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4 January 2008 | 12 replies
All things are relative with regards to any lease that is the so called "net" format vs those that are "gross" or "modified gross".The term net lease has been chopped up over the years to include "net - N", "double net - NN", or "triple net - NNN".N - generally refers to the actual property operational maintenance costs.NN - generally refers to the property maintenance and limited other costs, i.e. adding in insurance or RE taxes or some other limited set of items.NNN - generally refers to all associated property operational costs.For clarification a "net lease" means that the tenant is fully responsible for some or all of the property's operational items; On the other end of the spectrum is the "gross lease" which means that the owner is fully responsible for the operational items; "a modified gross lease" is a combination of the two and usually includes an expense stop for the tenant.Expense stop means the owner is responsible for all costs up to that point, i.e $3.75 per sf per year, and the tenant is responsible for the pro rata difference over that amount.
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31 May 2008 | 33 replies
I used to live with my sister's apartment without knowing that the real landlord of that house she rented was dead...sometimes we hear of a child laughing at 12 midnight,we haven't any baby or child in the house and we even experienced that there is someone's watching us....our apartment has 4 bedroom, with basement.
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7 January 2008 | 4 replies
But, you can always give it a shot.The second approach is to double close.
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4 January 2008 | 7 replies
I have a quick question I'm hoping some of the seasoned investors on here can help me with.There is a 2 bedroom condo I saw in my area that is up for sale.
11 January 2008 | 12 replies
He was actually using a local lender trying to get these people approved for an FHA or Fannie Mae loan, then going to sell it to them for a higher price, have a double closing with us, and pay us what we were asking.
2 January 2008 | 5 replies
So, you'll have to do a double close.
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5 January 2008 | 5 replies
The vinyl goes down with a little bit of double sided tape to steady it.
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17 April 2008 | 41 replies
I would never leave my wife to advance my career.There are a lot of investment techniques (double-closing, assignment of contract, bird-dogging, etc.) that allow you to get into investment without putting your money and credit at chance.
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7 January 2008 | 5 replies
I currently live in a 3 bedroom maintenance free townhome.
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9 January 2008 | 16 replies
We've added the ability to add references so you can see if that contractor has people who recommend them and their work.I think our Mini Tutorial of the site might be helpful for you guys:http://www.biggerpockets.com/sitetour/tour-features.htmlHave a look and let me know if this clarifies anything for you.