All Forum Posts by: Deren Huang

Interested to see if there are any local self-storage investors here? Or are there any interested people?  I have an interesting deal in the pipeline and wanted to bounce it off someone experienced. 

@Wade Reeves

Should be under local forums, and if you looking for sale, BP has a marketplace where you can look at listings.

If you are looking for something specific I could set up an auto email if you would like. PM me

Liftmaster Foundation is who I recommend. 

Great to see another person from Tulsa! Scott does a luch meetup here in Tulsa maybe once a month. And I try to put on an evening meetup once every other month.

Would be great to see you at one of those.

This would be great. Sorry I can't really contribute, I actually shop at Lowes exclusively based. 

@Joe Villeneuve

Control of asset, immediate equity, 0% interest rate, loan pay-down. 

@Joe Villeneuve

I just did a deal where the seller financed at 0% interest but on a 10 year amortization. Taking into account 20% of rents due to vacancy/repairs etc. it will negative cashflow. 

But I bought it with equity, in a great area, also if I contract for deed, it would cashflow, but I want to keep this one. 

I'm also planning on doing another deal, Seller is carrying back 20% of the mortgage, at 0%. I will be out of pocket 0, but since 2 mortgages and all the units are underperforming it will be negative cashflow. 

@Joe Villeneuve

Like I said, I would err on the side of "No, don't buy a rental with negative cashflow." But wanted to give a holistic answer. There are certain circumstances where buying a rental with negative cashflow is okay in my book. 

@Joe Villeneuve

Absolutely! But it technically cashflows... there are a lot of factors to calculate, cashflow is only one of them.

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