MacGyver's skills
12-28-2004, 12:42 PM
#3
Gone Fishin'
Charter Member
Join Date: Nov 2000
Location: Grand Rapids/Holland/Grand Haven
Posts: 7,408
Likes: 0
Received 0 Likes
on
0 Posts
Re: MacGyver's skills
Not without duct tape and his swiss army knife. Essentials to building ANYTHING.
__________________
[b]M Go Blue.......Gator boots, gator luggage, gator purses... all at cut rate deals!!!!
[b]M Go Blue.......Gator boots, gator luggage, gator purses... all at cut rate deals!!!!
12-28-2004, 01:44 PM
#4
Re: MacGyver's skills
Originally Posted by Waterfoul
Not without duct tape and his swiss army knife. Essentials to building ANYTHING.
12-28-2004, 02:06 PM
#5
Registered
Join Date: Mar 2004
Posts: 8,170
Likes: 0
Received 0 Likes
on
0 Posts
Re: MacGyver's skills
Originally Posted by Crazyhorse
Could MacGyver build a shopping mall with a toothpick and a garden rake?
Where are ya when I need ya Bonnie?!?!
12-29-2004, 06:58 AM
#6
Registered
Join Date: Jun 2003
Location: Rochester, NY
Posts: 1,553
Likes: 0
Received 0 Likes
on
0 Posts
Re: MacGyver's skills
My $.02....
It could be built. Assuming you could get a C of O, the lease would probably end up being a gross deal based on a percentage of sales. After the TI's and allowances it would be a negative effective rent.
I would set up the management agreement to be leasing commissions of $100,000 psf, cuz that's the only way the management company is going to make any money on the deal. I would also set up the note (would you even need a note on a mall like that?) to be entity X, with the mortgage allowing the property management by company Y.
By the way, the officers should be ready to run FAST cuz your DSCR is going to sheyit the bed real quick.
Oh, and I'd set up X and Y as a LLC out of Nevada. Officers are not a matter of public information there from what I hear, and it would be much harder to prosecute.
How's that sound???
It could be built. Assuming you could get a C of O, the lease would probably end up being a gross deal based on a percentage of sales. After the TI's and allowances it would be a negative effective rent.
I would set up the management agreement to be leasing commissions of $100,000 psf, cuz that's the only way the management company is going to make any money on the deal. I would also set up the note (would you even need a note on a mall like that?) to be entity X, with the mortgage allowing the property management by company Y.
By the way, the officers should be ready to run FAST cuz your DSCR is going to sheyit the bed real quick.
Oh, and I'd set up X and Y as a LLC out of Nevada. Officers are not a matter of public information there from what I hear, and it would be much harder to prosecute.
How's that sound???
12-29-2004, 07:08 AM
#7
Registered
Join Date: Jun 2003
Location: Rochester, NY
Posts: 1,553
Likes: 0
Received 0 Likes
on
0 Posts
Re: MacGyver's skills
So, I'm thinking about the tenants that do gross deals. Old Navy wouldn't touch it with a 10 foot pole. New York and Company? Express? No.
I'm thinking Dollar Tree or Payless.
That's the tenant you're most likely to get. Start with them.
I'm thinking Dollar Tree or Payless.
That's the tenant you're most likely to get. Start with them.
12-29-2004, 09:08 AM
#10
Registered
Thread Starter
Join Date: Jan 2001
Location: Holland MI
Posts: 3,140
Likes: 0
Received 0 Likes
on
0 Posts
Re: MacGyver's skills
Could MacGyver substitute his boxer shorts for the scraps of cloth he'd need? Assuming that he's had to go through all the cost-cutting issues that the rest of us have gone through, would a Chinese Army knife work?
Would he be able to qualify for insurance on the structure, seeing as it was built by him?
Would he need a permit to harvest the "green" products from the land surrounding his site? Or can he just do it because he IS Macgyver?
Would he be able to qualify for insurance on the structure, seeing as it was built by him?
Would he need a permit to harvest the "green" products from the land surrounding his site? Or can he just do it because he IS Macgyver?
Thread
Thread Starter
Forum
Replies
Last Post
mlitefan
General Boating Discussion
10
09-14-2002 09:24 AM
