All Forum Posts by: Mick Harvey

So common thought is to put in lease and charge interest. What kind of percent is reasonable or acceptable? I'll talk to CPA as well to see tax benefits. Good call

The lease is up as well; therefore wants it part of new lease

Yeah, on your page there. Greedy and I'll lose them. They have a reputation and won't mess that up by not paying But not charge any interest on that money? Not sure I want to do that

Tenant is John Deere. They don't need the loan. Assuming they are just negotiating. So I need to at some level, play their game. So not sure that would work, they want it part of the lease. Assuming to keep book keeping simple......

Have a great national tenant. Pays bills on time and takes care of commercial building. They spoke with AT&T and will cost $50k to run service to building. They are willing to pay it but wants added to rent. If we front the 50k and spread out over 3 yr lease, is it right/fair to charge an interest on top of that? Thanks for all replies

Do you want a job? Pain in the tail job?

@Christian Dowell Living and investing in east coast and now living in Napa and searching for the multi's; I find it very hard to invest here. Appreciation will be there but at what cost. Since I have moved here 2 years ago, I am living by the motto I once heard "live where you want, invest where it makes sense" I live in Bay Area and incest in WI Formula really works for me so far

With out a doubt, met my partner at the last one. Thanks J. Im local to you, so let me know what i can do to help. Id like to see more crowd funding and multi people in the panel.

@J. Martinundefined

There is always an easier way but of course cost money. If want cheap, then need the muscle and time. Besides a contractor they do make machine, floor stripper, that vibrate and will rip it up. It's possible it may ruin floor below but if go easy you can remove first layer and do rest by hand. Can see if local rental shop has one, United, etc... Not fun but better than mm at a time Wear the dust mask Have fun

I agree with Jacob. If you buy a liability now, that's all it will be and will never have cash for that investment. I rent for my family of 4 and invest all extra cash that I would be dumping into my SF money pit. Living in NorCal really makes no sense to buy a liability and hope one day will surpass my investments. Goes against tradition but so does retiring early. Buying for both purpose is ideal, just have to make it work. Buy, fix up, move to next one. Wish I did that BK (Before Kids)