MY FIRST OVERSEAS DEAL ZIV MAGEN
This is what made me pause. This place
must have been bigger and fancier, since
the price was almost our entire purchase
budget, which was supposed to be
enough for 2 or 3 units. But, cap rates
were around 24%, which would normally
translate to about 14-16% net pre-tax
return annually. Shimazaki continued.
Chikako listened and then translated,
“He says its three units, all in the same
building, all sold by the same owner, who
needs to liquidate his assets due to debt.
Settlement
fees
would
be
greatly
reduced if we were to take all three”.
Not to mention the diversity. Three separate
“Well, do you?” She says.
units meant three separate tenants and leases.
“Do I what?”
I started to smile.
She blinked twice, Japanese for “you are a
Which is how we come back to this moment. Chika
complete and utter moron, and I wish I could kill you
fixing her gaze on me yet again, me staring right
right now”, and repeated the question “Do you
back at her, and both of us not saying a word.
understand and accept the fact that units 713 and
813 are conjoined on the title deed?”
I didn’t. Or, at least, I didn’t understand what that
meant, why it was happening, and what I was supposed to do about it. I relayed the information to
her. She blinked again. Shimazaki was looking at
me intently, and I had the feeling his gaze, too, was
saying something like “this idiot of a foreigner is
going to do it again.
He’s going to ask his
questions. I just know it. I knew I should have
brought my ancestor’s sword in with me this
morning. Maybe it isn’t too late for that yet”.