NNN dilemma: I just closed on a property and assumed the lease. The lease states that the landlord owes 10k in TI once tenant shows receipts. The tenant never made any improvements and the landlord never paid out any money. They never disclosed this status to me. Is it wrong?
@TripleNetInvest Lots of tailwind happening in the golf world, one of them being the rise of TopGolf introducing the sport to the casual spectator. There is definitely risk but the sport has massive upside, especially with the money now being poured into it.
Here's a big, single tenant NNN deal
-Top Golf
-20 yr Ground Lease on 11+ acres
-$30.9 million
-10% increases every 5 yrs
-5.65% cap rate
Love Top Golf but there's way too much risk here
What does everyone else think about this deal?
@sweatystartup@_willcompton The longevity and lack of strain of golf (compared to other sports) actually is one of the only sports that could make it worth it
Worst thing that could happen to a man is getting a taste of professional sports by 23.
You’ll end up chasing that stuff till 30 and waste all that time.
Get a job and ditch the games.
I bet a friend $10k that Charlie woods WOULD NOT be top 100 in the world by the age of 25.
It’s the easiest money I’ve ever made.
What does twitter think?
@JustinPugh Brokers seeing a 1031 exchange buyer tweet😂😂
Here, I’ll give it shot: DMs are open if you want to see some of our listings, Justin. Got a few I think you would like depending on the criteria.
I have my last 1031 exchange sitting with a qualified intermediary. I’m completely prepared to pay the capital gains tax if the right deal doesn’t cross my plate.
Paying the taxes and having the capital freed up to do better deals down the road seems like the move!
Put this in your pipe and smoke it…
2022 NCAA Champ Denver beat ACHA UNLV 10-0.
Last night’s NCAA Trny first round…
Minnesota over Canisius 9-2
Ohio State over Harvard 8-1
Penn State over Michigan Tech 8-0
Michigan over Colgate 11-1
@chernobelskiy Haha, yup! At first you only do it for the $$, but then you realize the people you meet are the ones you are trying to emulate and stay connected with