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Joined: Thu January 24, 2013 4:32 am Posts: 20851 Location: Surrounded by Wokes. Please send help.
I’m planning to purchase some sort of investment property this year. I had originally been thinking residential in a red state.
Talked to a buddy yesterday who owns some commercial buildings. His tenants are restaurants and medical clinics. “People are gonna eat and people are gonna get diabetes.”
Joined: Thu January 24, 2013 4:32 am Posts: 20851 Location: Surrounded by Wokes. Please send help.
One of the potential arguments here is that with interest rates rising I will have less competition.
There are also places where people simply need to live, such as near state universities, state capitols, military bases, etc. Those institutions ain’t going anywhere.
Joined: Tue September 24, 2013 5:56 pm Posts: 47034 Location: In the oatmeal aisle wearing a Shellac shirt
No doubt they need to live somewhere. But what’s the turnover rate? What’s the opportunity cost of your management drain when three commercial tenants break their leases in five years and you’ve got a vacant storefront for several months?
Will you flip the thing for a profit down the line? Probably.
Will you generate some passive income? Yeah.
Are there easier ways to grow your wealth in a recession? Most definitely.
Just my $.02, but you do you and I wish you all the success in the world.
Joined: Thu January 24, 2013 4:32 am Posts: 20851 Location: Surrounded by Wokes. Please send help.
I am not well versed in commercial leases but I’m pretty certain - at least on paper - tenant still owes a lot of $ if they just up and leave (break lease).
I won’t be looking for a home run or try to outsmart the market. I want to hit singles and doubles over the long term.
Joined: Tue September 24, 2013 5:56 pm Posts: 47034 Location: In the oatmeal aisle wearing a Shellac shirt
Bammer wrote:
I am not well versed in commercial leases but I’m pretty certain - at least on paper - tenant still owes a lot of $ if they just up and leave (break lease).
I won’t be looking for a home run or try to outsmart the market. I want to hit singles and doubles over the long term.
There are VC/PE groups that can do this for you very easily during a recession
Joined: Wed January 02, 2013 11:15 pm Posts: 20771 Location: the bathroom
bammer is the landlord who would drastically raise the rents on the local beloved record store tenant, running them to the edge of town after 25 years of being a staple in the community
Joined: Wed January 02, 2013 11:15 pm Posts: 20771 Location: the bathroom
tragabigzanda wrote:
No doubt they need to live somewhere. But what’s the turnover rate? What’s the opportunity cost of your management drain when three commercial tenants break their leases in five years and you’ve got a vacant storefront for several months?
Will you flip the thing for a profit down the line? Probably.
Will you generate some passive income? Yeah.
Are there easier ways to grow your wealth in a recession? Most definitely.
Just my $.02, but you do you and I wish you all the success in the world.
Joined: Tue September 24, 2013 5:56 pm Posts: 47034 Location: In the oatmeal aisle wearing a Shellac shirt
bodysnatcher wrote:
tragabigzanda wrote:
No doubt they need to live somewhere. But what’s the turnover rate? What’s the opportunity cost of your management drain when three commercial tenants break their leases in five years and you’ve got a vacant storefront for several months?
Will you flip the thing for a profit down the line? Probably.
Will you generate some passive income? Yeah.
Are there easier ways to grow your wealth in a recession? Most definitely.
Just my $.02, but you do you and I wish you all the success in the world.
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