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SW MN - mt. lake/windom | You comment that the larger producer is lower risk, do you know this? It is not uncommon in the industry to request financial portfolio from producers that you are going to join partnership with. That is where I would start. Then the second consideration would be your current 1000 hd spaces, are you discontinuing use on this space? If not will current or new producer sign addendum to lease for continuation of these spaces? what happens to cashflow if 1000 hd spaces are gone? If it is not in writing, talk about current spaces means nothing with new guy, current guy you would have to judge that relationship and decide. 1.2 or 2.4k i'd say that is your call. 1200 hd barns still in high demand and with movement toward ABF smaller sites may be in higher demand to some people. 1.2k will probably cost 5-10% more than 2.4k site depending on infrastructure available. depends if you want to invest 350k or 700k. | |
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