All Forum Posts by: Dan Nad

Originally posted by @Kelly M.:

Where did this data come from and what time frame is it reporting on?  Baltimore city and county home prices are still increasing, maybe not as much as some places in the country but the lack on inventory and the amount of motivated buyers is definitely driving prices up. 

Here

https://twitter.com/HousingRal...

According to this, Baltimore is getting the worst of Covid among big US cities. Is this what people are seeing? What areas are softest?

What about the VA suburbs? Any good neighborhoods to target there for roommate househacking?

Thanks to everybody for responding. One more question: if a Canadian company has US subsidiary (Delaware company) with retail leases, if that sub defaults on the leases, can the retailers go after the Canadian parent? And if the Canadian retailer sells via ecommerce in the US, are the US ecommerce revenues considered part of the US sub? 

I just came across this

https://sweatystartup.com/179-...

Thanks for the response. That seems really high. Should expenses and taxes be subtracted from the NPV? And wouldn't landlords welcome a cancellation fee versus simple non-payment, which is often the case now with retail tenants? The reason I ask is that I'm looking at a stock with a profitable online business and disastrous B&M business.

How much would it cost a retailer to cancel $100M of lease obligations with a length of 0-5 years? These leases are usually about 1000 sqft in malls and some on streets. I've tried to look at public companies but typically the lease cancellation expense isn't broken out separately. Is it done as a fee or a percentage of remaining lease? 

DC isn't a great market for MF because there aren't many MF. As a result the prices are nuts. 

Originally posted by @Joe Villeneuve:

If you don't mind, I'll thank you now.  In these trying times, we all need a good laugh.

Thanks Joe. It's a joke but it's also serious. I see some negative cash flow deals on these forums and I think man, you could ruin your life doing that deal. Maybe just let the market adjust to the new reality first before you take on all that debt.

I haven't posted on these forums in five years but I have something to say: The end of the world is coming. We are looking at a recession like something we've never seen before. Millions being laid off every day. And yet I see people on these forums buying real estate. Just don't do it. Step back, keep your money in your pocket, and watch and wait. There will be better opportunities. Don't take on debt right now. If you have to buy real estate, buy Vornado at a 10% cap rate. At least wait and see how many people pay their April rent. Wait for prices to adjust. You will thank me later.