22 January 2020 | 0 replies
What does this group recommend for a single tenant CRE (occupied since 1983 - not sure if by same medical facility/need to confirm )- that is a medical facility 2 years left on the lease. numbers look good, but I want to get thoughts on if a single tenant CRE is riskier than going for a strip mall with multiple tenants
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25 January 2020 | 13 replies
So, that tells me there may be something wrong with the properties in that the seller is trying to open the pool of buyers up to folks that would otherwise not qualify under traditional lending standards as well as opening it up to the possibility of financing where it may not be otherwise eligible.The high price tells me they may not know what they are doing or they are trying to really take advantage of folks that would not qualify for traditional lending.
23 January 2020 | 5 replies
You also have to consider your audience - what are the demographics of the area and what can you offer in addition to self storage in your facility to drive NOI?
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4 February 2020 | 17 replies
With that said, is there any "gold standard" for STNL?
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30 January 2020 | 24 replies
Marcus and I have not touched base in a while (we should do that), and I'm not going to pretend like I know everything about him, but I know he does more than just serving as an agent and is always expanding his own business so, maybe he could be of some help to you.I like many things about Marcus, and not only that he's a pretty snappy dresser (for Wisconsin standards anyways - lol).
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23 January 2020 | 4 replies
Then, assuming you have a contractual arrangement with your buyer, just represent him/her as fiduciary and the seller as Customer, in a normal brokerage transaction.The other option is to just put the property under contract, then assign the contract, but again, this needs to be fully discussed in advance with her broker, then fully disclosed to the seller, so they can't come back later and sue you for making "too much" on your transaction fee.I strongly suspect that your sister will be required by her broker to use standard contracts and forms made available by your state's real estate commission.
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28 January 2020 | 8 replies
@Ronald Rohde part of my question was if they can give me a 2 day notice to increase rent or just plain ask me to leave, or rather if there is a standard 30 day.
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24 January 2020 | 7 replies
I've run into a mom & pop storage facility and they are retired in upper 70's (age) and willing to sell, realizing they won't be around forever.
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23 January 2020 | 2 replies
Ask the standard questions: age of the home, size of the home and lot, number of beds, baths, is there a garage (attached or detached), any recent renos (were they inspected or permitted), how much of the space is finished, etc.
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23 January 2020 | 4 replies
The reason is I know which lenders: do a good jobstay on top of the necessary tasksknow how to be creative within the rules (some people don't fit into the standard mold of a buyer, and some lenders don't know how to get them approved, and some lenders know how to get them approved)and which lenders can actually close deals.