Originally Posted by triplenet
Hey!!! I have not contacted you yet on my commercial lease, because i do not want to waste your time until I'm sure I'm leaving the building I'm in...
Negotiating with current landlord (management company actually) right now, and I do not know yet what's gonna happen. Anyway... You are my first choice if our negotiations go south...
Changing the subject... Where specifically are they looking?
Anywhere in SouthFl (I assume South Broward and Miami) where the best deals to buy and then lease are. what kinda price range?
I understand they are looking for small units, 1 or 2 bedrooms apartments/condo to make it easier to lease out all year around.
I'm not completely sure but probably something between 50 to 80 to start.
There's one of investors in the pool that is willing to be the guinea pig and make the first move so thats where I'm guessing the 50 to 80k, but it is something that it could be discussed.
I also understand that the preference is for fewer amenities (to keep maintenance dues low) rather than have a high monthly maintenance to keep a club house, security guard, golf course, etc... and that type of amenities that cost money to the owners. how are they closing (cash or debt)?
It is my understanding that loans to foreigns are a fairy tale... but I may be wrong... Ol'e hard cash (obviously wired through banking institution
nothing shady or anything like that) would be the first choice.
I understand that their chances of getting better deals would increase when the seller does not have to deal with a lender denying the loan at the last moment. and who is going to lease?
I'm certain that leasing being handled by the same realtor that help with the buy will be preferred. It may seem like an incentive for the guy to find deals that would be quick to lease and get a commission on the sale and also on the lease.
Also to avoid "misunderstandings" on one realtor guesstimating $2000.00 per month lease possibilities for a particular unit and end up with a different realtor that could claim that the most it can be leased is for $800.00.
If it's the same guy it would be harder promise something that it will not be possible. Or at least thats their logic. and manage the units?
good question.... options, advice and suggestions will be welcomed.
What do you think? if it's easier for you to talk about it over the phone rather than typing mile long posts, I can call you at a time that is good for you.
Thanks in advance!!!!