Posted by Raymond Howard on January 19, 2000 at 19:56:21:
My thanks to Mark and Mike for their sincere concern and interest about reaching a feasible buy-out figure to present to my building owner... I am confused by the phrase " get the pesent value of that cash flow stream at,say 7% over 40 months... the actual figures involved are my rent of $131.39 ( increases were lost over thirty years of refusal to correct violations by present and past building owners )... and the possible income from my floor through railroad coming in at an annual $24,000 to $27,000, depending on much the place is chopped up... so that's it... my annual $1560 vs. the possible future rents... so what's a reasonable buy-out figure???...As to Richard"s suggestion that the owner will wait til I can't get up the stairs??? I've been doing it for the last thirty years and am good for at least another twenty. As they sang in West Side Story, " Smoke on your pipe and put that in. "...Again I thank Mark and Mike. Sincerely,R.
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