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How to Retire with Commercial Retail shops (with Phil King)
Phil retired at 53 years old, but found retirement mind-numbingly boring, and so he decided to draw on his experience to help others buy commercial property- specialising in retail shops.
I thank Phil for sharing in depth behind-the-scenes how he finds deals.
•the extensive due diligence required for commercial property
•keeping in contact with agents
•how he values a deal
•finding out about the all about the lease (duration, terms, security/guarantee, is it a net lease
•be wary of expenses left off by selling agent(backflow testing, public liability, annual audit)
•zoning
•body corporate…
The skinny
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