H. Jack Miller
Beware of Appraisals: I would not at face value, some of them are a joke.
4 November 2024 | 33 replies
The ironic thing is, when someone pays over appraisal price, the subject property becomes a new comp and literally creates a brand new value for itself and the other properties nearby.
Paul Ross
Peter Harris Commercial Property Advisors Protege - a Digital Marketers Perspective
1 November 2024 | 9 replies
It could be possible that he is an honest guy and just using outdated marketing methods which is DAMAGING his brand and reputation.
Greg Geaski
Property management software
28 October 2024 | 4 replies
If the leak is due to the software I would switch to a bigger more national brand instead of some company that is smaller and has the ability to have cyber issues.
Kiran R.
NNN in QSR - Percentage Rent Lease vs 5 yearly increases
27 October 2024 | 8 replies
Hello I am just getting started in NNN investment, and mainly looking at national brand tenants in Quick Service Restaurants(QSR).
Jeff S.
Suggestions to impact appraised value & tax benefit for 2024?
27 October 2024 | 0 replies
We're looking to renovate something before the end of the year to accomplish 2 things: 1) Improve home value so we can get appraisal, refinance and leverage that to buy a new property. 2) Take advantage of the tax credits that are out there in 2024 before the new year or is it better to wait until 2025 and just hold onto the cash I have at hand.Here is a list of renovations that will need to be done eventually:*Brand new basement kitchen (cabinets + add seating area - we already have brand new dishwasher, fridge, gas oven)*New standing shower in the basement bathroom*New Siding*AC/Furnace for unit 1 are close to end of life but still functioning*New Fence/landscaping*New Windows for the basement*New Garage (unstable, concrete shifting, very old)*Solar Panels on the roof (There is a $0 down payment lease option w/ sunrun, but I'm hesitant to move forward)*Renovate master bedroom closet for tenants (it is old & has built in entertainment center that is very dated)*Repair Catch basin*Adding better drainage system for back door.Greatly appreciate any help, insight or advice!
Isaac S.
Delaware Statutory Trust DST 1031 Difficulty Giving up control
12 November 2024 | 171 replies
Calvin Lee,You won't really find a 7 cap Dollar General in a strong suburban to urban core location unless limited years remaining on primary lease term and mostly cash deals or very small financing.The brand new Dollar Generals with upgraded construction all around in strong suburban to urban core areas tend to sell for 5.75 to 6.4 caps with new leases in place.The 7 cap new Dollar Generals tend to be in crap areas weak suburban to rural and cheap construction and many times on septic systems instead of county or city sewer.Every once in awhile in a strong location there might be a 7 cap with 10 years left on a high end Dollar General at 3 million in price or up.These have no rental increases in primary lease term so year over year your income dollar becomes worth less and less.
Michele Richard
Chicago Rental Properties
31 October 2024 | 19 replies
Brand new and looking to get started with small multi family rentals.
Sean Bramble
Offshore Virtual Assistant for STR management
28 October 2024 | 6 replies
Multiple reasons why - high turnover, language barrier, individuals not representative of your brand, etc.
Jamie O'Connell
Section 8 - My Experience Two Years In
7 November 2024 | 45 replies
BUT when you go in to fix something that you see they have a brand new PS5, or a new phone, or a nicer car than you do etc.
Joseph Shuster
Negative Cashflow - STR
28 October 2024 | 46 replies
And that’s with issues and that pop up, however it’s brand new so probably won’t have too many items to fix in short term.Sounds like I should list it.