All Forum Posts by: Paul T.

Hello all,

Thank you for taking the time to respond- I’d like to reach out to each of you and learn more if that’s ok. I’ll shoot you everyone DMs- thank you! 

Does anyone in this forum invest in self storage syndications? I’m curious about your experiences and the Sponsor’s projected hold times vs actual hold time. I’ve seen Multifamily holds between 3-7 years, but have seen self storage between 1-4 generally.

I am also open to investing in any local/regional syndications if anyone is sponsoring. I am not currently an accredited investor but am able to contribute 50k/year into funds. DM me if interested.

Hello everyone, 

Thank you for your responses! This was all extremely helpful! 

Hello all,

I'd like some input and feedback on underwriting NNN deals; is it simply subtracting debt service(s) from NOI over the course of the lease? (Of course adding rent bumps, etc)

I know each lease is different and landlords may cover additional expenses with NNN such as the parking lot, but as a first-pass, "quick and dirty", is this a good way to start? Am I missing a key component?

Hey Marco, 

Thank you for your response, that's a very fair point. Do you invest in any NNN properties?

Hey Ronald, will do. Thanks! 

Hey Ronald,

Thank you for your response. At this point, I'm looking to take my property lists and filter for only properties with NNN leases. I was hoping someone in the NNN space who buys off-market deals could lend me a few tips on how they narrow their lists down before doing direct mail campaigns.

Can you explain what you mean by "manually decide that?"

I am searching for properties that haven't been sold in the 3 years and are larger than 10k sqaure feet- sorry for the confusion. I'd love to connect and talk more about it; would you be open to DM? 

Thanks!

Hello everyone,

I initiated a direct mail campaign and am starting to get calls back; however, I can see already I misfired with regards to filtering more. I am looking for NNN deals on Industrial and Large Retail Plazas in Central FL or large metro FL areas. I used Propstream to build my list and used these parameters:

target county area - multiple

owner-occupied - no

occupied- yes

off-market - yes 

asset class - industrial 

length of ownership - >3 yrs

last sale date- >2019

>10k sq. ft, 

My goal is to find deals with NNN owners/companies only, I do not want to get distracted. Can anyone provide me some advice on additional filters to find NNN leases only on off-market deals? Is it possible without brokers? Is this viable through Propstream? I was thinking of pulling lists next time around with larger sq/ ft to start.

Please give me your blunt takes, I need to learn and do not mind hearing reality checks. 

I'd love to discuss this topic with someone either on forums, DM, phone, email, or text- I am looking for new connections and would love to talk! Thanks! 

Hello everyone!

I am looking to get in touch with any self-storage owners/investors in the Central Florida area to discuss their experiences in the business.

I am currently working in Finance and am ready to begin investing in CRE; specifically, self-storage. I I've read countless books and am ready to take the plunge into action. If anyone would be willing to DM me for a call, email series, or maybe a meeting- I'd be greatly appreciative! I am willing to drive all over Central FL to make this happen...whether it be Gainesville or Lakeland.

 If you wouldn't mind talking to a newbie for a few minutes, I couldn't thank you enough!