yellowhammer2098

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Generally you cannot terminate. Most commercial leases are going to have language prohibiting a unilateral termination by a new owner.

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This is correct.

I would bring up two things - one, you can always do a "cash for keys" situation. This is much more common in apartments, but basically you offer the tenant some amount of money to walk away from the property. During a sale, you may be able to negotiate it into the purchase price, so basically you increase the purchase price by $50,000 and the owner pays that money to the tenant to walk away at the close of sale. Property appraises for your purchase price and basically you've rolled that additional cost into your financing.

Two, I would just reach out to whoever has the property listed. It is possible that an in-place tenant is actually month-to-month where you would have the ability to terminate the lease. Also, it is going to take you some period of time to close on the property, so if their lease has 6 months remaining, there may end up only being a month or two after you actually acquire the property that the tenant is still there.

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Look into Forge

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Going to depend on where you are located/looking to be. Forge is a good option in CBD. Worx Bhm has some sites out in more suburban areas (Vestavia and off Lakeshore). Thrive has coworking space in the Parkside district by Regions Field and there is "The Hub" in West Homewood. Don't have any personal experience with any of them, but I think those are basically the "options", unless you want to go with a larger company like Regus, which has locations throughout Birmingham (Shipt Tower, 1st Ave N, Southbridge Centre, Perimeter Park, Chase Corporate, and 2700 Corporate Drive - basically sorted from closest/in CBD to further out suburbs).

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Afterv30 days the stock can be bought on margin.

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I think it is actually slightly different than this. It means you can borrow against it's value (the shares you are purchasing) after 30 days.

As an example, if your account margin capabilities allow you to borrow 50% of your portfolio value and you have $90,000 in stocks "journaled to margin" and you bought a new $10,000 in shares today. You can borrow $45,000 on margin today and that will increase to $50,000 in 30 days when the new $10,000 are "journaled to margin".

Coming up on a year since I had to put down the dog I got shortly after graduating college. With me through multiple moves/states, marriage, and lots of growth. It is hard, but you know better than anyone when it is time. I got to spend a week with her after I knew it was time (she wasn't suffering) and I feel so lucky that I got that time with her. Even nine months later, I still get the feels about losing her (particularly when reading posts like this). I keep her ashes by the desk in my home office and will bury her when we get into a more permanent home.

Thoughts are with you and I'll give my other dog a couple extra belly rubs in memory of your friend.

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I guess reciprocal tariffs is completely out the window now. Maybe Trump will clarify and back Navarro down

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Yep this isn't about tariffs being charged by other countries, it is about the idiotic idea that we should have a trade surplus with every country in the world. Trump seems dead set on this, so I wouldn't hold your breath waiting for him to "clarify" and say anything differently.

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“G D rent houses are killing me”,”I work harder in retirement than I ever did before I retired””I don’t know what I was thinking,that rental properties was a good retirement plan”.

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As Nole Man notes in his post, having a property manager/management company does not fix everything, but I'll never understand why "retired" individuals want to do their own property management. I'm nowhere near retirement and some of the things my property managers have dealt with (specifically a tenant suicide) make them worth every penny I've ever paid them, beyond the typical dealing with problem tenants, evictions, etc. This is really contingent on having *good* property management.

In your friend's scenario, let's say he has a $2,000,000 portfolio that is rented for $240,000 a year (1% rule). I have no clue what the "net" number would be in this scenario but let's just say that with property management at 10% he is "netting" $120,000 (50%) after paying his property manager $24,000 a year. So he can either make $144,000 a year and deal with managing 18 houses on his own or $120,000 a year and deal with much less day-to-day management? I know which one of those I'm picking, especially if I'm "retired" but that is why I exclusively have properties managed by third parties.

From the CRE side of things, Dollar General rents for new stores are up 40%-50% from a few years ago (anecdotal.. not based on any "big data") and they have had to modify their lease structures to include rent increases versus the flat 15 year leases that were typical 2022 and earlier. The increased cost of growth has a big part in the stock being down IMO.

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The coffee is some of the best I have ever had and I live in Colombia.

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IIRC correctly you're from Huntsville. They're opening a few locations in the metro in the near future. Definitely seem to be growing a lot and have a bit of a 'cult' following it seems like - similar to Whataburger.

Loves/Arbys at exit 29 on I-59 in polarville MS. Always my go to stop driving from Birmingham to NOLA

Cam Newton ATPB originally. Made a new account later on that didn't include my actual name.