I'm obviously having trouble with how to post a reply to someone's response. I apologize for that.

Appreciate the update! If numbers don't make sense don't start on it. question I have tho is, what is he trying to sell you? Did he specifically mention he wants you to buy the shares of his corporation and put a total price together incl the price of the real estate? Just wondering. Thanks...

When 75% or more empty, it still qualifies for 20% down with many lenders, depending on strength and experience of applicant, with the request to the appraiser to show market rents. With a bit of luck you find out from your broker or bank specialist what that market rent has to come in at. If...

As an immigrant myself.......love these stories. You should be really proud of yourselves. Congrats!

You absolutely want to sell the 4 PLEX as fully tenanted as you can. Don't even leave a suite open for viewing. Only when an excepted offer (with condition of viewing written in the offer) you should show. The reason you want to sell it fully tenanted is that when appraisal is done you want the...

Remains to be seen and I would say never to assume things. To assume he will agree 5-10 yrs at 3-8% is a wide spread. I think the best advice we could give is to go talk with the gentleman first. Once you have is answer you can ask some very legit and realistic questions. Let us know how you...

The good thing is that it's a company with some hard assets under its belt, but frankly we don't know enough to really comment or advise on the proposal. Is this management company merely there in order to benefit for lower (personal) taxes? Were the hard assets originally bought under the...

This is a complicated deal. Seems like the properties are assets within the (pm) company, and the owner wanting to sell the company shares to you? His benefit would be, no tax on a share sale. Your benefit would be nothing really unless you buy the props way below market value. As above post...

Retail rates in general are no secret and advertised and available. However what most starting business owners don't know or realize, is that rates are (almost always with certainty) at the highest possible level For example when a powercentre strip mall advertises rates at 32.00 P/sqft NNN...

My first question to you is what you mean with pm/sqft. Are you trying to say per month? if that is the case then know a term that isn't used to rent out retail space. a price per sq ft is an annual price, for instance 5000 sq ft at $100.00 per sq ft cost you $500.000 annually divided per month...

It seems to me that when you offer VTB in order to sell a property, the purchaser would need to qualify for the first mortgage. My question is this, are there still lenders out there that allow this? I find many of the traditional lenders don't like the idea of VTB. I just recently accepted an...

That's the best advice. Think along the line of bread and butter. The rest is gravey. Good luck!

In leasing traditional retail space, it doesn't matter wether there is storage space in the total sq footage, you always pay the same price per sq footage, as well as CAM on the total sq footage. Gross area in this case seems to be calculated based on your proportionate share of the common...

This is so true. When it comes to investing in commercial space, you need to understand what type of renters you are going to attract in the space or building you are investing in, the risk associated with renting to (in this case) small (often start up) business owners. Familiarize yourself...

Think about analysts as part of your soccer coaching staff (sorry Im a soccer nut and rather use that as an example) You are the head coach, they are the assistants and/or support staff. You respect them for the value and support they bring to your team, but you also know you are the one...

When looking at those scorecards my head starts spinning. In general, analyzing potential purchases based on these reports will likely mean you won't purchase at all. It's exactly as said, 90% gut 10 % (Simple) analysis. You either have the business sense and know when and where money can be...

These tenants currently have no legal right to the property as the way I read it you gave them notice and they already agreed to moving out. I assume you followed this up with the proper paperwork but even if it was verbally, the proof is in that they packed up and left. Make sure you keep a...

No I no I would not. Even have a clause in my leases that tenants aren't allowed to do any renovations or construction to any of the rented space. They are also not allowed to use decks as storage (within reason) That doesn't mean you don't want to consider and discuss with them, to keep (I...

Doesn't matter.......makes for good conversation and gives us something to do at 30+ degrees sitting on our back deck sipping ice cold white wine with a shot of liquor in it watching the sun disappear.......