Rokslide Real Estate Investing Thread

[jtevanMT]

This is retail not office space (ain’t doin any office spaces!). Sold a property earlier this year with a low basis so looking at doing a 1031 so I don’t get killed in taxes. This is the biggest reason for me to look at buying CRE vs investing in stock market REIT.

It’s a great location and current tenant is a franchisee for a large franchisor in this market and rapidly expanding. They do quite well from my understanding and research. The current area around it is continuing to grow and expand so that’s a major positive as well. I own another piece of real estate around the corner and everything seems to point in an upward direction especially since I’m in Florida. I figure in 10 years I will have a steady 8.5%+ rate of return and the property should appreciate nicely. I should see an IRR of at least 12-14% annually in 10 years.

Also, the property is essentially a brand new build as of last year. This seller works with the franchisor to build out properties for new franchisees then sells them.

I already have a specialty REIT investment that is paying 8% dividends and they are continuing to expand so as long as I stick with that for another 2 years I should see an additional ROI on my initial investment plus the monthly dividends.

The biggest positive is the absolute NNN lease and I really like the location. I drive by it multiple times a week and they are always super busy so I can somewhat assume they are doing well.

Sounds like you have done the homework. If you can get the property at a decent price it seems like a good investment. I own both commercial and residential properties for both ROI and income. In the middle of a 1031 exchange now, swapping out an older house for a new townhome to reduce maintenance costs and increase rental income. A few renter issues over the years, but all properties have been a great investment.