Grand Slam Today!

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Grand Slam Today! (by Ray-N-Pa [PA]) Jan 24, 2022 1:37 PM

Grand Slam Today! (by Ken [NY]) Jan 24, 2022 1:44 PM

Grand Slam Today! (by Robin [WI]) Jan 24, 2022 2:52 PM

Grand Slam Today! (by LeePookie [IN]) Jan 24, 2022 3:08 PM

Grand Slam Today! (by MikeA [TX]) Jan 24, 2022 3:13 PM

Grand Slam Today! (by James [GA]) Jan 24, 2022 4:24 PM

Grand Slam Today! (by Ray-N-Pa [PA]) Jan 24, 2022 4:28 PM

Grand Slam Today! (by GKARL [PA]) Jan 24, 2022 5:56 PM

Grand Slam Today! (by Dave [MO]) Jan 24, 2022 7:15 PM

Grand Slam Today! (by Plenty [MO]) Jan 24, 2022 8:39 PM

Grand Slam Today! (by 6x6 [TN]) Jan 24, 2022 9:33 PM

Grand Slam Today! (by dino [CA]) Jan 25, 2022 12:11 AM

Grand Slam Today! (by Dee Ann [WI]) Jan 25, 2022 1:52 AM

Grand Slam Today! (by Dodge [PA]) Jan 25, 2022 5:33 AM

Grand Slam Today! (by BRAD 20,000 [IN]) Jan 26, 2022 12:46 AM

Grand Slam Today! (by Ray-N-Pa [PA]) Posted on: Jan 24, 2022 1:37 PM
Message:

I mentioned to some of you last year that I was picking up a functioning Pizza Hut Restaurant. Many folks boo ho about doing that.

Well today my tax reassessment came back.

My tenant is currently paying only $36,000 rent in a NNN format. He has been there for over 20 years. Along with rent he pays $31,000 in taxes and another $5,000 in insurance for a total of $72,000. He has an option to renew the lease in another 24 months for another $5,000 annually bringing total payments up to $77,000 annually.

Well I filled for a tax reassessment based on the most recent purchase price. Before it was assessed on the new cost of construction. Taxes have dropped for the tenant down from $31,000 down to $16,000. He should be tickled pink. This almost all but guarantees a renewal as his new renewal rate will be only $62,000 per year.

Now I have to hold the place for a year and have him use clear now for 12 months before offering him to purchase the place off of me.

The property was placed in a land trust with the exit in mind.

Today I am stoked.

--24.101.xxx.xxx

Grand Slam Today! (by Ken [NY]) Posted on: Jan 24, 2022 1:44 PM
Message:

Great job,I always enjoy getting taxes reduced --72.231.xxx.xxx

Grand Slam Today! (by Robin [WI]) Posted on: Jan 24, 2022 2:52 PM
Message:

Well done! It pays to know how to play the game! --104.230.xxx.xx

Grand Slam Today! (by LeePookie [IN]) Posted on: Jan 24, 2022 3:08 PM
Message:

Love It!!!

Great job! Know the rules and dominate the game! --96.31.xxx.xxx

Grand Slam Today! (by MikeA [TX]) Posted on: Jan 24, 2022 3:13 PM
Message:

that will be a pretty payoff in the future. --209.16.xx.xxx

Grand Slam Today! (by James [GA]) Posted on: Jan 24, 2022 4:24 PM
Message:

Indeed a gland slam. In your state? --82.135.xx.xx

Grand Slam Today! (by Ray-N-Pa [PA]) Posted on: Jan 24, 2022 4:28 PM
Message:

Pizza Hut is located about 450 miles away in a different state.

Would have been much harder in Pa --24.101.xxx.xxx

Grand Slam Today! (by GKARL [PA]) Posted on: Jan 24, 2022 5:56 PM
Message:

Congrats Ray! --209.122.xx.xxx

Grand Slam Today! (by Dave [MO]) Posted on: Jan 24, 2022 7:15 PM
Message:

That’s awesome! --174.202.xxx.xx

Grand Slam Today! (by Plenty [MO]) Posted on: Jan 24, 2022 8:39 PM
Message:

You the man! Pizza Pizza! --172.58.xxx.xxx

Grand Slam Today! (by 6x6 [TN]) Posted on: Jan 24, 2022 9:33 PM
Message:

I remember you mentioning that plan. I am glad it worked out. Congratulations on a job well done. Now, you can sit back and celebrate with a beer and pizza. Watch those calories though! --73.120.xx.xxx

Grand Slam Today! (by dino [CA]) Posted on: Jan 25, 2022 12:11 AM
Message:

Ray,

I recommend adding the topping combo of mushrooms and pineapple.

--76.171.xxx.xxx

Grand Slam Today! (by Dee Ann [WI]) Posted on: Jan 25, 2022 1:52 AM
Message:

Nice one RAY!! --176.113.xx.xxx

Grand Slam Today! (by Dodge [PA]) Posted on: Jan 25, 2022 5:33 AM
Message:

Congrats on your efforts providing a great outcome! --174.198.xxx.xx

Grand Slam Today! (by BRAD 20,000 [IN]) Posted on: Jan 26, 2022 12:46 AM
Message:

Go RayRay GO!! You da MAN!

BRAD

PS Did you write free pizza into the rent?? --73.102.xxx.xxx

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