General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago on .
Invest storage Unit building Question
I have been wanting to get into some sort of real estate investment for some time. I have a cooworker who is moving to be closer to her children and her and her husband plan to sell a large building for about $100,000. It has 20 units. Its on a cement slab. Has a heated shop at one end with bathroom and sink. Each unit rented out for $50 with a waiting list.
So this would equal $1000 per month. I've seen things about the 2% rule and this comes out to be 1% out of $100,000.
I'm just wondering about any recommendations. Thought that maybe with the smaller percent could still be worth it since it may not have the potential problems that residential tenants would.
Thanks
-Ryan