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24 May 2020 | 1 reply
They have 4 years left on their new 5 year lease (Triple Net) with option to extend for another 5 years.I can acquire it for $5.8 Million and seller is willing to finance it for zero down.
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20 July 2023 | 160 replies
Your inventory tripled in three years.
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19 July 2012 | 33 replies
Just because something gets 20 offers does not mean it is a good buy.It just means inventory is low in the area or many people have more cash or credit than common sense when it comes to investing.If you do not need the cash now and want to build up equity and future potential cash flow than triple net might be something you look at.Typically the investor cycle has someone renting out a house,then a few houses,then a small apartment,then 1031 into a larger apartment,then maybe go into self storage,office,etc.Most investors understand homes but not the commercial part or the apartment part.Once an investor goes through this cycle they find they get tired of being a hands on landlord.This is when they look at triple net.The barrier to entry with triple net is what makes many start with houses instead.Most minimum pricing starts at 700,000 and goes up from there.Most lenders will not fund a loan under one millionso you are looking at all cash or a larger property with a loan at 95% ltv to 75% ltv depending on what it is.So you really have to have 250k to 300k cash to get started or equity proceeds from selling off something else to roll into it.Even with a house and you put in management you have to watch them to make sure they are doing their job.Any time taken away from your existing business of what you do best reduces your income.Now if you do RE full time and that starts outpacing your existing business then you might look at switching.With triple net typically you can get a 7 to 10 cap on purchase and rent bumps ranging from 1 to 3 percent a year.This is for restaurants.Some other product types such as pharmacies you get no rent bumps in the initial term.A house purchase might not be your best option.If you could explain what you are trying to do more it would really help to get a direction.
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1 August 2019 | 7 replies
I double, triple and quadruple checked, it just wasn't going to work right side up.
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19 March 2017 | 18 replies
Then top this off with your tax savings and such, your ROI is virtually always going to be triple digits.
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28 July 2014 | 8 replies
Otherwise, you can double, triple, etc. until it is paid in full.As fir your property, usually, you can refinance after a year or two seasoning.
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31 May 2018 | 26 replies
However, I "traded in" one of those properties, reinvested in KC, and tripled my cash flow.
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10 March 2016 | 12 replies
That's almost triple the return you will get from running a single family home in an established market.
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2 December 2017 | 14 replies
Very common in multi family units especially on the second and third floors of triple deckers because back in the day it was more expensive to introduce forced air or forced hot water to the upper floors.
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17 December 2017 | 29 replies
Some providers might think I am too busy to make triple sure all is being watched, but trust me, I am not shy when it comes to my investments and money.