All Forum Posts by: Jason S.

Dang, I've come a long way since I wrote this.  I am now a Self-Storage owner/operator/syndicator and have developed my own syndication deal analyzer tool which I sell on my smart storage group site.   

Hi Chip! That is exactly why I built an entirely new social networking site dedicated to self-storage investing, Smart Storage Group. In the community (link in my bio) you will find members to network with, articles on self-storage, self-storage investing, and I also have a syndication deal analyzer tool. I would be honored if you were to join. BTW...it's free. All the knowledge is FREE! No coaching upsells. The deal analyzer tool is the only thing that costs (took some time and effort to get that working!)

Investment Info:

Other commercial investment investment in Columbia.

Purchase price: $850,000
Cash invested: $350,000

131 Unit Self-Storage Facility

What made you interested in investing in this type of deal?

Self-storage cashflow and recession resiliency!

How did you find this deal and how did you negotiate it?

A lot of hard work.

How did you finance this deal?

A local bank.

How did you add value to the deal?

Based on current NOI.

What was the outcome?

So, far we've increased the NOI by approximal $2000/month in 3 months!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Just lenders and the broker on the seller side.

What underwriting tool are you using in the acquisition of Self Storage properties? 

Currently, I am using Real Estate Financial Modeling V6.1 tool. Anyone else using this tool? 

Pro's v Con's? 

Other tool you are using?

Anyone here invested in multifamily in Savannah, GA?  Thoughts on the market?  Go investment place? 

@George Hoover Got an OM you can PM me please? 

Hi all,

I have a group of investors interested in multifamily properties in and around the Sacramento area.  We are focused on 10 - 30 unit buildings in the B and C class and from 80k - 125k per door range.  

Does any one know a good listing broker in the Sacramento Area?

Thanks! 

Hi John @John Conte

First off welcome! Multi-family investing is the way to go. Forget SFH's. St.Louis NO. Cleveland NO. They are affordable for a reason!!

Columbus, OH YES! Increasing population and increasing job growth = appreciation and rental income growth. 

Quick Stats for Columbus: 

Estimated median household income in 2016: $49,602 (it was $37,897 in 2000)

Estimated median house or condo value in 2016: $140,700 (it was $99,100 in 2000)

Crime: 414.8

Job Growth: 1.04% 

Population 2000 = 714,984  Population 2016 = 860,000+

Sources: 

https://www.deptofnumbers.com/employment/metros/

Read more: http://www.city-data.com/city/Columbus-Ohio.html#ixzz5M7GH4OlY

https://www.google.com/search?q=Columbus%2C+Ohio+p...