19 August 2024 | 6 replies
Hopefully you did not pay too much for the dirt. 1 acre is optimal these days because of desired double to triple drive thru for QSR.It can become a problem because if they make the building smaller you get less rent but they do more sales.Example a QSR used to be 3,000 to 4,000 sq ft but now instead wants double drive thru's as not many go inside for fast food like pre-covid.If you get 1,000 a foot less at 30 a foot you just lost 30k NOI and now at 5 cap example paying all cash NNN once developed you have lost 600k value.It can fine as long as you do not overpay for the land.
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19 August 2024 | 13 replies
I am not a new investor :) but as someone who is working with them on a daily basis I will rank in order the buyers I am noticing:1.
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20 August 2024 | 15 replies
Our average daily rate(ADR) is high for our STRs, and we provide many amenities to cater to a more luxury clientele, but because of that guests have very high expectations when they book.
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20 August 2024 | 21 replies
But as a previous post mentioned if you have some flexibility in your profession (time) and the personality to engage with tenants daily then it is truly possible to run things remotely when you go abroad.
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23 August 2024 | 181 replies
I've been happy with it and using it daily.
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20 August 2024 | 40 replies
Just some food for thought as you're going through the motions :) it is absolutely negotiable, before you close the loan.
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16 August 2024 | 5 replies
Your first job will be to educate yourself daily on the investing strategies you plan to use.
17 August 2024 | 11 replies
You get what you put in. eXp has tremendous training both video and live daily.