Commercial realestate or land banking

[mettastar]

Anyone in db bot a commercial real estate or has experience? 

Like a strip mall or something .. lekapothe farm land koni flipping it after few years

[ManOffSteel]

Most of the mestri's are buying strip malls bro. Only thing, they are very expensive and you have to put around 30% down if you are a first time buyer. But if you can gather the money and buy them they are a very good source of monthly income and building equity. My previous mestri owns 2 strip malls, makes around 40k per month on both of them after bank payments. Says that it is the best decision he took in buying them 10 years ago and he can retire anytime he wants now. He paid them down as much as possible and the prices have appreciated, so now he is sitting on 5 to 7 million in equity and 500k in yearly income. 

I did the math 2 years ago but it is very expensive, most of the strip malls in good locations are in the 5 to 7 million range and 30% down is 1.5 Million. Also you have to have another 500k for any contingencies . Initial 5 to 7 years will be tough but after a few years it is guaranteed retirement income.

 

[mettastar]

1 hour ago, ManOffSteel said:

Most of the mestri's are buying strip malls bro. Only thing, they are very expensive and you have to put around 30% down if you are a first time buyer. But if you can gather the money and buy them they are a very good source of monthly income and building equity. My previous mestri owns 2 strip malls, makes around 40k per month on both of them after bank payments. Says that it is the best decision he took in buying them 10 years ago and he can retire anytime he wants now. He paid them down as much as possible and the prices have appreciated, so now he is sitting on 5 to 7 million in equity and 500k in yearly income. 

I did the math 2 years ago but it is very expensive, most of the strip malls in good locations are in the 5 to 7 million range and 30% down is 1.5 Million. Also you have to have another 500k for any contingencies . Initial 5 to 7 years will be tough but after a few years it is guaranteed retirement income.

 

yeah ipudu property values appreciate ayinatunayi .. I just started exploring that area .. due to covid small business lu kuda debbathinnayi kada .. rents ki pokapothe out of pocket monthly expenses avuthayemo ..

inka vere em options unaya ani exploring .. in real estate .. manchi area lo 1acre pad site is about 1Mil and construction cost easy ga $250persft avudhanta .. adi kuda costs close 3 to 4mil . dani tharvatha tenants dorakakapothe bisket 

 

[ManOffSteel]

1 hour ago, mettastar said:

yeah ipudu property values appreciate ayinatunayi .. I just started exploring that area .. due to covid small business lu kuda debbathinnayi kada .. rents ki pokapothe out of pocket monthly expenses avuthayemo ..

inka vere em options unaya ani exploring .. in real estate .. manchi area lo 1acre pad site is about 1Mil and construction cost easy ga $250persft avudhanta .. adi kuda costs close 3 to 4mil . dani tharvatha tenants dorakakapothe bisket 

 

Honestly in this market anything to do with real estate is risky Everything seems so inflated- land prices, building costs, evening single family home prices are so high that technically buying them and renting them will result in negative cash flow.. 

[ManOffSteel]

1 hour ago, mettastar said:

 

inka vere em options unaya ani exploring .. in real estate .. manchi area lo 1acre pad site is about 1Mil and construction cost easy ga $250persft avudhanta .. adi kuda costs close 3 to 4mil . dani tharvatha tenants dorakakapothe bisket 

 

Consider building apartments instead of commercial spaces..new apartments ante 1 year lo 100% ease lease aipotaay..Take one acre near a university or good school and build 6 to 8 apartments.. banks will also easily give loans for these kind of investments.. My friend and I have done some research on this front and backed out because I want to R2I and managing these apartments when you are in India is hard..

[Spartan]

2 hours ago, mettastar said:

yeah ipudu property values appreciate ayinatunayi .. I just started exploring that area .. due to covid small business lu kuda debbathinnayi kada .. rents ki pokapothe out of pocket monthly expenses avuthayemo ..

inka vere em options unaya ani exploring .. in real estate .. manchi area lo 1acre pad site is about 1Mil and construction cost easy ga $250persft avudhanta .. adi kuda costs close 3 to 4mil . dani tharvatha tenants dorakakapothe bisket 

 

@mettastar uncle...oka apartment complex katti...naaku oka dantlo rent ki undataniki ivvu.

[mettastar]

2 minutes ago, Spartan said:

@mettastar uncle...oka apartment complex katti...naaku oka dantlo rent ki undataniki ivvu.

😆

[Spartan]

5 minutes ago, mettastar said:

😆

congratulations on getting greened..  @mettastar

[veerigadu]

Lot of bussinesses are shutting down due to Amazon. Not worth it ani oka vuncle told. 2010- 2017 period lo mall owners did festival. 

[ManOffSteel]

16 minutes ago, veerigadu said:

Lot of bussinesses are shutting down due to Amazon. Not worth it ani oka vuncle told. 2010- 2017 period lo mall owners did festival. 

Strip malls are different bro, they have restaurants, liquor stores, hair saloons that are necessities, they will never go out of business..

[mettastar]

2 hours ago, Spartan said:

congratulations on getting greened..  @mettastar

next month current aithe ade padi velu

[argadorn]

7 hours ago, mettastar said:

Anyone in db bot a commercial real estate or has experience? 

Like a strip mall or something .. lekapothe farm land koni flipping it after few years

EAD vachindHI ANI RECHIPOTHUNAVU GA 

[Allarinaresh10]

Gp

[mettastar]

On 5/24/2021 at 6:10 PM, argadorn said:

EAD vachindHI ANI RECHIPOTHUNAVU GA 

Inka raledu vuncle ..

[mettastar]

Evaranna commercial property maintaining aa .. what are the things to consider before buying any tips?