Who needs a Market Study Completed? Multi Family or Self Storage

[Andrew Wydra]

BP Nation,

Here's the idea: I've been thinking about this for some time and woke up this morning telling myself to stop putting it on the back burner. Idea: Volunteer my services and use what I'm proficient in to help other like-minded people. This is a “favor experiment” for me, as I may pursue this area of real estate full time – it’s what I enjoy doing! Read more about my experiment under “Why I’m Doing This”.

What I’d Do: If you are looking to invest in a new project, you need to do your due diligence. Find the facts before you commit to any project! I can help develop an in-depth Market Study based on an area/opportunity you are working on. I have completed hundreds of these types of analysis for acquisition and development deals. They are mandatory if you are looking to invest in any asset before you commit your capital/time (it’s also a great way to negotiate a better deal with the seller!). Below are some areas my past surveys have included.

• Competition Analysis
• Occupancy Rates
• Rent Historic Growth Rate
• Rents / Costs by unit type, class, square footage
• Demographics / Employment Forecasts
• Construction Forecast
• Sales Comps
• ETC.

Interested? Reach out to me and let me know what you are looking for for your project. I will let you know if I’m the right person to help. This is a side project for me so I want to make sure I take on projects that will receive the most value from it. 

Why I’m Doing This – The Favor Experiment? What I mean by Favor Experiment: by helping others, you may help me validate a business idea. I have worked in almost every area of real estate over the past 13 years. My niche, and what gets me most excited is deal analysis, acquisitions, due diligence, financial analytics, and deal structure. I have assessed thousands of deals for myself and others. Multi Family and Self Storage have been my main focus but I've also done land development studies. The experiment is to see 1) if I want to shift my focus and do this full time. 2) Does it have value for people, can I create software that myself and others can to help this process 3) should build a company around it 4) I want to work with other big picture, like-minded people!!!! I get energy from others like myself who want to bounce ideas/concepts off others.