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10 August 2024 | 8 replies
In theory you could also recover 1/6th of the CAM costs, too, but in my very limited experience with mixed use, the first floor commercial could very well push back on that, since they very well may not be utilizing almost any of the common area, depending on building layout.CAM would come from any number of places, commonly:Cleaning and utilities for any common lobby.Window cleaning for the buildingParking lot maintenanceLandscapingCommon HVAC maintenance, i.e. if a single furnace heats multiple spacesUltimately, you will want to be talking with either a commercial leasing agent or an attorney that specializes on commercial leases.One thing to note, while NNN leases are generally great, there is certainly work for you on a semi consistent basis, in creating the monthly escrow amounts and annual reconciliation.
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10 August 2024 | 9 replies
Let me share some info and data with you about this area.Grand Rapids has experienced a bit of a boom the last few years due to lack of properties for sale and consistent (or even increasing) demand.
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10 August 2024 | 4 replies
I think many will be inspired by your youth and give you a shot.
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12 August 2024 | 20 replies
Go to school and finish “ No Quitting” One went to college and graduated, with no debt because they worked all through college and applied to enough scholarships to make your head spin.One left home early and found consistent employment currently a young supervisor( now married with kids)The last one stayed home like first one got a trade in the electrical field (graduated).Then I told them no outside debt, you are getting houses.
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9 August 2024 | 13 replies
‘was shot multiple times + then i died. one star.’
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9 August 2024 | 18 replies
., single-family homes, multi-family units) to diversify my investments.10.Focus on Cash Flow: I’ll prioritize properties that generate consistent positive cash flow, ensuring that rental income covers all expenses, including mortgage payments, maintenance, and management fees.11.Long-Term Hold: I’ll hold properties long-term to benefit from appreciation and tax advantages.
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9 August 2024 | 4 replies
I get one shot at this for the near future.It would be similar to getting a lump sum of cash to invest in the stock market.
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15 August 2024 | 86 replies
Some I agree with, some not, but putting your thoughts out there for people to take shots at is noteworthy.
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9 August 2024 | 4 replies
If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.
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7 August 2024 | 2 replies
@Clinton Davis did you ever end up giving them a shot?