Reluctantly sold this one at a 4.5 cap in 2022. Now I’m dreaming about buying it back at a 6.5
The market changed fast last year and had we waited just a few weeks this deal would not have happened. We were lucky on the timing of this deal! 🍀
New to caps and #CRE ? Hit me up!
Our appraisal came in low. Gulp…lender isn’t going to like this.
Thankfully we had built a solid relationship with the seller, and he has now agreed to finance a significant portion of the deal at a much lower rate.
Gotta love this game!
We are in DD on this complex. Really excited about moving into the multi-tenant retail space! Should have this stabilized around an 8. #longterm#realestateinvesting#cre
Attended my first BPcon this year. What a great experience! I’ve been in the game awhile, but these guys have definitely made an impact along the way! Most exciting part of the trip was meeting Heather Turner. Pretty cool meeting @BeardyBrandon too.
#bpcon2022#biggerpockets
@realEstateTrent We sold a Walgreens last month at a 4.75. No rent bumps and a probable rent reduction request at the end of the lease. I’ll sell to these guys ALL DAY LONG!
Finally got eyes on this one this morning. Closing EOM. This was my first time in Fort Worth. Such a nice area with a lot going on! 🏗
#cashflow#cre#retwit
My 7th grader just came home and said they are reading #richdadpoordad in her entrepreneurship class! How cool is that?!
She also was excited because she has already read Rich Dad Poor Dad for Teens and felt she was ahead of the curve 😎
#proudparent@theRealKiyosaki
@IndexandETFs In general you are correct, but I know many families that are using Joint survivor universal life to pass along significant wealth. Check it out.