is from rentals and the loan payments. Currently I am in a S corp.

What would be the best way be to reinvest these funds inorder to mitigate taxes. Both current and future taxes. 

I am considering investing in LTR's, a campground, stocks, cds or possibly a flip ot two. 

I appreciate any guidance that you can offer.

 That may not cover inflation. I think that inflation last year was 8 plus percent. 

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I should add that it is a NNN lease. They are not responsible for everything though. I think repairs come in around $5000.00 plus they pay insurance and taxes. The roof is not covered unfortunately.

I could try to negotiate the roof coverage with the new tenants. I am not sure if they would except it or not.

Hi

I currently lease a commercial building out for 4900 a month. The tenants are currently selling their business to a conglomerate.  

the new buyers suggest a rent increase of $ 200 every five years.  This sounds low cinsidering that it is less than 1% a year. 

Is there an industry standard percentage that is used to calculate rent increases on commercial property.

Thanks

Travis

Hello Don.

Thanks for the reply. I have been busy lately so sorry for the late reply. 

I would like to talk to you some more about this. We could talk off of this forum, possibly on Facebook. 

Travis