Purchase price: $31,000 Cash invested: $66,000 Sale price: $147,500 Converted an abandoned, condemned three bedroom, one and a half bath home with two rooms (one 30x15) unused/used as storage into a four bedroom, two bath home with family room.

For the Northeast, your average remediation would be between $10,000 - $20,000 for a small scale, but if it's been sitting, it could be worse.Your biggest worries with an oil spill from a tank and remediation are two things:1. is there a water source that it hits.

So I think you have tanked your listing.

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.

Our storage business they will collateralize at 80% of value.  

Tonight is the night, after months of work with the state, county, and city we are presenting a site plan for the city's approval and zone change.Normally, I would not pursue a zone change but when I originally went to the city and proposed storage units based on its current zoning they said they wanted more houses.

With DSCR above 0.9 there are some hope.ps: i heard one self storage guy is having 0.2 dscr 

I do think that a few of these big things will require a loan - the paving for that one multiplex is estimated at around $30k and the septic tank issue for the large multiplex would likely be even more.

Seller will financeLarge building with 3 storage bays/shops on one end1.

Hello everyone, I am a real estate investor that invests in vacant land and self storage facilities.