In United States real estate business, “net lease” is a term used for an arrangement in which the tenant or lessee is responsible for paying, in addition to base rent, some or all of the expenses related to real-estate ownership. These expenses, often called the “three nets”, are property taxes, insurance, and maintenance.  Because the rent collected under a net lease is net of expenses, it tends to be lower than rent charged under a gross lease. Net lease types include single net, double net, and triple net leases, with the term “net lease” often being used as a shorthand expression for any of these arrangements. A triple net lease (i.e., one that is net of all three of the major expense categories) is often abbreviated as “NNN lease”, but is still pronounced as “triple net lease”.
Housing prices in most parts of California and the country have returned to or exceeded previous highs attained in the 2006-2008 market peak, and many are beginning to ask if we are in another bubble that will see a collapse of housing prices similar to what happened 10 years ago.
My sense of the market is that we are not in danger of a collapse in housing prices, but we face a much more insidious problem.
10 years ago home prices were escalating rapicly and people felt they needed to buy now or be left out of the market. The home finance industry created some very innovative loans that allowed people to qualify to buy homes they simply were not qualified to pay for...Read More Investment News
Here is my local Central Coast Triple Net Lease Property Pick of the Week:
This Burger King is located just outside the southern portion of the Greater Bay Area in northern California. The subject property is strategically positioned in a dense retail corridor benefiting from its close proximity to many national and local retailers. Major national retailers in the area include: Taco Bell, Starbucks, Subway, Ace Hardware, Jack in the Box, Circle K, AutoZone and many more. This Burger King also benefits from its close proximity to academic institutions. There are two Elementary Schools and one High School less than two miles from the subject property which have a combined total enrollment of over 4,000 students. A Hospital, a 266-bed general medical and surgical hospital, is located five miles from the subject property.
According to Zillow’s US and 50 Largest Metro Areas report for November 2017, housing costs in San Jose are the most expensive for any Metro area in the country.
Five of the most expensive metro areas in the country are in California, and 3 of the top 10 (San Jose, San Francisco, and Sacramento are in our own Bay Area.
Purchasing a new home can be exciting…when you move in!
But before move-in day comes, logistics take the front seat. In order to even begin to look for your dream home, you need to know how much you can afford to pay. To begin this pre-approval process, you need to investigate different mortgage lending sources to see which one offers you the best deal. Here are four easy steps to take when searching for your mortgage.