All Forum Posts by: Alain Perez-Majul

@Daniel Ryu

Likewise, Daniel! Whenever you get a chance to stop by our neck of the woods, let us know :)

Yeah, I second @Sterling White, this is super cool. I too met @Matthew Schroeder not too long ago at a local Meetup here in Indy (actually, Matt, you missed the last one :P); really awesome guy. Unfortunately, Sterling is correct about the current weather situation. For my Indy folk,

Looking for interested buyers of a gas station in quickly growing Plainfield, IN!! (Right outside Indianapolis)

The gas station sits on E. Main Street, the primary street that runs through Plainfield. It is owned by an absentee out-of-state owner who is in the hotel business and no longer wants to be involved with the gas station.

Details:

-DOES NOT HAVE A CONTRACT!! (Currently buys its gas from G&G Oil, but it's open)

-Brings in around $1.2 million a year

-Fiberglass tanks installed in 2001, 15,000 and 6,000 gallons

-2,800 sq/ft building, solid brick construction

-2,200 sq/ft makes up the grocery side, and there is an additional 600 sq/ft of vacant space available for rent or expansion of the gas station (entrance from both inside and outside).

- Well equipped kitchen currently not being put to use!

-8-10 parking spots available

Click below for the Dropbox link with pictures of the property:

https://www.dropbox.com/sh/40vciy32c141jxg/AAC-Gy6...

The seller is VERY motivated, and is also willing to take seller financing for a couple of years. If you're interested, or may know of someone who is interested, please let me know!

Thanks guys!!

Cheers

Yes, two solid ways are www.rentometer.com or Zillow rentals. You can compare the two and usually get a pretty good ball park figure.

Like you did, you could always ask the neighbors, OR call up a couple property management companies or leasing agents in the area and ask what duplexes are being leased/rented out for.

@Account Closed

I hear you Steve, and I second that thought :)

Yeah, that's one thing I thought about. Well, more accurately, 11k minus the 8 month payments at 300 a month.

Thanks for the advice, @Brian Gibbons!

Hi @Account Closed! Thanks for the reply.

Tenant is purchasing it at around 16k, and I'm looking at 11k. 

Yeah, essentially that's my understanding of the situation, at least to the extent it's been explained to me. And I agree, leery is exactly what I'm being; I don't get a good feeling from all of it, but figured I'd get some second opinions.

Thanks for the $0.02, @Mike D'Arrigo!

Hey guys, wanted some second thoughts on this.

My direct mail produced a call from a woman wanting to sell an absentee property of hers. She's got it tenanted, and the guys who is living there is interested in buying it, according to what she first said. After further prying on my part, she said that he's been paying $300 more a month since January because his intentions are to buy it (and she's been accepting said payments because she's in the process of selling it to him, technically).

However, she contacted me because she wants the money now (as opposed to in the next 2 years or however long), and said that I could purchase it since they "have no written contract."

I feel uncomfortable doing that to the tenant who is under the impression he'll be buying the property, even if the extra monthly payments that he's made are returned to him by the owner. 

But more importantly, does anyone know if the fact that he's already been making extra payments for over half a year, regardless of written contract or not, give him interest in the property? Does a verbal agreement and subsequent payments make it binding? Not looking for legal advise, nor would I take anything posted as such, but was curious as to what people thought. Perhaps you've run into something similar before, or have heard of someone who has.

*For keywords: Indianapolis, Indy, Indiana*