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All Forum Posts by: Sonny Dhillon

Sonny Dhillon has started 5 posts and replied 36 times.

Post: Next large investment: Car Wash or Storage Unit facility?

Sonny DhillonPosted
  • Investor
  • Manteca, CA
  • Posts 36
  • Votes 10
Quote from @Juan V Lopez:
Quote from @Kevin Douglas:

@Juan V Lopez - how is the search and evaluation going? I’m actively doing a deep dive into the car wash business model and have a big chunk of capital allocated to start making offers on properties when I’m ready. Have you learned anything else interesting so far? 

I think @Nathan Gesner has great advice. I’m going to start calling around to local businesses and see if I can generate any leads! 

After the research I did after posting this, I decided to narrow my search to storage facilities. I'm attending a storage conference in Vegas in April 2022 and have been digesting a ton of AJ Osborne's content on self storage. While car washes might produce a higher dollar-for-dollar profitability, storage seems to be a much better fit for what I want – less maintenance, less employees, less things that can go wrong in the day-to-day.

Much of the feedback I've gotten on storage so far has pointed me to cold contact local mom & pop storage owners and inquire about purchasing their property. The opportunity would then be in updating their payment systems to new tech, building a strong online presence so people can book online, marketing to the local community and offering items for purchase inside of the facility (locks, moving boxes, dolly rental, etc).

How's your car wash search going, brother?
Hi Juan 
how’s your search going for self storage , I would like to connect with you . I been also thinking of car wash and self storage but like you leaning toward self storage , so wanted to see if you did get one and can share some pointers 

Post: Self Storage Investing Books?

Sonny DhillonPosted
  • Investor
  • Manteca, CA
  • Posts 36
  • Votes 10
Quote from @Michael Wagner:
Originally posted by @Matthew Rembish:

@Michael Wagner

Wow, thank you so much for your input. I subscribed to your blog and just read a few of your articles; great stuff! If you ever have some time, I'd love to ask you more questions on the phone or possibly PM. Whatever would work for you. Thanks!

 Happy to answer a few questions for you.  In the spirit of full disclosure, I do want to tell you that I offer formal consulting to folks at an hourly rate.  As part of that though, I am happy to provide you with 30 minutes or so over the phone for FREE. I promise to use NONE of that time to sell my consulting services.  My only goal would be to purge as much self storage information to you as possible in hopes of getting you started on the right foot.  IF you decide more services would be beneficial in the future, great! If not, that is also totally cool.  

PM for a phone number if you want to chat.

Mike


 hi Mike,

I'm also thinking of getting into self storage , more of toward building one because I'm in California and the one's that come on sale are at 4-5 cap and I can't seem to make any sense to purchase those and wanted to get more information how would I go about building , I do have the basic knowledge but would like to see if you have experience in it and can provide some consulting.   

Post: Property Manager Recommendation in yuba city area

Sonny DhillonPosted
  • Investor
  • Manteca, CA
  • Posts 36
  • Votes 10

We own  few mobile homes and duplex in Yuba city area and are in need for a property manager , basically to collect rent and stay on top of rent roll and be very proactive if rent not received to pass out notices.  We really need a good recommendation for an affordable property management company or some manager that communicates properly  and will not take advantage of that situation.

Thanks in advance for any help.

Sonny Singh

Post: Due Diligence Partners - Anybody used them?

Sonny DhillonPosted
  • Investor
  • Manteca, CA
  • Posts 36
  • Votes 10

hi Reid,

did you use them , i would also like to know about them 

Post: Sacramento/Elk Grove Housing Crash

Sonny DhillonPosted
  • Investor
  • Manteca, CA
  • Posts 36
  • Votes 10

currently i see massive amount of properties are coming for sale in oakland area , can you explain me why that might be ? 

Post: Sacramento/Elk Grove Housing Crash

Sonny DhillonPosted
  • Investor
  • Manteca, CA
  • Posts 36
  • Votes 10

I personally don't think house prices will come down any in Sacramento area at all , because of people moving out of bayarea will increase this year and next year as more and more people are considering leaving congested areas and have options to work from home now.   

Increase in foreclosures after forbearance and unemployment money ends.  

But this time banks don't want to foreclose and will work with homeowner to make payment arrangement and there is no unemployment in this area in reality. 

2. Lack of business reopening due to extended COVID lockdowns.

But alot of new businesses are opening up as more and more people want to get in business becuase they are getting used to working in there own hours and don't want to go back to 9-5 jobs. 

3. Crime/poverty increases.

i don't see that ,  offcourse property prices are falling in Oakland and san francisoc because nobody wants to live there going forward, but they are increasing everywhere else. 

4. Decrease in rent prices in the Bay Area encouraging people to stay and causing slower growth in surrounding areas.

I think this pandemic has changed alot of people's mind and will be changing mindsets where more and more people would want to own there own home because of the way future jobs will work and people want to get away from daily hustle bustle of congested areas. 

Post: Help With investor friendly lenders in Alabama

Sonny DhillonPosted
  • Investor
  • Manteca, CA
  • Posts 36
  • Votes 10

Josh are you from alabama as well.  I'm in california and looking to buy rental in alabama but not sure yet which area to look for ?

Post: To invest or not to invest?

Sonny DhillonPosted
  • Investor
  • Manteca, CA
  • Posts 36
  • Votes 10

@Jose Guzman look for duplex if you can but I believe after elections will be best time to buy .

Post: Need CPA recommendation in Northern California

Sonny DhillonPosted
  • Investor
  • Manteca, CA
  • Posts 36
  • Votes 10

Hello, I am wondering if someone could recommend a CPA in the stockton, ca , Sacramento are that is experienced in working with RE investors. Thanks in advance

Post: Airbnb in Lake Tahoe

Sonny DhillonPosted
  • Investor
  • Manteca, CA
  • Posts 36
  • Votes 10

@Dmytro K. I’m looking into doing same thing , seeking property in lake thaoe that I can Airbnb all year round . Maybe we can get in touch