All Forum Posts by: Kesha Hamilton

This will be my first multifamily project (I've done residential). And since it's my first, I'm looking to stay at about 20-25 units max. 

I know it's 4 years later, but I'd love a copy of the template if you still have it. Please let me know and I'll dm my email address. 

Thank you all!

I have a list of all multifamily in my area and wanted to know what's the best way to approach them by mail since I don't have their number. Should I send them a handwritten/yellow letter, or a more formal, typed professional looking letter?

@Senate Eskridge, thank you SO much! This information you've provided is very helpful! I will definitely let you know if/how I proceed with this venture. 

@Senate Eskridge, 

Yes, I will definitely be checking with the zoning department to confirm...There are several restaurants along that street where I'm interested in placing it, but I am learning "food trucks" may require an additional layer of approval.

And we share the same vision for this type of venture--power, water, picnic tables, etc. I just came up with this particular idea about 2 weeks ago; So I'm still in my due diligence period--trying to gauge what to charge for lot rent, scouting out locations, reading forums like this one, researching set up costs, etc. I live in Memphis and there's only one food truck park here and it's a hit. The feedback that I've seen is that the people want more of that. I spoke with the owners of that park and was able to get some preliminary information.

I'm still in the process of gathering costs, etc., to see if this will be feasible for me. By chance, did you get to the point of getting estimates for any of the things you mentioned?

Hi, did any of you go through with this?? I am looking to do the same- purchase land and lease to food trucks, ie a food truck park. I actually meet with the land owner this weekend. What should I know if I decide to pursue this? The land is in a prime location. 

I have an opportunity to purchase 47 acres of land in a small, rural town in TN, and want to use it to create passive, residual income. I've considered several ideas- leasing to hemp growers, creating a RV park, leasing lot space to mobile home owners, doing ground leases to retailers, etc. I am very much leaning towards leasing to national retailers.

I'd like some advice on where to start with this. I've reached out to the real estate departments for Family Dollar, Goodwill, Chick-Fil-A, etc, to get information on what their requirements/criteria would be to expand into a particular market, as well as consider a ground lease for a particular location. I've messaged the reps on LinkedIn, FB, etc. So far, I've gotten no responses. I'm trying to do as much due diligence as possible before solidifying the deal. I'm also open to other ideas. What should I look for? Who do I reach out to? Do all retailers consider ground leases, or specific ones? If I get only one "yes" from a retailer I'd be comfortable with solidifying this deal with the property owner.

Did you ever go through with this? I'm also looking for land to set up a food truck park with the sale goal- passive, residual income.