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Updated over 6 years ago on . Most recent reply

User Stats

46
Posts
15
Votes
Brian Mangum
  • Charlotte, NC
15
Votes |
46
Posts

Self Storage Deal (Is it good or bad?)

Brian Mangum
  • Charlotte, NC
Posted

Hi team.

This deal was presented to me today.   https://charlotte.craigslist.org/reo/d/self-storag...

I am a new investor with NO property yet.  I hoped to start small but when I see things like Multi Family, Self Storage, and Owner Financing, I am drawn to it.  

I actually haven't ran any numbers because there are so many unknowns. 

Is there enough information from this ad to determine if I should CALL ASAP OR RUN AWAY?

If you have experience with deals like this, would you mind sharing your initial thoughts on this one?

FYI, The town of Polkton population is less than 400

Most Popular Reply

User Stats

132
Posts
97
Votes
Colleen Goldstein
  • Real Estate Broker
  • Matthews, NC
97
Votes |
132
Posts
Colleen Goldstein
  • Real Estate Broker
  • Matthews, NC
Replied

No experience, however do note that Storage was excluded from any 1031 transactions go forward.

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