Tanh Truong discusses the
differences and similarities between the residential and commercial
real estate spaces and why he purchased a five million dollar strip
mall.Key Points From This Episode
An introduction to today’s guest, Tanh Truong,
and his five million dollar investment.
The building’s location, size, tenants, and
price.
How he discovered the deal on a poorly marketed
website.
The two anchor tenants: Dollar Tree and Loman’s
Furniture.
What led him to consider investing in
commercial property over residential homes.
How cap rates are used to measure how well a
property is doing.
Why a higher cap rate usually means that a
property is operating well.
Which cap rate you should look for and what you
should base this on.
The total expenses involved in the five million
dollar deal and what this translates to.
How bringing tenants into a space and getting
the rents up increases the value of the property.
How the deal flow differs between single and
multi-family property and commercial property.
How Tanh had to leverage his partners in order
to qualify for the loan he needed.
Why traffic count is important for your plaza
to actually succeed.
Navigating the due diligence phase in
commercial investments.
Why he sees his role as a landlord as helping
his tenants to succeed.
How Tanh feels about the future of cap
rates.
The typical division of ownership among
partners.
Why Tanh is choosing to focus his energy on the
commercial realm.
The Your Financial Pharmacist Podcast is designed to empower pharmacy professionals to take control of their personal finances.
Disclaimer: The information on this website is provided to you for your informational purposes only and is not intended to provide, and should not be relied on for, investment or any other advice. For more information, visit https://yourfinancialpharmacist.com/disclaimer