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All Forum Posts by: Paul Scavello

Paul Scavello has started 5 posts and replied 12 times.

Hi All,

I bought 5.5 acres of Vacant land zoned G3 General commercial a few years ago. My plans are already approved for building and recently came across that the Lift station from the local Utility company that sits on my site wasn’t on my title report or Survey as an easement or Exception. I called legal counsel and they bill at $395 an hour I’m wondering if it’s worth proceeding with legal counsel. Hoping for some advice and if anyone has been through this before.

Post: Investment ideas needed

Paul ScavelloPosted
  • Posts 13
  • Votes 2
Quote from @John McKee:

NNN Baby! Complete control, no headaches, amazing tax benefits, and your heirs get a step up in basis.


Yes, NNN is great. I own some but better than that is finding the Vacant land that meets the selected perimeters of most National tenants and lease the land to them or build to suit.It eliminated the 5-6% cap rates that you get on most NNN. It gave me a whole new outlook of the possible of vacant land whether its commercial or residential

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