All Forum Posts by: Chris Miller
Chris Miller has started 2 posts and replied 48 times.
Post: Compensating your realtor
- Residential Real Estate Broker
- Moses Lake, WA
- Posts 49
- Votes 22
3% and a bonus of good wine/champagne works.
Post: Moses Lake fourplex (1 of 3)
- Residential Real Estate Broker
- Moses Lake, WA
- Posts 49
- Votes 22
Congrats! Now I am mad I didn't offer on this!
Post: Columbia Basin Real Estate Investors Association
- Residential Real Estate Broker
- Moses Lake, WA
- Posts 49
- Votes 22
There are a few of us around not many things organized for meeting. There is quite a bit of activity in the Tri-cities for scheduled events.
Post: Walla Walla Real Estate Networking and Learning Meetup
- Residential Real Estate Broker
- Moses Lake, WA
- Posts 49
- Votes 22
Originally posted by @Scott Lang:
What is the date? I am a wholesaler from Moses Lake.
May 5th
Post: Multi family investments in Moses Lake WA
- Residential Real Estate Broker
- Moses Lake, WA
- Posts 49
- Votes 22
Originally posted by @Nick Salmon:
Yeah that is an area known as the base. those are all formally military housing in there from when the airport used to be in Air Force Base. The rents in that area are the lowest in the Moses Lake area and I don't think you would actually be able to turn a profit with that purchase price. That is actually more expensive then in the higher rents locations.
Post: Multi family investments in Moses Lake WA
- Residential Real Estate Broker
- Moses Lake, WA
- Posts 49
- Votes 22
Which ones are they at Moses Lake? I know only one that is listed that could bring ok returns.
Post: Hi I’m Jack from the Columbia basin in Washington state.
- Residential Real Estate Broker
- Moses Lake, WA
- Posts 49
- Votes 22
Welcome. I am currently living in Moses Lake. The multi-family market has been overheated for awhile. Right now the best route would be purchasing land and building your own units.
Post: First rental property.
- Residential Real Estate Broker
- Moses Lake, WA
- Posts 49
- Votes 22
Yeah you can send a DM.
Post: First rental property.
- Residential Real Estate Broker
- Moses Lake, WA
- Posts 49
- Votes 22
Welcome!
How long ago did you purchase the property? Really having a hard time finding good homes under $175,000 now.
Post: Have a commercial listing that is going nowhere
- Residential Real Estate Broker
- Moses Lake, WA
- Posts 49
- Votes 22
Originally posted by @Brian Serina:
Hi Chris, most likely you are looking at two different buyers: one for the business and one for the r/e. Split the two when trying to sell a business with property. Doing this now for a Mexican restaurant I am listing and we are positioning the property to make it attractive for an investor (ten year nnn lease with 3% annual bumps). Chances are you won’t find any buyers for the business on Loopnet, plus...in my opinion, they had their day in the sun and fewer people are using them. Use BizBen and BizBuySell to advertise the business for sale and have a new lease for a buyer already worked out with the sellers. On the restaurant I am doing, the owner will either sell both together or just the restaurant first and r/e after, but won’t become a tenant.
Thank you for that strategy I actually have one client with a salon that would only like to lease but stuck on terms for the building and wants to build out their own space. I'll have to try those websites.