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8 March 2024 | 4 replies
Since I used my VA loan, I didn't have to put any money down (Though we did have to pay about 5k in closing costs, but got about 2k back at closing).
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8 March 2024 | 6 replies
The funds you put into your 457B were pretaxed.
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8 March 2024 | 2 replies
(even though buying something else would also put me at the same rate)My understanding is that an owner occupier would pay more for the property than an investor, but i have leases that end in September, which is not the best time to sell.
9 March 2024 | 17 replies
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.
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8 March 2024 | 4 replies
Putting the entire screening criteria in my advertising is not required in my area, but if anyone asks for the criteria, yes that is what I tell them that I'm looking for.
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8 March 2024 | 0 replies
There is a foreign, awkward excitement that is hard to put into words.
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8 March 2024 | 19 replies
Their license/registration is on the hook.I know flippers who get their own liablity and wc insurance and put an umbrella on top of it (remember, you need the basic underlying insurance below the umbrella policy).
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8 March 2024 | 3 replies
The last 2 weeks, after I've logged in, and tried to read articles, it re-directs me back to the home/log-in page......I log in..... it just puts me right back there, (I am logged in, as I see my initials in the upper right corner.)Anyone having the same problem?
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8 March 2024 | 9 replies
Should we put it in our name and have tennant pay us directly for the utilities?