All Forum Posts by: Steven May

We have a new self storage facility in Missouri we just put under contract that we are happy to chat with potential LP's about what they are looking for!

Growing Wealth in Self Storage by AJ Osborne. Storing Up Profits - published by BiggerPockets on their website. Both can be found on Amazon.

Can't go wrong with just a simple single family home that is turnkey to get your feet wet in investing or purchasing a single family home that is already tenant occupied so you get some day 1 cash flow. If you have the funds - get pre approved. Choose what agent you liked the best if you are planning to invest in your local market. Have them start a search for you or basically ask them to find you a deal on MLS that fits your criteria whatever that may be - 5-10% below market value with 6-8% cash on cash return. If analysis looks good, make the offer and take the plunge - you should have a standard 10 day inspection period to figure out any final details or ask any questions you may have skipped and can get your EMD back if it doesn't fully check out. At some point you will have to take the plunge and learn along the way - I listened to all the books and podcasts myself as well, but actually putting a house under contract and getting it to the closing table is a whole new learning curve that should be exciting. The first deal does not need to be homerun deal but a simple single or double would be great!

Hey Joe - happy to assist and chat. I do quite a bit of small multifamily. And yes, I invest myself - check out my profile - 8 million in real estate owned at this time. 

Jennifer - I do represent buyers who purchase turnkey houses on the market, on the MLS, tenant occupied and/or vacant. We have property management companies we then put in place depending on who you feel is the best fit for you and the deal. Happy to chat about some options here in Kansas City!

Investor and agent here in Kansas City. I work almost 100% with out of state investors as boots on the ground here. KC is a great market for cash flow. I think we can find you that criteria you are looking for.

I purchased my first two self storage facilities by doing a search on google in a specific area and doing a full skip trace process. Very similar to what you have done with houses. I always look for the ones with no websites or that look run down from pictures or that have terrible google reviews. Use the county GIS website to type in the address of the facility, if its in personal name then I use fastpeoplesearch.com to try phone numbers and if their is a LLC, then doing a search on the state entity search website and then finding the owner of that LLC and doing the same process of finding a phone number. Build rapport and ask solid storage related questions and see who is willing to sell.

Awesome - congrats on the purchase!

Great location! I have a STR in Waldo that does fantastic and have assisted several OOS clients purchasing STR in and around KC Metro. How large are those units? At that purchase price it seems it would be difficult to cash flow at all even with STR on both sides. Are you projecting 10k+ gross income months consistently?

We are still actively doing several small multifamily deals throughout Kansas City. Alot in the submarkets like Independence, Raytown, & Blue Springs. We have not seen multifamily adjust to the higher rates like SFHs due to lower volume but of course it is the slowing of winter time. We hope to see inventory pick up here but cap rates will remain steady.