All Forum Posts by: Julien Plouffe

@Greg C. Do you know if they’re still doing this?

@David Goler

Impeccable timing! Sorry to hear that, as long as you’ve got cash reserves. Should be fine. Keep me posted on what the lender says

@David Goler

Have you reached out to them asking for flexibility on payments?

Even traditional financing is getting tougher as lenders want to make sure the borrower's still have jobs. 

Who is your loan with @David Goler

What about forbearance on commercial loans? I have a loan with PNC Midlands. Does anybody have loan forbearance on their commercial loans if the tenants aren't paying? This is a commercial lease with 14 years left on the lease so I want to work things out but don't want to keep paying the 28K monthly payment without income. 

Originally posted by @Brant Garner:

While I don’t personally own DG, I have helped investors analyze these properties. Sounds like this one is in a dense commercial area? Start by determining how much the dirt is worth. Keep in mind, dollar stores are notorious for vacating and moving in a new building across the street or next door. Dollar General would have developers lining up to build them a new store if they wanted another store to replace their current store so land availability and location is key. I say that because you frequently see DG’s in an area where vacant land is readily available nearby. Next there’s the building itself. I’m assuming it’s fairly new if it has 10 years left. Finally, look at the tenant. No problem there. If the first two check out it’s a safe place to park some money.

Solid advice! 

I'm thinking of buying one of these as well in a major city. If there is a long enough lease, why not? 

Yes, I would. Could you break down the numbers a bit more? Purchase price Income Down payment

Hey Dylan, The key is saving most of the money that you earn from your job by keeping your expenses low and using that towards investments. I love champagne and vacations like anyone else, but if you go lean for a little while or a long while, you'll be able build capital to create a portfolio. Any spare time can and should be used to create an additional stream of income, side job, side business etc. Work the weekends and any spare time you have.