Posted by Katie MacCrimmon on September 28, 2004 at 04:17:07:
“Why don’t you just come move in with me?” -Bender
“Really? That would be great! You sure I won’t be imposing?” -Fry
“Nah. I’ve always wanted a pet.” -Bender
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Oh, well, of course, everything looks bad if you remember it.
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El Viaje Misterioso de Nuestro Homer
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Ed, what would you do? - Posted by Reva
Posted by Reva on June 30, 2004 at 20:59:23:
Hey, Ed. I hope you’ll remember me from Atlanta. Short, stocky blond from Florida with waterfront properties. Any way, a deal is before me. Here it is in a nutshell.
A newly renovated 3500 SF two story office building is available for $245,000. The current owners are building a new facility and want to lease back this one until theirs is finished. They think a year, I know better. They haven’t broken ground on a 10,000 SF building. I am considering an offer of $225,000 with a signed lease at $35,000 per year (NNN) with 3 month renewals at same rate, 4 times. If renewal thereafter, then a review of market rents will be necessary.
Do you think financing for this would be easy? Or would it be better to offer a lower lease rate and get them to hold paper? They might need to cash out to build, so I don’t want this to be my first approach. There is a broker involved of course, but in this case it might be good. He knows I am player and can attest to my seriousness and willingness to commit to doable terms.
Your take will be appreciated. By the way, you’re a great guy, very geniune. I really enjoyed the Lenders Workshop and feel that I will be able to structure better deals and financing as a result.
Re: Ed, what would you do? - Posted by Jes McGuire
Posted by Jes McGuire on November 15, 2004 at 23:06:04:
I just know I’m a better manager when I have Joe DiMaggio in center field.
– Casey Stengel
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Did logzerneg the ifthen block
All kludgy were the function flows
And subroutines adhoc.
Beware the runtime-bug my friend
squrooneg, the false goto
Beware the infiniteloop
And shun the inprectoo.
– “OUTCONERR,” to the scheme of “Jabberwocky”
Re: Ed, what would you do? - Posted by Ronald Haugen
Posted by Ronald Haugen on September 27, 2004 at 22:55:23:
Manly’s Maxim:
Logic is a systematic method of coming to the wrong conclusion
with confidence.
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Re: Ed, what would you do? - Posted by Mary Bryant
Posted by Mary Bryant on August 17, 2004 at 01:02:32:
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Re: Ed, what would you do? - Posted by Ed Garcia
Posted by Ed Garcia on July 01, 2004 at 11:29:50:
Riva,
Good morning. I?m not sure I would describe you as you have done; you?re an attractive lady Riva, who is bright and very ambitious.
I definitely remember our discussions and about your water front properties.
I already like your thoughts on your deal as well as your approach.
Riva, in most cases when a seller sells with a Lease-back the intent is to get an infusion of cash either for their business or in this case to do other deals.
I would definitely work the deal with a seller carry-back and before further negotiations I would discuss the financing with my bank. I would invite my banker out to lunch and do a drive by. After a discussion he will give me his food for thought on how he would like to structure the deal. I can then go and make my offer explaining to the seller that I have already discussed the deal with my bank and what it would take for you to do the deal.
Hopefully this will help you negotiate your seller carry-back a little easier.
If you like you can call me today, I?ll be in my office.
Until then,
Ed Garcia
Re: Ed, what would you do? - Posted by James Ward
Posted by James Ward on November 22, 2004 at 07:58:19:
program, n.:
Any task that can’t be completed in one telephone call or one
day. Once a task is defined as a program (“training program,”
“sales program,” or “marketing program”), its implementation
always justifies hiring at least three more people.
soma cheap somaIt is a very humbling experience to make a multimillion-dollar mistake, but it
is also very memorable. I vividly recall the night we decided how to organize
the actual writing of external specifications for OS/360. The manager of
architecture, the manager of control program implementation, and I were
threshing out the plan, schedule, and division of responsibilities.
The architecture manager had 10 good men. He asserted that they could write
the specifications and do it right. It would take ten months, three more
than the schedule allowed.
The control program manager had 150 men. He asserted that they could prepare
the specifications, with the architecture team coordinating; it would be
well-done and practical, and he could do it on schedule. Futhermore, if
the architecture team did it, his 150 men would sit twiddling their thumbs
for ten months.
To this the architecture manager responded that if I gave the control program
team the responsibility, the result would not in fact be on time, but would
also be three months late, and of much lower quality. I did, and it was. He
was right on both counts. Moreover, the lack of conceptual integrity made
the system far more costly to build and change, and I would estimate that it
added a year to debugging time.
Re: Ed, what would you do? - Posted by Herbert Thayer
Posted by Herbert Thayer on November 18, 2004 at 18:12:43:
Totally illogical, there was no chance.
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Re: Ed, what would you do? - Posted by Joey Young
Posted by Joey Young on November 15, 2004 at 19:33:10:
The night passes quickly when you’re asleep
But I’m out shufflin’ for something to eat
…
Breakfast at the Egg House,
Like the waffle on the griddle,
I’m burnt around the edges,
But I’m tender in the middle.
– Adrian Belew
levitra cheap levitra* Knghtbrd is FAR too tempted to .sig this entire discussion…
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– Frank Costello, on the prosecution of “Lucky” Luciano by
New York district attorney Thomas Dewey after Luciano had
saved Dewey from assassination by Dutch Schultz (by ordering
the assassination of Schultz instead)