Steve
👤 PersonAppearances Over Time
Podcast Appearances
I don't know.
I don't know.
Oh, man. Something like that.
Oh, man. Something like that.
Oh, man. Something like that.
Hi. Thank you for taking my call. Sure. What's up? I have a question about risk. Okay. So I am 64. I'm retired. I'm an everyday millionaire. I have a piece of commercial real estate that was – part of a business that I sold that I still own. It's a triple net leaf, and I've got five years left on the leaf. And I'm just wondering when I should sell it.
Hi. Thank you for taking my call. Sure. What's up? I have a question about risk. Okay. So I am 64. I'm retired. I'm an everyday millionaire. I have a piece of commercial real estate that was – part of a business that I sold that I still own. It's a triple net leaf, and I've got five years left on the leaf. And I'm just wondering when I should sell it.
Hi. Thank you for taking my call. Sure. What's up? I have a question about risk. Okay. So I am 64. I'm retired. I'm an everyday millionaire. I have a piece of commercial real estate that was – part of a business that I sold that I still own. It's a triple net leaf, and I've got five years left on the leaf. And I'm just wondering when I should sell it.
The kind of a wrinkle in the ointment is that I have – it's in a rural area, and it's owned by a big corporation. They're having some trouble – attracting people to move out to rural areas to work. So when the lease is up in five years, I'm not sure what's going to happen. And so, you know, I feel like I have a great deal at the moment. Things are going very well.
The kind of a wrinkle in the ointment is that I have – it's in a rural area, and it's owned by a big corporation. They're having some trouble – attracting people to move out to rural areas to work. So when the lease is up in five years, I'm not sure what's going to happen. And so, you know, I feel like I have a great deal at the moment. Things are going very well.
The kind of a wrinkle in the ointment is that I have – it's in a rural area, and it's owned by a big corporation. They're having some trouble – attracting people to move out to rural areas to work. So when the lease is up in five years, I'm not sure what's going to happen. And so, you know, I feel like I have a great deal at the moment. Things are going very well.
I don't really want to own it if it's empty in five years. And I just don't, I don't know, help me out trying to frame this and understand the smart way to make this decision.
I don't really want to own it if it's empty in five years. And I just don't, I don't know, help me out trying to frame this and understand the smart way to make this decision.
I don't really want to own it if it's empty in five years. And I just don't, I don't know, help me out trying to frame this and understand the smart way to make this decision.
No, that's exactly right. And I have, honestly, I get calls all the time from some various groups who, I mean, it's got five years in the lease. They are very happy to buy these properties. Yeah, yeah.
No, that's exactly right. And I have, honestly, I get calls all the time from some various groups who, I mean, it's got five years in the lease. They are very happy to buy these properties. Yeah, yeah.
No, that's exactly right. And I have, honestly, I get calls all the time from some various groups who, I mean, it's got five years in the lease. They are very happy to buy these properties. Yeah, yeah.
It was appraised a few years ago. It was $600,000. Okay.
It was appraised a few years ago. It was $600,000. Okay.
It was appraised a few years ago. It was $600,000. Okay.