A solid triple of a deal and not easy to find these days.

Also,  if you're doing rehabs, double or triple your rehab budget,  you'll likely find some unwelcome surprises!

If you are talking about credit tenants with triple net leases then also they look at the credit rating of the tenant and how healthy they are.CTL's which stand for credit tenant loans are still lending at 85% to 90% LTV because lenders view these loans as very low risk with a low default rate.So for that these lenders will still do a loan with much less down.That is one of the advantages of having a great credit rated tenant for a property you are purchasing.Many of these existing loans are assumable as well to qualified buyers.New York and California are more SPECULATION on appreciation states and not based on cash flow for marquee properties.You can find much better caps for credit rated tenants in other states.In the urban core key places like Cali,New York,Boston,Washington the institutional buyers will outbid you for a lower cap rate.

From that I have a VA loan which gives me triple zero down at a 3% interest rate.

For example my high net worth clients like triple net for retirement.

(Rehab and increase occupancy to build equity to leverage up into larger nicer quality properties with less issues).5.Sell off the apartment buildings to move into triple net purchases where you control high quality assets from businesses that send you mailbox money every month.If your income is higher or you have a larger amount of cash to start with you can bypass the first few types and move to the larger type properties right away.I would also say that 800 in rent is not a hard and fast rule for dealing with low income tenants.In certain upscale areas 800 a month can be very low income rent and you have people with huge issues to deal with.They want to live in the nice areas so their kids can go to the great schools but they struggle to live their and pay the rent.Even in "A" locations you can have "armpit" areas that can give you trouble.

Because of the drought across the U.S. many crops and cattle were affected.The shortages happened months ago but reserve supplies have been worked through.Now as demand is the same but with limited supply certain items beef,corn,etc. is going to really rise.It has been going up in small increments but will go up in bigger chunks soon.Smart restaurants are looking at what is not rising or is minimal in increase and trying to create flavor dishes so that their price margins don't go up and the profit shrinks.They still might use some of the products increasing in price but with less quantity in the dish to cut costs.This is why for instance if I buy a restaurant business I would adjust down the stated profit model to compensate for the coming higher food costs unless I knew I had a fixed food contract and the supplier could not go up on me.My background before triple net investing and apartments was commercial land development so I find your assembling of parcels interesting and would like to hear more about it and your plans.

Raja,If you want feel free to call me on the phone and I will be happy to take the time to explain to you the different asset types and what you can and cannot expect.I work with clients such as yourself with that amount and into millions and millions of dollars of cash purchasing commercial properties that are mainly apartments or triple net.It sounds like triple net might be a possible for you given you want more passive money but own a quality asset as your day job keeps you busy.

Normal life and normal hours and buying decisions are for the most part based on numbers and data on NOT emotion.Look at different types of commercial brokerages and find out what niche you want to focus on (apartments,hotels,gas stations,retail,office,industrial,land development,commercial leasing,triple net and on and on).Then find a top commercial brokerage who specializes in that field.Work with them a few years to learn the ropes and then go out on your own in your local market once experienced.Do not tell them your plans for going out on your own or leaving.If they know they are just a stepping stone they will not want to put that much time into you.You will be on a low split while you are learning.

I specialize in triple net properties nationwide.