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Updated over 2 years ago,

Chris McKenna's profile image
Chris McKenna's profile image
Chris McKenna
  • Rental Property Investor
  • from Gulf Shores, AL
  • Member since Sep 27, 2020
Connect

User Stats

24
Posts
20
Votes
Chris McKenna's profile image
Chris McKenna's profile image
Chris McKenna
  • Rental Property Investor
  • from Gulf Shores, AL
  • Member since Sep 27, 2020
Connect
Chris McKenna
  • Rental Property Investor
  • Gulf Shores, AL
20
Votes |
24
Posts
Commercial Real Estate Investing

Underwriting the purchase of a new RV Storage Facility

Chris McKenna
  • Rental Property Investor
  • Gulf Shores, AL
Posted

I'm a Short Term Rental Investor with no commercial real estate experience.

Looking at an RV Storage Facility and hoping to get some help with how to analyze/underwrite. 

I have List Price, Insurance, Taxes, Utilities & Revenue projections. What I'm unsure of are loan terms and a range of what makes a good investment when looking at cap rate (or other metrics). 

I can eyeball a good STR in about 10 minutes but this is a whole new world. Any help or a push in the right direction would be greatly appreciated.

Mobile, Alabama
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