All Forum Posts by: Daniel Murphy

@Ronald Rohde Are you referring to my post? If so, you are wrongly mistaken. The owner started the company back in 2009 in Marietta, GA and has grown the business to 70 plus locations in the Southeast. It looks like you're in Dallas, the company actually recently opened a location in Irving, TX. The property is in the process of getting electrical right now, please stop by and take a look; https://www.loopnet.com/Listin...

I'm not sure what your question was about leads in TX...we get a lot, so we're actively looking if you have any Industrial properties available. 

@Joshua Stein, I agree with @Jin Lee. I'm a long-term lurker, but am now just now starting to actually post. A couple of hours ago I made a new post about Outdoor Industrial Store and Truck Parking. I think both of those topics are going to trend up for the next several years. If there was already a "Group" of or groups that already existed on those topics, I could start there and immediately find my people and likewise people in that area finding me, as opposed to an Intro thread that could get buried with details and not ideal for multiple people trying to chat and share at one time.

Do you have a property in mind? The truck parking business in theory is relatively simple concept, it's the management of people and systems where it can get difficult for most operators. 

When I first joined StoreMyTruck.com back in August of 2022, I came on here to the BP forum and I noticed that there was not a lot of info. about the Industrial Outdoor Storage (IOS) space nor was there a lot of info. about the truck parking biz. I'm posting here and staking a flag for folks that might be interested. If you're not familiar with StoreMyTruck.com, we are one of the largest truck and trailer parking/storage operators in the U.S. The company was started out of Atlanta and grew throughout the Southeast from Texas up through North Carolina. Since joining SMT, I've been able to expand the business into VA, and focusing on our expansion into the Midwest markets.

Besides specializing in truck parking facilities, we also have a lot of Class C buildings on our properties that we utilize for trailer repair, offices, distribution facilities, etc. The concept is really starting to catch on and I'm super excited to be a part of it.

Like I wrote in my bio, if you have questions about IOS, the truck parking biz, Industrial Class C buildings/clients, feel free to reach out or if you just want to talk shop. Looking forward to connecting with others to both learn and share!

Hey all,

I've come back to this thread several times the past few years, and like Melody, I'm just finishing GoBundance's Emerge program. Jamie Gruber, who was the guest on episode 436 of the BP Real Estate podcast, started the Emerge and Ascend program and has done a few iterations since launching in NOV of 2020, I believe. I was in the second group that started this past January and I am just now finishing the last week of the 12-week program. I want to say I paid around $800 and I recommend the program. 

Emerge is all about learning the concepts of the GoBundance tribe and working on a goal for 12 weeks. While working towards your goal, you have homework assignments each week and meet with accountability partners, then groups, as the program develops and you progress. I can say that I personally benefited from the program, with the biggest success being that I increased my horizontal income by 300% (I started at $8000, so it's not nothing, but not a millionaire by any means yet either). Others had goals like putting in offers and purchasing properties, many of whom achieved that. My accountability partner lost 30 pounds during the 12 weeks. 

It's a good way to find other people that are looking for growth and achieving more in life. Towards the end of the program, we were place in accountability groups, which were like mini-masterminds. I met a lot of great people within my cohort of around 40 and it was also a great opportunity to get exposure to people in the GoBundance tribe. If I get an invite for Ascend, I'll probably do that and if so will give an update on that down the road. 

Bump. I'm approved for a small HELOC and looking to purchase three single family homes in a small town west of Columbus. I'm just beginning to look for a team. I'll need everything; a realtor, a property manager and a contractor.

I'll look into smaller banks before going the hard lending route then. Really appreciate the quick and honest feedback. 

Hello,

I was turned down by three bigger credit unions in my area when I tried to get a HELOC. I finally got a approved by a neighbor credit union recently, and I ended up getting the lowest interest rate; so it turned out to be a blessing. I have credit score above 730, and no credit card debt. My debt to income ratio is pretty good, not great. My car was recently totaled in accident, so I have a car payment for the first time in over a decade. The reason I was getting denied was that I was late on five mortgage payments the last few years and for a credit card I had back in 2016 (while I was in grad school). Long story short on late mortgage payments was that I can't set up direct payments, and there's been times where I've went to pay and the bank's site has been down so then it slipped my mind. I was never late more than a month. Totally stupid, but it wasn't until I started trying to get a HELOC that I learned what a big mistake it was to be late on mortgage payments.

So anyways, not perfect credit history, but strong in credit score, debt:income, and income (salary). My original plan for the HELOC was to use some of my equity to put a down payment on my first rental property. After learning more about the BRRRR strategy (thank you Brandon and David), I realized that it might be beneficial to use the HELOC for repairs and capex for a property, and initially finance through a hard lender. I'm nervous though, that I could run into issues with a bank trying to refinance because of the same issues that popped with my pursuit of a HELOC. Part of me feels like I could prevail with refinancing, just like I had to with a HELOC...keep taking no's until I get a yes. I'm curious to hear more from experienced REI's though.

Thanks so much for your time and assistance!

I just started listening to the BP podcast a few months ago. Whenever I'm cooking, cleaning, driving, etc. I'm listening to older episodes on Youtube, and I just listened to this episode. I'm curious if anyone ever mentioned that they got the analyst job with his company and wrote about the experience?

The most recent podcast episode of BP had several panelists that started or were involved with GoBundance, I guess M1 was at one point related, but I'm curious if they sold it off. M1 is for people who have less than $1m in assets, There's multiple BP conversations about M1, but very little feedback on if it's worth $700/mo. I'm holding off until there's more validation from BP members.