Purchase price: $940,000 Cash invested: $250,000 I purchased a Self-Storage Facility.

Asking price is $998,0002 duplex units on 1 acre in good location.It's been on the market for a while, so I believe we could offer slightly above $900,000 and be considered.I would increase the rent after updating each unit.

Hiring a local property manager can save you a lot of time, stress, and potential legal headaches, especially in a market like KCMO with evolving tenant laws.A good PM isn’t just about handling maintenance calls—they should optimize rent pricing, screen tenants thoroughly, and ensure lease enforcement so you don’t have to.

Getting that first property is exciting—and yeah, NYC is no joke when it comes to price of entry.Honestly, a lot of people I’ve talked to in your shoes end up finding better opportunities just outside the city.

The price is about as low as you can go in Southern California.

That said most folks have price targets and if large complexes are conceding 1 or 2 months on the 1st year lease, itll put downward pressure on your rent to some degree. 

In addition to your down payment, plan for closing costs (around 2-5% of the purchase price) and set aside at least 3-6 months of expenses for repairs, maintenance, and vacancies.

And there are still deals here that cashflow and have appreciation potential at affordable price points. 

It should include details like the purchase price, property description, and terms of sale.

I wanted to clarify that $2m was the collective asking price.