All Forum Posts by: Matt Hines

Hello BP, quick question for you. I'm looking to purchase a free standing building that is currently 25% occupied with 3 possible future build outs. The building is in a relatively small town, but it's right beside the only Walmart in town and has direct access to the main road. I think it would be a great spot for a Dunkin donuts, Jimmy Johns, etc.... Does anyone know how I would go about contacting these national franchises to see if they would be interested in leasing one of the available parcels? I might be totally off the mark here so any advice would be helpful.

Thanks

Matt

do you have anything in Charlottesville?

I have the opportunity to purchase a property (and building) where the sole tenant is a major US bank with an 8.5year lease remaining. The tenant pays 63% of the Taxes, CAM, CAPEX. Does anyone have any experience with this type of purchase, if so, what was your experience.

Thanks

Matt

Ha, yeah I took the warning about disturbing the tenant a little too serious.....That was another lesson I learned in that process.

I have to say, i actually had great experience with auction.com. They told me that because i was actually bidding against "real people" that they would just offer it to the next lowest bidder. no harm, no foul. I have to say i learned a valuable lesson, don't get emotional during actions.. 

Good Morning BP forum. I have a quick question for the group. Yesterday i won my first Auction.com home. It was listed as an "occupied" home (I stayed away as the listed asked) so my research was mostly through zillow, county website, and a drive by of the property for a visual inspection. After winning the auction yesterday, my curiosity got the best of me so I went over to the home to see if, in fact, someone was there. Turns out the occupants are gone, but to my surprise the place is completely trashed, far more so than I budgeted for with my offer. My question to the forum is has anyone had any success in renegotiating the contract price after winning a bid? If they come back with "NO" then i think i'll have to walk from this deal. I've put no money in escrow and they have released my initial funds back to me. I there anyway they can hold me to this deal?

Thanks