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The Guide of drawing up Commercial Lease Application Texas Online

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After WWII, were there a lot of former pilots who never flew again in civilian life? It seems like that would be very depressing, going from such glory to something like a milk truck driver. How many left-over pilots were there?

When I dropped out of Texas A&M to enlist I promised my mother that I’d return to college and finish. She wanted to make sure knowing that I was an Army Brat for 18 years and loved the Army. She sent in an application to the University of Texas on my behalf. She mailed the letter of acceptance. When my year was up I was offered a $40,000 reenlistment bonus for six years and a promotion, the bonus was tax free, spend another year in the Nam. I showed the letter to the CSM of 5th Group and he told me to get the F*&% out of his office and I’d better graduate.I was 22 when I started over as a freshman. I transferred 26 hours from my three semesters at Texas A&M; I only needed one more semester of English. I graduated with honors May 5, 1974. My undergrade degree was Marketing and Advertising which landed me in various Advertising Agencies. It’s a strange occupation because you never stay vary long at any Ad Agency. Once you win Addies both gold and silver other agencies will start calling. You have to invest for your retirement. It was a wild ride, ‘Mad Men’ was tame compared with reality.I took a leap of fath by starting my own agency. I was searching for new accounts. I landed 14 what we call Mom & Pop businesses, the money wasn’t as much as I had hoped for but it was my company and it was enough for money. Then on a tip I called Liberty Homes, a residential builder with nine subdivisions. On average they sold 14 homes a month. By landing the account it turned out to be a $45,000 every month. The agency makes their income by increasing every ad, outdoor sign, printing by 17.5% the companies will give the agency two bills one for the client and another to the agency with the 17.5% subtracted. When I received a check I kept the 17.5% and paid the supplier the difference. A few months later I landed a business developer ‘Morley Properties’ they built office buildings up and down the East Coast. Once we started they were billed $65,000 a month.I was excellent coming up with ad campaigns which brought a lot of clients to both companies. I had no problem running the creative side but lost when it came to running the business. I found Don Blue with whom I served with in the Nam on A-404. Don hands a BA and knew the ins and outs of running the business side of the agency. I have a problem with trusting anyone with the 1.2 million a year that the agency brought in. I trusted Don with my life so I had no problem trusting him with the accounting side of the company. One day Don and I were in our conference room discussing the future; he was filling out a deposit slip and with a huge smile he slid the slip across the table. The deposit amount was $98,000 we were on our way.My success was based on what I learned in the Special Forces Training Group (now called the Q Course) the backward planning chart and other techniques. Don is 6’7”, black and in college he was the blocking back for Gale Sayers at Kansas. I found a silent partner that wanted to give us the money tyo operate without having to worry about a slow cash flow. Withy his help we secured a $100,000 line of credit and all he wanted was the tax form every year for his taxes.Then in 1988 the bottom of my world dropped to the bottom. The Savings & Loan banks started collapsing across the country. The SASA (San Antonio Savings and Loan) was next to fall which killed my agency. The bank called his note due ($40,000,000) this caused the CEO of the residential building company to shut down and the commercial developer left Texas. I gathered my eight employees in the conference room to tell them that I had to shut down the agency. I paid a visit to the management company running the office building. I informed them what happened and I needed to move into a smaller space. They told me that I signed a five year lease and they wouldn’t work with me. Fearing I would jump the lease they changed the locks on the three doors that led to our offices. I called a moving company and asked if they could show up at 8 am and have me moved out before the people from the management company showed up at 12 noon on Saturday. All three locks were changed but I was trained to overcome. I went into the Men’s Room, pushed a ceiling tile to one side and climber into the crawl space until I was over my offices. I dropped down into the space and taped all of the locks to stay open. I spent the night on my couch. At 8 am a large van showed up and they had everything out by 11 am. I found a building that belonged to the Arch Docese of San Antonio. They had built a new office complex and were renting office space at $0.35 a sq foot. At the original I was paying $1.50 a sq foot. About five months later the female from the old office management team showed up at my office door. She stepped in and was wowed by the opulence and told me that her company was going to sue me; OK nice seeing you again. Never heard another word. Several printers, Real Estate magazine outdoor board company all went out of business. Due to the crash.Trying to start over again I called on Frontier Enterprises and after I made my pitch and showed them my portfolio they offered me the position of their Marking Director. I asked about the salary and the president along with the HR slid a contract towards me. I skimmed over the contract, medical, a retirement 401K, life insurance and a nice budget to work with. The salary $105,000 a year. I told them that I’d like a day or two to think about the offer. When I got into my car I was like thank you Lord; you kept me alive in the Nam and here you are again saving my ass. Oh, hell yea I took the position. The CEO in a meeting that their 36 Coffee Shops across Texas were losing customers when the Obits came out. I need you toi come up with a plan to entice a younger crowd to eat at Jim’s.I went to the numbers guy and asked how low could we sell a burger, fries and a coke and still make money. He came back with $2.78; McDonalds charged $3.68. So I rented every bull board that stood by every McDonalds in San Antonio with a simple message, Burger, Fries and a coke and a huge $2.78. Three of the coffee shops had grease fires, every Jim’s was packed. The district manager for McDonalds called me and told me that I had to take down the outdoor boards. I informed him that we signed a six month contract and they’ll be down in five months and hung up. At the next directors’ meeting the CEO came in and threw down a computer print out (the old fashion type with white and lite green lines and along each edge a series of holes. He shouted great news we are up $26,000 this last quarter. Each departyment head started saying that’s because of the food department, the management edepartment. The CEO held his hands up and said no, pointing at me he shouted our Marketing genius. This placed a huge target on my back. The company added a casino in Mississippi. Once a month I would fly to Biloxi and spend a few days to check up on the POP’s, set up photo shoots etc. i would stay in the Penthouse suite, paid for nothing, every evening I would visit the restaurant for dinner. They would bring out the only meal I ate on every visit. Deep fired butterfly shrimp, not just the 8 but a soup bowl filled to the brim.All of my success I owe a deep grade tide to the training I received fro my time in Special Forces to always think outside the box and nothing is impossible, just bust your butt and never give up and of course the Lord.

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Is it better to invest in income property in India or Texas?

Hey,If the whole purpose of investing is due to rental income then India is not a viable solution. The rental returns are 2% of the values for residential apartments GROSS. Calculate income tax (if applicable), monthly maintenance, property taxes and specially assessed rental tax by the local municipal.The risks involved for renting your apartment in India is higher. You need your property to be managed correctly. Can you answer yes to all the questions.1. Do you have friends/family members who will be able to collect the rent, deposit it, deal with the tenants tantrums, if there is any issue?2. What happens when the rent cheques bounces?3. Are you capable enough of evicting the tenant?The last thing you want is a tenant who refuses to leave the apartment. These situation rarely happen. However, you are an NRI and if the tenant feels that he can get away with it, then he will try to get away with it.On the flip side, rental returns in the US are in excess of 6% if you buy right. The market is monitored. If someone refuses to pay the rent, he can be evicted in 60 days. You can then personally sue him pro-bono for the damages that you face. As a landlord you can easily wreck the tenant's credit score such that the tenant will never be able to rent again. The judicial system is strong and there is faith in the system there.The only reason to invest in India would be for long term price appreciation. Buy in a pre-launch under construction project from a reputed builder in a city where land is scarce and demand is more. Preferred cities Mumbai, Navi Mumbai, Bangalore, Hyderabad & Pune. Make sure all the development approvals are in place. Pay as per the construction schedule. Keep it locked till the developer sells all units and exits the project. Sell it in the open market. Entire process will take 3 to 5 years.---PS: I have stayed in the US for 13 years. You can get some awesome deals on pre leased properties on #1 in Commercial Real Estate Online and through bank auctions.

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