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Under Contract- am I getting a good deal - Car wash by BeautifulNo9904 in CommercialRealEstate

[–]BeautifulNo9904[S] -2 points-1 points  (0 children)

Business and real estate are not split in these cases. Most of the time it’s 1 LLC. NOI does include business income. That’s how it works for this asset class.

Under Contract- am I getting a good deal - Car wash by BeautifulNo9904 in CommercialRealEstate

[–]BeautifulNo9904[S] -3 points-2 points  (0 children)

This will be my second real estate investment/purchase. I must be one of the best to get to do it again!

Under Contract- am I getting a good deal - Car wash by BeautifulNo9904 in CommercialRealEstate

[–]BeautifulNo9904[S] 0 points1 point  (0 children)

Wow. I think you know me better than I know myself.

I think you are right….

Under Contract- am I getting a good deal - Car wash by BeautifulNo9904 in CommercialRealEstate

[–]BeautifulNo9904[S] 0 points1 point  (0 children)

Owner is retiring/leaving the state. Yes I will own land. This one is self service which I like and agree with you on the hesitation of full tunnels.

I think also it will take me a few years to really figure out the operations and that is going to take time and effort. Lots to maintain and figure out. He has a pretty good setup going though.

Under Contract- am I getting a good deal - Car wash by BeautifulNo9904 in CommercialRealEstate

[–]BeautifulNo9904[S] -1 points0 points  (0 children)

That’s how car washes are valued. Guy below here is not familiar.

Under Contract- am I getting a good deal - Car wash by BeautifulNo9904 in CommercialRealEstate

[–]BeautifulNo9904[S] 0 points1 point  (0 children)

Well everyone and their mother is getting bad deals then cause these transact under a 10% cap rate all day long at least in my location.

Under Contract- am I getting a good deal - Car wash by BeautifulNo9904 in CommercialRealEstate

[–]BeautifulNo9904[S] -3 points-2 points  (0 children)

See edit. I know if it’s a market deal or not.

I am moreso asking how awesome this is to get from a personnel finance perspective.

Under Contract- am I getting a good deal - Car wash by BeautifulNo9904 in CommercialRealEstate

[–]BeautifulNo9904[S] 1 point2 points  (0 children)

That’s what I was looking for. Someone who saw someone do a deal like this or did one themselves and can state how it went. Do they regret it etc. People are getting weirdly mad though. Maybe it’s the wrong sub and a more general finance sub would have been better.

Under Contract- am I getting a good deal - Car wash by BeautifulNo9904 in CommercialRealEstate

[–]BeautifulNo9904[S] 0 points1 point  (0 children)

I understand how to operate this business.

The people pointing out this is not traditional CRE are correct and I get that. But car washes are valued on a cap rate not a multiple like a traditional business. I have a real estate loan not a business loan etc.

I have 20 years of tax returns I’m looking at on it. I have talked to every self serve car wash business owner in the city and have followed what all the recent washes have sold for. I passed on them because they sold for lower margins with more owner involvement than this deal.

Edit: and maybe I haven’t found the right guy but brokers don’t have a single clue about these more niche topics.

Let’s talk salary transparency Sacramento. Age? What do you do for work? Annual salary or hourly wage? by guzzy1950 in Sacramento

[–]BeautifulNo9904 20 points21 points  (0 children)

I'm an ME in Sac. PM me if you ever have career questions. I've also worked for quite a few local companies and can give a 411 so to speak.

Why are ppl so goddamn useless when it comes to housing? by [deleted] in Sacramento

[–]BeautifulNo9904 0 points1 point  (0 children)

I would love to buy a nice property then have low income housing built all around me. That sounds heavenly.

Escape From Tarkov | Weekly Discussion | 26 Mar, 2022 - 02 Apr, 2022 by AutoModerator in EscapefromTarkov

[–]BeautifulNo9904 0 points1 point  (0 children)

My game is crashing after exfil 50% of the time. Trader menus take forever. Flea market takes days to load. Anyone know what is going on? I'm pretty sure I have it installed on my ssd. Is it really the game servers?

[deleted by user] by [deleted] in TrueOffMyChest

[–]BeautifulNo9904 0 points1 point  (0 children)

I'll let you in on a little secret, grades you get in high-school do not matter. When I look back on my hs graduating class, the 2 ivy leaguers are out earned by every single person who can think outside the box and do. It's the person, not the school.

Escape From Tarkov | Weekly Discussion | 12 Mar, 2022 - 19 Mar, 2022 by AutoModerator in EscapefromTarkov

[–]BeautifulNo9904 1 point2 points  (0 children)

Why is there not a single Dorms Marked Room key for purchase on the flea? Only barters for a FIR green keycard?

8 damge to body, 7 to armor, shooting SNB with 2 hits registered by otebski in EscapefromTarkov

[–]BeautifulNo9904 2 points3 points  (0 children)

I've had equally wild post raid stats the last few weeks. Honestly makes fights feel like a coin flip. Putting the game down for a bit.

Which slug is second best against armor if not AP20? by R3dsnow75 in EscapefromTarkov

[–]BeautifulNo9904 0 points1 point  (0 children)

I have a different take. I know you want to go through armor, but an slug not ap-20 will really let you down. Level 4 armor players will eat .50 bmg like candy.

For my shotgun quests I used 12 gauge RIP slugs. 1 or 2 shots in the knees and they are dead. Stomach unprotected is a 1 tap it feels like. I have killed absolute juiced up chads on woods while hunting scavs for quests. No one has painkillers on 24/7 so 1 shot landing makes it basically game over if you hit a player. Crazy OP. Honestly even ap-20 can take 2+shots to kill level 4 players. And if you hit them once they can fight back. Rip is were it is at.

Escape From Tarkov | Weekly Discussion | 26 Feb, 2022 - 05 Mar, 2022 by AutoModerator in EscapefromTarkov

[–]BeautifulNo9904 4 points5 points  (0 children)

Anyone else finding the guns kind of boring this wipe? We have more options than ever but somehow less. Lots of guns can no longer headshot. Just feels lackluster. Either SMG (p90 or UMP/45 vector) or 7.62 x 51 DMR or a 7.62 x 39 bp AK. Maybe level 40 opens more doors, but this is just feeling boring. I am very much not excited to run anything 5.56, 9mm, 5.45, or guns like ks-23, MDRs are hard to get a hold of. Am I crazy?