A warehouse
Daily sports car?
- Thread starter CriticalCore
- Start date
A warehouse
Some people don’t know what they have and are too stubborn to listen to the people they pay.
He thinks he’s ripping me off and I would have gladly paid $1m more than I did.
Congrats ! the entire media focus has been on residential pricing , I wonder if there is some value in commercial real estate still existing?
One fellow I deal with at arms length has about 8 industrial units rented out, he says he would rather that than anything to do with residential property , a different class of tenant and booting a non paying commercial client is apparently easy.
I've always resisted because I would end up with a huge space for all my own crap.
I've been looking for commercial properties for the last couple years there's actually next to no roi. The only way you make any money at it is if values go up and not sure how that's going to happen
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Rezoning and sell as residential land. Not good for Ontario long-term but good for steve short term. Some of douggies Mzo's I think did this.
Everything I want is in heavy industrial areas no one would want to live there.
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Our place is in a purely industrial area so no chance of it being re-zoned.
Where are you looking? Still within Guelph? A few years back we considered moving the business to Guelph and looked at a few places. We ultimately decided not to as business taxes in Guelph were higher than Elmira.
But a few years ago when we were looking there really wasn’t much on the market, and there’s even less now.
Good luck with your search!
I didn’t buy a place to become a landlord - we bought so we won’t have to pay rent anymore.
I’m only 40 so we will still be operating the business for a while and the building will be paid for within the next 5 years or so. After that point, any money that would have been paid in rent will be saved, plus however much the building appreciates in value over the next 20-25 years. That is where I’m looking at in terms of ROI.
Thats a very sensible plan, I have a client with three 1400ft rental units he occupies , I suspect over the 26 yrs he has been there he has paid for them 3 times over and when he shuts down , he has to clean it and return to spec.
Other fellow bought a building that was a bit of a stretch at the time, it was 950K in Kitchener for 8,000sqft. its valued for a LOT more now. but it took 20yrs .
Other fellow bought a building that was a bit of a stretch at the time, it was 950K in Kitchener for 8,000sqft. its valued for a LOT more now. but it took 20yrs .
I rent about 8,000 ft currently industrial could use 12,000 ft but my money makes far more in the business than it would owning the building
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I didn’t pay a whole lot more than your Kitchener client but it’s for 10,000sq/ft and in Elmira.
Needs about $75k-$100k in upgrades but even with that factored in I know I got a smoking deal!
Who knows what it’ll be worth in 20-25 years, all I know is for 15-20 of those years I’ll be here rent/mortgage free.
That's a hell of a deal I would have grabbed it for myself on a second.
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Well he needed somewhere bigger to keep his sports carsHow the F did you ballers manage to side track a sports car thread into commercial property swag.
GTAM threadjacking hits a new bar!
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Well he needed somewhere bigger to keep his sports cars
HAHAHAHAHA!!
This is legit hilarious because I’ve already inquired about permits for building a 60’x40’ shop on the property which would be used solely for storing vehicles and toys in the off-season!
I’m feeling more and more poor with each post here….can we go back to cars I can’t afford please?
If it makes you feel better, the 2 vehicles currently sitting in my driveway are:
2009 Honda Civic with 285,000kms
2007 Honda Odyssey with 215,000kms
