@AnonRetailRE What is the language in the PSA? It should clearly define what is and isn’t “clean”. If it’s vague buyer may have an argument but If buyer is intent on closing (and not just looking for an out) they should have seller repair issues or hold escrow at closing for the cost.
@realEstateTrent True except the next buyer will value a net lease over a gross lease even if it’s just in perception and not actually more $$$ to bottom line so there is value in this strategy beyond a quantifiable increase in NOI
@Benjamin_Pile@tommywarboys @TeamHerrold If email has “unsubscribe” in text it goes to filter but anything with “re:” or “fw:” in subject line filters to main inbox. Once in a while need to tweak both ways but about 98% effective.
@realEstateTrent This is Brokerage 101 and of course most agents miss that class while trying to jump to the end game on the Day 1. This thread should be required reading.
@moseskagan@sweatystartup I know your philosophy about long term ownership, but there is always a number, no matter how much u don’t wana sell. Someone offers u $10m for a $1m bldg u r a seller. So do u have that # in your mind for each property or is it just you’ll know it when u see it?
@moseskagan @buhgallant @sweatystartup@laughridge True & it doesnt matter in an up market but if rents tick down or expenses up in those 5-7, the reduced loan balance could be the diff in a full takeout or not. Also if NOI & caps remain constant, closing costs on a refi in expensive market can make the diff btwn new and old loan
@moseskagan unless u started as HNW, after signing as guarantor on first x deals, ure NW/liquidity will start to become an issue for banks on doing more and/or bigger deals. How did u get around this, did u have co-guarantor or is this why u switched to fund structure vs deal by deal
@moseskagan Since u don’t sell, and only monetize from fcf distributions and refis, how did u have enough of your own money to invest in your early deals, it would seem that eventually you would run out especially if u have an x% requirement to invest as GP
@moseskagan What software u used in the early days (first x deals) vs the software u r using now to covering accounting, investor management, property management
@moseskagan@jayvasdigital@moseskagan as a long term holder, assuming u can do either, are you always max cashing out at refi or are u taking new debt at the reduced loan balance (reduced from amortization) to get lower rate/more term. This way u keep delivering w/o needing asset appreciation?
@MLBRandomStats if the season is cancelled early, will player stats count in their career total? Or Is there a minimum games that need to be played in the season for them to count?