Quote from @Jonathan Greene: Quote from @JD Martin: Quote from @Jonathan Greene: And let me just say that the true power of these forums is the people.

If the trade value of an old shopping mall is less than the build cost of a new storage space or warehouse, then it doesn't make sense to build a new storage space or warehouse, just buy an old shopping center.

Seems like it's in a lower end area so if it is filled you will have tenant issues and turnover cost.

The real prohibitive costs come from the legal, compliance, and reporting requirements of registering a security.

If the credit screening costs $25, then you earn nothing.I believe there are exceptions for a higher fee, but you have to stick to the actual cost of the screening.I would talk to an attorney before charging more than $25 per applicant.

In addition, I am considering changing my furnaces/boilers to have plug-in cords instead of being hard wired so that if there is a power outage in winter that I could power that heating system with a portable power station.

Simply put, we start off with the As Repaired/Completed Value (ARV), then subtract from that number a reasonable profit, the rehab cost (scope of work), which we've gotten good at, a contingency reserve for any "unexpecteds", our cost of capital/carrying costs (interest and costs of the leverage used), and our costs/fees on the buy and sell sides of a flip.

When considering refinancing, also factor in the closing costs of the new mortgage to determine if it actually helps you.

There are a couple REIAs in the Tri-State area, but none of them are backed by the power of BP and the incredible people that it tends to attract.

We agreed, and then they informed us after the fact that the cost end up being $2,000.00 because it was "so dirty."