Was asked in a DM what I thought about a specific Self Storage Syndication, so reposting here.Note:  We buy and develop Self Storage. 

Hi @Julie Philpott it depends where you are in Franklinton to feel the full effects of those new developments.

https://portal.ct.gov/decd/content/community-development/04_...Thanks so much!

As I've observed, after a down period, the market tends to recover and show growth for approximately three years.Timing the market is a skill every real estate investor should develop.

Here’s how I’d move forward:Get a Real Estate JobLook for steady-paying roles like property management, admin work at a real estate office, or project coordinator with a developer.

One of the reasons I asked the question is that it seems strange to me that a property management wouldn’t take anything upfront if they inherited a house that wasn’t ready for rent .Our property management also does the cleaning ( deep clean over 4 days was $1000 but they had to deal with some nasty pet hair , fleas etc)and that included some cover up paint etc .One lesson learned here is every contract with owner : property management varied greatly it seems from what is needed .But moving forward - I feel that $500 a month on a $2100 a month property is too high once it’s rented - unless endless problems persist of course ..thanks for your insight!

I'm a Fractional CFO for real estate developers across the country and I ran the numbers on this deal and I estimate that if you look to a bank for a DSCR loan, you'll need to put 50% down.

The best way to do this is develop a great working relationship with a real estate agent or escrow officer and they will provide you with reports for free. 

I want to expand to doing ten monthly flips with a few developments.

I work as a part-time CFO for several real estate developers like yourself and help them through similar challenging times.