The total cost of ownership per year would be the business license which is $250 and the annual list of officers which is $125 plus a registered agent fee since you don't live in the state which runs roughly $100 a yr as well.

we tried that asked the board to put the item on the annual meeting and were told that the updated R & Rs do not need to be approved by the association members only the board, so we did not get the Items on the Agenda. we thought that was how you do it apparently not with our board ?

HiI am doing due diligence on a property and I see that the owner is showing only about 1/3rd of the annual rents that he is claiming that he is making. he is also managing the property himself.

For your annual $865 LLC fees you can buy a $4-5m umbrella.

Pete is a smart guy and charges around $175 annually.

John,You do not need all of that.What you need is a good commercial broker with a network of good lenders,title,etc.Each one of those types of assets of triple net you mentioned have their own finance structures.For example a pharmacy you can get in with 5% down and non-recourse with a 25 year term and amort.There are no rent bumps in almost all cases until the option period kicks in and it is minimal.Pharmacies are more like an annuity that you will own free and clear after 25 years throwing off good cash flow when it's paid off but being next to zero cash flow during the term..Until then you get depreciation.The lenders will usually go to DSCR of 1.01.With restaurants most are recourse unless investment grade and the lenders want a DSCR of 1.25 to 1.30.With restaurants you typically achieve rent bumps of 1.5 to 2 percent annually but because of DSCR are putting down 20 to 25% of LTV.How much money do you have today so far??

The costs are minimal; in GA it costs $100 to file the paperwork, and $25 to refile annually.

They required rentals to be registered, an annual fee, etc.

You are entitled at the very least to get free copies of your reports annually from each of the major bureaus.I respectfully disagree with the person who said that disputing items with the credit bureaus is a complete waste of time.

Couple that with a nice double-digit CAP and annual ROI and you may have a winner.I think fire damaged homes are a great target for wholesalers.