No McDonalds or Burger King.And that's about it.

For starters, I will say that the 1% rule really shouldn't be a rule... 

Often Imitated, Never Duplicated join us at MAREI.First meeting is FREE, just register for you guest pass, let me know that I invited you or Alex.And you can quite often find a group connecting in the bar after from 9 to 11, they have massive burgers, you have to check them out too!.

So for example if the population is seven thousand and all they have is a burger/taco place, a mom and pop steakhouse and maybe a chain hotel, it may be hard to find a buyer. 

Very hard"rental property investing" is a good BP book My favorite rule of thumb when I'm glancing at things is the 1% rule. Rent

Ok in exchange for a burger anytime you're in suburban Philly: 6000+sqft.  

They will often want a new building constructed and building today with labor and materials is very expensive versus retrofitting existing building.When I buy value add vacant buildings the goal is to double the return on investment within a 3 year period.So if I can use the existing building and retrofit to same concept ( example previous burger inc. but now Whataburger wants to come in ) then not as much tenant improvements to convert.So if rent 20 a foot for 5,000 ft that is 100k NOI NNN a year. 7 cap value is about a 1,400,000 stabilized valueSo if I buy it for 400k and have 300k in it more 700k to get new tenant in the value is then around 1,400,000 based on NNN 20 a foot and a 7 cap rate exit value.If you want a premium price then you would need to sell to an end user tenant ( regional or national in nature) that wants to buy the building and put their concept in there.

Seems like to me that everyone wants something for nothing nowadays and nobody is willing to put in the work or to pay the margin for someone else that is willing to do the work...Folks want to "own a monkey", play with the monkey, but not "carry the monkey" or clean it's S#@% when it does one heheI guess next time I go to McDonalds, I'll ask them for organic burger buns or where I can find them, I'll bring my own meat paddy and potatoes, get them to make a Big Mac meal for me and maybe I throw some change their way hahaHow about those analogies above... lolHave a great weekend guys and much success with your investing 🙏

You don't have McDonalds burger flippers buying 400K houses with no money down....So your rate picture is only one part of it.

You know for years, Burger King didn't spend any money on researching best locations for its franchises.