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Started By
Message
Saban Doing Deals in BR
Posted on 10/7/19 at 3:10 pm
Posted on 10/7/19 at 3:10 pm
19
Posted on 10/7/19 at 3:10 pm to LSUrme
Posted on 10/7/19 at 3:12 pm to LSUrme
Posted on 10/7/19 at 3:14 pm to LSUrme
quote:
Kenilworth Manor is a 32-unit complex, where two-bedroom, two-bath units rent for $850.
Wut?
My one bedroom/one bath was $850/month 15 years ago.
Posted on 10/7/19 at 3:15 pm to LSUrme
14 years to double his investment (before talking income from rent then expenses to renovate and maintain). That’s a 5.1% return. Very conservative investment
Posted on 10/7/19 at 3:15 pm to LSUrme
frick saban
Posted on 10/7/19 at 3:18 pm to Deep Purple Haze
+1
Posted on 10/7/19 at 3:18 pm to rowbear1922
I would guess whatever plan he had or saw for them never developed
or he just wanted something for his wife to do
or he just wanted something for his wife to do
This post was edited on 10/7/19 at 3:19 pm
Posted on 10/7/19 at 3:22 pm to LSUrme
Most coaches get involved with other things to try and supplement their income.
Keep in mind, Saban was a bargain when he was at LSU compared to his salary now.
He hooked up with Spinosa for some real estate investments as well.
Bertman owned apartments as well. Compared to what baseball coaches made in Bertman's day to now, Bertman was a bargain. AD role allowed him to get the higher salary for his retirement.
DiNardo partnered with the DeAngelo's owner and was in the restaurant business.
I seem to remember Hallman was a used car salesman. LOL
Keep in mind, Saban was a bargain when he was at LSU compared to his salary now.
He hooked up with Spinosa for some real estate investments as well.
Bertman owned apartments as well. Compared to what baseball coaches made in Bertman's day to now, Bertman was a bargain. AD role allowed him to get the higher salary for his retirement.
DiNardo partnered with the DeAngelo's owner and was in the restaurant business.
I seem to remember Hallman was a used car salesman. LOL
Posted on 10/7/19 at 3:26 pm to colorchangintiger
quote:
My one bedroom/one bath was $850/month 15 years ago.
About the same time I rented a 2/2 in this exact complex for 450.
I think you have the wrong place.
Posted on 10/7/19 at 3:28 pm to nicholastiger
quote:
Keep in mind, Saban was a bargain when he was at LSU compared to his salary now.
Wasn't he the highest paid HC? I know salaries have skyrocketed since but he was not under paid at the time
Posted on 10/7/19 at 3:31 pm to LSUrme
quote:
Terry Saban personally oversaw renovations of the complex and remained in touch with longtime tenants, even after she moved to Tuscaloosa.
“Where’s my motherfricking rent check, bitch?”
-Terry Saban
Posted on 10/7/19 at 3:31 pm to rowbear1922
quote:
14 years to double his investment (before talking income from rent then expenses to renovate and maintain). That’s a 5.1% return. Very conservative investment
At 2.6 million, I would guess that the apartment complex probably generated somewhere in the range of a $156,000 profit annually (applying a 6% cap rate to the sales price) and including a reserves account for necessary renovations in addition to regular R&M.
Clearly that has gone up over the past 14 years, but you can't separate the annual income generated when looking at those type of return figures.
All that said, apartments buildings, particularly in / around college towns, are viewed as very conservative and safe investments.
This post was edited on 10/7/19 at 3:33 pm
Posted on 10/7/19 at 3:33 pm to LSUrme
Cashingn out to take the Redskins job.
Posted on 10/7/19 at 3:37 pm to LSUrme
Hmmmmm.....I wonder where he is going to meet up with Candy now?
Posted on 10/7/19 at 3:43 pm to LSUrme
Why was that place not constantly Teepeed and vandalized!
Sounds like he doesn't want to be part of St. George.
Sounds like he doesn't want to be part of St. George.
Posted on 10/7/19 at 3:46 pm to LSUrme
Section 8 slumlord. Needs to be investigated.
Posted on 10/7/19 at 3:49 pm to MMauler
He can use Les’s smash pad.
Posted on 10/7/19 at 3:49 pm to LSUrme
Heard he has an offer in on El Cid.
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