Sharing my 20+ years with investing in commercial real estate and other passive businesses. If you don’t believe in passive income then we can’t be friends ;)
current tenant wants to expand their current space of the building by taking over the former drive thru lane of a bank. they are a vet clinic that needs room to operate. They will pay for build out, but should i charge more for rent?
what happens when your NNN asset shrinks in value. High paying tenant moves out and mom and pop tenant moves in at a lower rent because that’s what the market dictates.
Hold on? Sell? wait till mortgage rates fall again to 3%?
@CoachSmitty317 the extension time has already past. I like the idea of all interest. Another suggestion was to have another property with significant cash flow be a cosigner
when the loan is due, but the tenant just left. What do bankers typically do while you’re trying to lease out the space?
whatever new tenant we do get will only pay 75% of the current rent because of the market conditions.