All Forum Posts by: Wes Salous

Agree with Matt...good points

Thank you Brian for sharing... i am looking into SS Business.

Thank you Brian for sharing... i am looking into SS Business.

Looking for some analysis in developing or acquiring Mini storage business... Thanks

Good points & suggestions...Thank you all

I would do a payment plan with Legit documentation to keep same tenants Agree with my fellow Oklahoman  Cassi 

@Michael P.

What do you mean !

Ben. Will be following you as you build your new 200 units.

Do not have much experience to offer in this field yet as I built my new 20 units this year. Lots to learn.

Good Luck 

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Cash invested: $2,500,000

Developed my own 20 units Lofts

What made you interested in investing in this type of deal?

Affordable housing is needed in the US. Stable type of investment. built to sell.
Plan is to develop others. Better cash flow than my single homes.

How did you find this deal and how did you negotiate it?

My own search . Hired a consultant to help me build it and negotiate construction bids and manage the construction together.

How did you finance this deal?

80% LTV thru a local bank

How did you add value to the deal?

N/A

What was the outcome?

N/a

Lessons learned? Challenges?

How to build a budget and proforma .

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

No