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25 May 2012 | 3 replies
Otherwise, why pay triple the cost for hard money?
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14 March 2014 | 6 replies
John,You do not need all of that.What you need is a good commercial broker with a network of good lenders,title,etc.Each one of those types of assets of triple net you mentioned have their own finance structures.For example a pharmacy you can get in with 5% down and non-recourse with a 25 year term and amort.There are no rent bumps in almost all cases until the option period kicks in and it is minimal.Pharmacies are more like an annuity that you will own free and clear after 25 years throwing off good cash flow when it's paid off but being next to zero cash flow during the term..Until then you get depreciation.The lenders will usually go to DSCR of 1.01.With restaurants most are recourse unless investment grade and the lenders want a DSCR of 1.25 to 1.30.With restaurants you typically achieve rent bumps of 1.5 to 2 percent annually but because of DSCR are putting down 20 to 25% of LTV.How much money do you have today so far??
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10 July 2012 | 7 replies
I would say triple net but 100k is too light to purchase.You could save up more however.You really need about 200k to 300k to get going in triple net.
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15 July 2012 | 10 replies
Your rent money will be spent at the casino with the hopes of doubling or tripling it.
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25 June 2014 | 38 replies
Get the kitchen & baths sparkling & you may double or even triple your money in short order.
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18 September 2012 | 1 reply
Awesome Hector.I am sure we would all like to hear your wealth of knowledge.I specialize in triple net and apartment buildings as a commercial broker and investor as well.
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23 October 2012 | 8 replies
In many areas, tenants can collect double or triple damages if you improperly withhold security deposits.
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25 September 2012 | 28 replies
I just received word from Section 8 that the portion of the rent that she pays is almost going to triple for the next lease.
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3 November 2012 | 8 replies
In your post you said he asked about land, and you decided that triple NNN would be better, why?