Doing any type of development deal is not an easy thing to do as there are many different ways to skin a cat...

They will often want a new building constructed and building today with labor and materials is very expensive versus retrofitting existing building.When I buy value add vacant buildings the goal is to double the return on investment within a 3 year period.So if I can use the existing building and retrofit to same concept ( example previous burger inc. but now Whataburger wants to come in ) then not as much tenant improvements to convert.So if rent 20 a foot for 5,000 ft that is 100k NOI NNN a year. 7 cap value is about a 1,400,000 stabilized valueSo if I buy it for 400k and have 300k in it more 700k to get new tenant in the value is then around 1,400,000 based on NNN 20 a foot and a 7 cap rate exit value.If you want a premium price then you would need to sell to an end user tenant ( regional or national in nature) that wants to buy the building and put their concept in there.

In all, we were able to do a cash-out refinance after 1 year and got our entire investment, including down payment, back into our personal accounts and we still have a cash flowing property.The beauty of smaller town and communities is that often big-time investors are not looking at them as closely and they can cash flow quite well, at the sacrifice of "natural" appreciation.

have you looked at new builds in columbus as a strategy given the competitive nature of other strategies you mentioned? 

Numerous costs are associated with real estate transactions, so it's critical to have a clear picture of your financial status.Due to the constant nature of the real estate sector, it is imperative to remain up to date on new tactics, market trends, and industry developments.

Consulting" was legal verbiage as we couldn't state a "deposit" for some reason.This was a while back when composed and for the purpose of investors having skin in the game before they get me burning rubber with pitching deals, answering questions, etc...Plus, if I don't like someone I don't have to sell and just refund the $5,000 "consulting" fee (Happens 9 times out of 10) 🤷‍♂️As you know, our operation is boutique as we prefer it that way and I "touch" all investors personallyAnd even prior to that step we have tweaked and tweaked our investor on-boarding process.How to pre-qualify leads via POF, auto-responders, VA's reaching out with email questionnaire's, FAQ's via our website and so forth.A rigorous process to ensure both the investor criteria and our model are clear for all...I mean it took years and years to develop, adapt, change, etc...But I guess that ain't clear enough either for some 🙈

That's the nature of the business.

Growing Population and Infrastructure Development**: Mobile's population continues to grow steadily, driven by a mix of natural population growth and inward migration.

Things you hope people do for you naturally.. but you can never HOPE. 

Heating costs go up in winter, as does electricity due to the reduced natural light and more people indoors.