Posted On: 05/07/2015 5:18:51 PM
Post# of 56324
Jim holds a 10 year lease on a property that prior to Cen was not making revenue. The best time to sell a property is when you have long term stable tenant(s).
Makes little difference to Bill who the landlord is and if Jim sells the property that holds a 10 year lease at 25k month (I thinks that's the rent but not 100% sure) he would likely do well on that sale; 25k X 12 is $3 million over the 10 years for the new owner is a good thing.
I believe Jim was trying to make some money and there is nothing wrong with that IMO.
Makes little difference to Bill who the landlord is and if Jim sells the property that holds a 10 year lease at 25k month (I thinks that's the rent but not 100% sure) he would likely do well on that sale; 25k X 12 is $3 million over the 10 years for the new owner is a good thing.
I believe Jim was trying to make some money and there is nothing wrong with that IMO.
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