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8 March 2024 | 2 replies
I have never used, but the retail landlord I used to work for uses DashComm to allow their tenants to pay rent and report sales.https://www.phillipsedison.com/neighbors/dashcommAgain, this was not rolled out when I worked there many years ago, but I know a vast majority of their tenants have escalation clauses, NNN's, some properties have utility pass throughs that vary each month, etc.I will also say, for what it is worth, they had a full AR department that would mail out statements every month to every tenant.
9 March 2024 | 6 replies
Wholesaling, when done legitimately, is perfectly fine with many brokers including mine.
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9 March 2024 | 1 reply
One was a "steal" for the price: came with 3 TVs (including an 82") and an 8-camera security system.
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8 March 2024 | 4 replies
Just like medical, e commerce, or real estate brokerage.
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8 March 2024 | 20 replies
Please PM me or send me an email for recommendations and I'll send you photos of some of the work we did together.Thanks!
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7 March 2024 | 82 replies
My repeat guests who book directly with me in e-mail have come a minimum of 3 times and others as much as 8 times now at this property that we've owned since 2019.
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9 March 2024 | 6 replies
I had wrapped my head around residential not around commercial, But to me the deal seems amazing - you guys tell me 8000 sq. ft building7 storefronts on an active downtown street (all rented and currently have tenants)34 unit mini storage in back lot (29 units rented - the rest of the unrented are being used by the current owner)Asking price is $798,000 and owner is ok with seller financingAfter sitting with them today the owner who is 83 said he is ok seller financing and verbally agreed to $715,000 and a 4% interest rate, 30 year note, $100,000 down payment, no early payoff penalty - my lender and real estate agent both came back valuing the property as it sits at $840,000Income = Rentals ($5075) Storage Units ($1935) = $7010speaking with the owner he hasn't raised the rent on either the storefronts or mini storages for almost 10 years - looking at comparables in the area we believe we can raise the rent and storage units easily to push the income up to $10,000 a month 4 of the 7 Tenants have been there 5 years plusCost = Including estimated payment, taxes, insurance ect. would come to a monthly of = $4450that would cashflow $2560 a month at its current with the potential after purchase and rent adjustments cashflow $5460 a monthPending an inspection the property looks in good shape with little to none improvements needed at this timeA quick background I have had rentals before on the farm we own, three houses we rented out so I have some experience) My QuestionsIs this a good deal???
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11 March 2024 | 39 replies
Hi, mate, do you know whats included in that money?
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9 March 2024 | 9 replies
Even if you don't plan to sell, you'll always want to be analyzing all potential exit strategies (including selling).
9 March 2024 | 10 replies
This includes 1 off-street parking spot - which is very desirable in South Beach) HOA is $802 and taxes (with no exemptions) are $3192.