All Forum Posts by: Lionel Henderson

@Jonathan Minerick Great info man thank you for sharing that I'm going to be exploring that option. I'm actually in the process of getting my license too so this might even be of some benefit once I do. Very valuable information Jon!

@Jonathan Minerick 

thanks for the response, where do you normally hire a transaction coordinator?

Is that different from an escrow company?

@Lou V.

Thanks for the response Lou, No special circumstance.  Just the first doing is by myself and just wanted to make sure all bases were covered. Especially in such a sue happy state. 

Hello Bigger Pockets I'm an investor out of California doing his first flip in CA and wanted to FSBO on it however I Need a GOOD Real Estate Attorney. I'm hoping I could get some good recommendation or Tips from experienced guys who have done FSBO's specifically in California.

Thanks @Scott Meyers for the info and sharing your experience. I'll definitely reach out to your team. I'm looking to pull the trigger in year and seeing that Self Storage is fundable by the SBA is very tempting having used them recently and seeing the benefits. 

I'll be connecting with you.

Hello @Jay Hinrichs if you don't mind me asking what part of the country do you own your MHP and SS?

I try to stay in the B Class areas with my rentals as well unless they are going to section 8. I see now it really does depend on the many factors for both of these assets. 

I see you have a brokerage do you have listings for these types of assets?

@Mario Dattilo Very cool I'm very interested in diving deeper into these asset types and markets. Your advice and expertise is much appreciated. I would love to connect with you directly also I sent you a request. My goal is within the next 12 month to own a cash flowing SS or MHP you've definitely helped my goals.  Thank You

@Jack Martin Thanks for adding that, in fact that was my biggest hang up with even looking at SS is that any body can build across the street and have cheaper options and kill my business. So location would be the highest concern. Or even buying in an area that's established and or purchasing an existing SS. DO you own Storage Units as well as MHP?

@Mario Dattilo Very strong answers Mario I think you have begun to sway my mind to really start looking Storage units. The properties I have now are passively owned with a great company doing the management for us. Now I live in California and invest in Indiana. I would assume out of state investing for storage units should be just as possible as rentals. Do you have storage units out of state from where you live or are they all close with in your state. Thanks again for sharing I'm really getting a lot out of your knowledge. 

@Mario Dattilo Thanks for sharing that! I have a question for you since you own both type of investments. When in comes to 

purchasing  a MHP versus a Storage facility. How you noticed a major difference in the due diligence, lending and underwriting process?

I've heard it can be tougher in the Storage space facility of how lenders view these assets as businesses as opposed to Real Property? And I guess as far as purchasing a value add property in the storage space this can also more difficult?

Thanks again for Sharing your expertise! Look forward to hearing your response.

Lionel Henderson