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21 January 2025 | 13 replies
You start by mentioning your age... you'd need everything to go just right for the rest of your life to make, best case, $400 or less additional each month net cash flow.
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13 February 2025 | 17 replies
My 13th hour cancellation was someone who had booked for 3 weeks and after a week announced that her plans had changed and she was leaving the following morning.
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24 January 2025 | 0 replies
Over time, as you build more properties, the cash flow and equity from each one can be used to fund future investments, creating a cycle of growth.Why BRRRR Works: The BenefitsThe BRRRR strategy offers several benefits that make it appealing to investors:Leverage Your Capital: The ability to pull out equity through refinancing means you don’t have to wait years to accumulate wealth.
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22 February 2025 | 14 replies
Adding Value to Your WarehouseTenant Quality & Lease Structure: If your current lease is below market or lacks favorable terms (like annual rent bumps, triple-net structure, or long-term commitments), renegotiating could boost value.Energy Efficiency Upgrades: LED lighting, insulation, and solar panels can make the property more appealing and cut operational costs.Loading & Access Improvements: If feasible, adding dock doors, better truck access, or high-clearance storage can make your space more attractive.Flex Space Conversion: Depending on demand, creating a small office buildout within the warehouse can appeal to tenants needing mixed-use space.Diversification ConsiderationWith 70% of your income tied to this one property, diversification could make sense, but if it’s truly hands-off and cash flowing well, you may not need to rush a sale.
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23 January 2025 | 15 replies
@Casey GrahamAggregating 100 doors in a growing market could create significant value for an institutional buyer.
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30 January 2025 | 6 replies
When evaluating a property management company, it's important to look beyond just the management fee and consider the full scope of services and costs involved.For example, at our company, we charge a 10% monthly management fee, a $250 lease renewal fee (unless it’s a takeover tenant, which requires additional effort to establish a strong relationship - because usually people are changing pm companies for a reason), and the first month’s rent as a leasing fee.
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27 January 2025 | 48 replies
Or do you get all of the information in your life from Reddit?
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6 January 2025 | 25 replies
Now the tricky part is creating your underwriting standards and system.
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27 January 2025 | 2 replies
I do have a third goal, but too much will happen by the time my second goal materializes that my third goal will likely change drastically.Also, I tend to find myself wanting to ask market-specific questions to agents/lenders/investors/contractors/etc. a lot.
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13 January 2025 | 31 replies
Changing careers can certainly be a challenge, but it sounds like you're equipped with a solid foundation thanks to your sister's support.