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Updated 8 months ago on . Most recent reply

Chad Thompson's profile image
Chad Thompson's profile image
Chad Thompson
  • Investor
  • from Alabama
  • Member since Jul 12, 2020
Connect

User Stats

8
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2
Votes
Chad Thompson's profile image
Chad Thompson's profile image
Chad Thompson
  • Investor
  • from Alabama
  • Member since Jul 12, 2020
Connect
Chad Thompson
  • Investor
  • Alabama
2
Votes |
8
Posts
Buying & Selling Real Estate

Deal or No Deal..??

Chad Thompson
  • Investor
  • Alabama
Posted

I have been offered 32 unit Mini Storage. 
After closing cost  I’ll be at 250k. 
built in 2017. 

2600.00 MO income. 
rents can be raised some not much right now. 
80% LTV I'll be out of pocket 54,000.

My thinking is the storage unit at 2600 mo is much more wiser than 54k in the money market at 5.2 %. 

Thoughts ???

Tuscaloosa, Alabama
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