All Forum Posts by: Rina Amir

Thank you very much @Joel Owens. Do you go with your client to look at the property? We are using a commercial broker but he doesn't go with client to visit property. What should we look for when visiting the site? I understand that we just want to see with our eyes the inside and outside, traffic, kitchen and equipment. What else?

Thank you all. @Joel Owens what do you mean to be careful what LOi seller uses? Purchase and Sale agreement will go to through attorney of course, but LOI usually doesn't right or should we have attorney review before signing?

When purchasing a NNN restaurant what do you look for during due diligence and visiting location?

I know we'll do Phase 1. We'll get financials from franchise few years back (how many years to ask for? They have been on location many years, it's a lease back). What else? When visiting location what do you look for? 

Also, How important is it to have a detailed LOI? Since seller will most likely counter with their own LOI.

Jon I just PMd you. 

How do you depreciate medical buildings and land? 

@Joel Owens is is still 39 years? It didn't change to 15 years? @Bill Exeter Its a new purchase with a loan. 

Thank you for your answers. 

You need to contact brokers that work in your area. 

I am also working on it so cannot speak from experience, only theory, if there's a park you are interested you need to find in the records who owns it, and contact the owner either by mail or phone. You definitely do not talk to tenants or even park manager.

MHP Store has a list of brokers by states.  

Got best rate at Bank of Texas.