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All Forum Posts by: Brian Frank

Brian Frank has started 1 posts and replied 8 times.

Post: Upcoming opportunities in South Florida

Brian FrankPosted
  • Developer
  • Florida
  • Posts 11
  • Votes 8

Have to agree with the above, but if you into buying notes, some good opportunities now. 

Post: Hard Money lender for DFW are

Brian FrankPosted
  • Developer
  • Florida
  • Posts 11
  • Votes 8

We may have some help for you if the above doesn't fit your needs, Pm me. 

Post: Hard Money or Conventional Loan? (and rehab)

Brian FrankPosted
  • Developer
  • Florida
  • Posts 11
  • Votes 8

Kat

i always go for the cheapest money when possible. A lot depends on the project, but i have seen hybrid financing over and over, Just run the numbers. If they don't work, they don't work, don't force a deal. 

Post: How would you invest $1 million?

Brian FrankPosted
  • Developer
  • Florida
  • Posts 11
  • Votes 8

I would do the same, i would maybe start an additional project. 

Originally posted by @Taylor L.:

My concern with self storage is that it is overbuilt in many areas, particularly primary markets. It's so frequently touted as recession-proof, but no industry is immune to supply and demand.

 Great points, the research and time to build each one is an art. We have done this over 100 times thought, with 100% success rate. Is a great business. 


We did have some challenges with this corona of course, but we are still in the black....thankfully. 

Originally posted by @Michael Wagner:

Love Storage and agree with your assertions here. We are currently finding our best deals in the SE. Florida, Georgia, Alabama, NC and SC. We also own in PA, MO and IN. We try to "compound" our buffer to recessionary forces by focusing on neglected properties in small tertiary markets with favorable supply/demand. Generally speaking we try to by at or near $0.50 on the Stabilized Dollar.

 Great to hear, also seeing some great opportunities in some of those areas. Thanks for sharing

I am currently into Self Storage projects in Texas, Florida, Georgia and other places. This market is growing in demand because of the high level of migrations but there is a new paradigm forming from covid / coronavirus. So many businesses are going into remote work from home. The onslaught of downsizing is causing a slew of people and businesses to store their valuables and furniture. I am moving away from commercial leasing because of this. I am always seeking opportunities in Commercial Real Estate in areas with max cap rates, especially with my cash sensitivity, that can offer the lowest costs of build-outs and operations with high yields. Alternative projects like medical and senior assisted living are also what I'm moving towards because I think in the new developing economy, these are going to still be in demand and may even be eligible for subsidies.  

I live in Florida and work wherever the best deals are like Texas real estate. I love discussing Commercial Real Estate and the economics of CRE. Trends and forecasting real estate in any market are always discussions I love. Experience I have is hard earned and your experience I'll take at a 10th of the price! Please share and discuss with me. Lets make money by paying attention.

Post: $10k to invest..... Hard Momey Fix & Flip or Rentals....

Brian FrankPosted
  • Developer
  • Florida
  • Posts 11
  • Votes 8

Hate to say this, but under 50 - 100k is hard to get started. Maybe find a few friends and get 50 - 100k together? Put in a corporation, and go from there. Ii is how I started.