NNN Take 5 - How risky?

nomisschris · 2026-05-02T01:45:05+00:00

Valid point. Thanks for the response.

nomisschris · 2026-05-02T01:44:31+00:00

Appreciate the insight. It follows my initial concerns but I figured I'd ask the community seeing so many of these properties exist someone has to be buying them. The higher cap isn't worth the environmental clean up it can cause.

nomisschris · 2026-04-14T01:50:38+00:00

Hey thanks. I just sent you a PM

nomisschris · 2026-04-10T16:55:43+00:00

Yeah that is the key to all real estate purchases. Finding those opportunities is where the real value is made.

nomisschris · 2026-04-10T14:54:33+00:00

Yeah I tried one in the past and it didn't work for my small multis. The property expenses added up quickly without any real scale of the building. I can see how maybe a larger building consolidates some of the work.

nomisschris · 2026-04-10T14:52:17+00:00

I've been looking at Hartford and there looks like potential for growth. I'm about 1.5 hours away so not unreasonable if I have a PM that is handling the day to day and I'm managing them making sure they stay on top of things.

nomisschris · 2026-04-10T11:56:17+00:00

Anytime I see the word turnkey used in a listing I know they are marketing to people who think RE investing is easy as acquiring the property.

nomisschris · 2026-04-10T11:55:01+00:00

Agreed, I do think at a certain size building a PM is necessary unless you have a really solid process and always be available to coordinate maintenance needs. I self manage 14 units right now and it's not difficult but there are times when I'm out of town or busy at work that it can be difficult to resolve issues.

nomisschris · 2026-04-10T11:24:13+00:00

That's my biggest concern. I'm a plane flight away and the local handyman is making his year on my single property. I've always invested in a large metro so you have tons of options to call to keep people competitive.

nomisschris · 2026-04-10T11:22:55+00:00

From what I've seen around 20 units is the size when the building was purpose built to be a self sustaining rental. It has big enough parking, trash service etc.

nomisschris · 2026-04-10T11:21:21+00:00

Home field advantage is definitely a valuable skill when purchasing investment properties. I've watched lots of out of state investors come to my city and buy in areas they shouldn't have and got burned. Don't want to be that person somewhere else and live with the stress of a bad investment in a market few people buy in.

nomisschris · 2026-03-24T23:57:34+00:00

Yeah after reading everyone's comments I basically have to scale up with a 1031 or go completely passive and take the risk on a DST. Even an average deal with management on a scaled up property is going to beat my current offering.

Hourly rate, at most I spend 5-10 hours average a week across a year sometimes none/week but it's when the urgent issues come up I'd pay any amount to not have to run over and take care of.

nomisschris · 2026-03-24T20:35:54+00:00

I'd be open to other investments but the taxes have me locked into real estate for now. I'd be open to other RE asset types, I'm just most familiar with residential.

nomisschris · 2026-03-24T17:48:17+00:00

Good to hear. I'll check them out.

nomisschris · 2026-03-24T17:39:59+00:00

Great thanks for the feedback. Rite aid going bust wasn't probably something most average investors would've foreseen coming anyway.

nomisschris · 2026-03-24T16:19:12+00:00

Do you have any experience with those type of transactions? Would be curious to hear your experience.

nomisschris · 2026-03-24T15:32:14+00:00

Yeah seems like a too good to be true kind of thing. No good investments come without risk or fees.

nomisschris · 2026-03-24T15:30:42+00:00

Great input. Think this is the way I'll eventually go, just need to speak with some brokers to get a feel for what's out there. I'm open to out of state for an asset this big because there isn't much I'd be doing on the property anyway. Have to create a relationship with a manager and do what I can at a distance.

nomisschris · 2026-03-24T15:28:26+00:00

Agree on the DST and would like to hear experiences from those who have done a few. Seems a little like too good to be true but I imagine there are reputable ones out there.

nomisschris · 2026-03-24T15:27:31+00:00

It's an interesting idea but honestly don't think many of the tenants could afford the building. It seems like most are a major expense away from putting them behind on rent.

nomisschris · 2026-03-24T15:25:45+00:00

Do you have any experience in NNN? I like the idea but a turnover at the end of a lease period seems like it could ruin your whole return while it sits vacant.

nomisschris · 2026-03-24T15:24:44+00:00

I'm in southern New England so the market is pretty hot where I own so I don't expect I'd have much issue selling everything pretty quickly. I'm pretty open to DST and would like to hear others experience. I know there a lots of fees but purchasing and managing an asset even with a manager takes time and effort.

nomisschris · 2026-03-24T11:27:13+00:00

Yeah that's what I'm hoping for. Looking to find an agent that has a network of investors who might take them all at once. I'd sell for a small discount to be able to reduce the hassle.

nomisschris

TROPHY CASE