Triple N Leases Investment

[Christian Orellana]

Hi Everyone,

Thinking of doing a 1031 exchange and getting into a Triple N investment. Does anyone have experience with Triple N leases? Pros and Cons. Anyone have really bad experiences?  Do you recommend it? OR Should I buy 4-5 single family homes instead? Would really like to hear from your experience. 

Thanks in advance.

[John M.]

You will have to search my threads to get the details of the good, bad, and the ugly.  In general it's a passive way to own real estate as the tenant takes care of the headaches and cost of repairs in most situations.  PM me for advice, but here are some general guidelines that I live by:

By the location, not the tenant

Read the lease!  There is always an expense somewhere

Diversify your holdings.  Single Tenant, multi tenant, condo, flex space.

Ask yourself this question: is this easy to backfill if the tenant goes Dark?