Don sorry to hear about your loss.I know losing a family member can be very tough.I wasn't able to attend the last summit for scheduling reasons.I do plan on fully attending the next summit.The past 6 months I have been doing more of the same working with clients on triple net and apartment building acquisitions.Later on in the year I might look at a business purchase etc. but not buying too much currently.I am interested in the future to add high quality businesses and proven other assets that don't take up much of my time.The low-income assets are not worth the headache for the additional anticipated return because of the lost time and risk factor buying in those areas.

My clients buy apartment buildings and triple net properties but you have to have much larger liquid cash to play in that space which is why many on BP focus on the little houses.The barrier to entry for houses is much,much cheaper.I am not a fan of having little houses all over creation.The logistics of keeping all that together is very hairy and I have heard of a few investors doing decent with it but many others have nightmare stories and outcomes.The biggest mistake I see is an out of town investor using a broker/agent who does managing on the side.They do an okay job for awhile but then when a regular sale comes along they let your property slide.You want a professional company that does not have a divided interest and only does managing.

I had bids double and triple what the low overhead company came in and bid the job at.

If I end up needing a business Umbrella policy to cover my LLC than that is not so good as a business Umbrella can be typically double or triple the cost of a personal umbrella.

I did land development with a big developer before I went into apartments and triple net.The future value will be tied into the highest and best use for the property.It is actually a benefit when banks or a regular seller are holding traditional property and do not realize the potential of the land.You have to analyze what the best use will be and how long you will have to hold it for that return.Also if the others all go easily ti will move things along but if one or two owners of the assembled land cause problems it can make the process take much,much longer.

Yes Lou except you aren't mentioning how hands on you want to be with your investment.I have clients that love apartment buildings for economies of scale and they have to moniter it some.I have others who love triple net with a monthly paycheck from a corporate tenant.

The day job goes well with my residential multi family investing to some extent.I like you would liek to get into commercial deals and utilize the triple net lease which to me sounds like a home run!

Look at the city and the team first, then look at properties if you feel it makes sense.Last note - hit up @joel owens before you buy multi-family or commercial or triple-net lease stuff.

Hi ken,I am an investor and triple net commercial broker.

Upon closing, the former homeowner (now beneficiary of the trust and no longer in default) executes a “triple-net” lease agreement7 between himself and the trust.