Lesson 14: Project Lonestar Wrap-up and the Accidental Liquor Store
October 19, 2016
Wed, Oct 19
Review:
- Lonestar Analysis
Presentation:
- Offer is in (verbal only), awaiting response
- Square Footage includes basement
- Summary of Lonestar analyses
- Impact of the New Pueblo Freeway
- The story of my “Accidental” Liquor Store
- Blog Post
- Update – Business and Building Sold!
- Business and License
- Inventory
- Building Lease
- Building Sale
- Financing
- New Lessons
- Keep inventory separate
- Don’t fight highest and best use (owner operator)
- Be flexible and solve problems for other parties in the transaction
- Owner carry can help get the deal done
- Commercial Real Estate Investing is an exercise in Entrepreneurship
Activity:
- Look at other Commercial Properties in Pueblo
- 1015 W. 29th St.
- 544 E Abriendo
- 119 Central Plaza
- Estimate value
- Rank from high to low in terms of Value/Asking Price