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10 March 2024 | 3 replies
We have several self storage locations ( most full from online search).
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13 March 2024 | 7 replies
I'll let other LPs fund a Boston multifamily expert's likely expensive education on the challenges of the self-storage business in Nashville. - How are the deals you purchased in the last three years performing?
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12 March 2024 | 17 replies
"For purposes of enforcing the due-on-sale (or due-on-transfer) provision, if any, in the security instrument, theservicer must consider all of the following situations to be a transfer of ownership:- the purchase of a property “subject to” the mortgage loan,- the assumption of the mortgage loan debt by the property purchaser,- any exchange of possession of property under a land sales contract or any other land trust device, and- in cases in which an inter vivos revocable trust is the borrower, any transfer of a beneficial interest in thetrust."
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12 March 2024 | 11 replies
You don't want to start a relationship to learn about storage units and then find out they only invest in single-family homes.3.
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11 March 2024 | 0 replies
Business owners looking for storage or car fanatic looking to securely store their "toys"How did you find this deal and how did you negotiate it?
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12 March 2024 | 5 replies
You don't want to start a relationship to learn about storage units and then find out they only invest in single-family homes.3.
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10 March 2024 | 1 reply
I am looking at either building storage units or buying a rental property I just dont know where/how to start.
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9 March 2024 | 6 replies
I had wrapped my head around residential not around commercial, But to me the deal seems amazing - you guys tell me 8000 sq. ft building7 storefronts on an active downtown street (all rented and currently have tenants)34 unit mini storage in back lot (29 units rented - the rest of the unrented are being used by the current owner)Asking price is $798,000 and owner is ok with seller financingAfter sitting with them today the owner who is 83 said he is ok seller financing and verbally agreed to $715,000 and a 4% interest rate, 30 year note, $100,000 down payment, no early payoff penalty - my lender and real estate agent both came back valuing the property as it sits at $840,000Income = Rentals ($5075) Storage Units ($1935) = $7010speaking with the owner he hasn't raised the rent on either the storefronts or mini storages for almost 10 years - looking at comparables in the area we believe we can raise the rent and storage units easily to push the income up to $10,000 a month 4 of the 7 Tenants have been there 5 years plusCost = Including estimated payment, taxes, insurance ect. would come to a monthly of = $4450that would cashflow $2560 a month at its current with the potential after purchase and rent adjustments cashflow $5460 a monthPending an inspection the property looks in good shape with little to none improvements needed at this timeA quick background I have had rentals before on the farm we own, three houses we rented out so I have some experience) My QuestionsIs this a good deal???
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9 March 2024 | 1 reply
I am currently looking into building an RV and boat storage from the ground up.
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7 March 2024 | 3 replies
Any good website or programs to use for finding the demand for Self storage ?