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.

We realize this will be a change for you.

It's a great time to be in development, not necessarily AirBnB in CA due to the ever-increasing restrictions and fire hazard severity zones - but that's still something great to have experience with.

Investing isn’t just about what you know – it’s about who you know – and Pro helps you build connections faster than ever!

I HIGHLY doubt there will ever be law a forces any Landlord to accept a pet owner over a non-pet owner.

Yet, as interest rates rose, institutional capital took a breather, which allowed private buyers to gain market share in 2023.Pricing trends have also experienced discernible changes.

I am very open to ideas and thoughts changing and not stuck on one particular area or strategy till I learn quite a bit more.  

Also at 70% ltv you can be no ratio or at 1.25 and the pricing changes .

I'm open to changing the listing, updating our pricing, adding amenities, or anything else that would lead to more spring and fall bookings.We allow pets, so that's been a big draw for this house. 

This can definitely change from one market to the next.