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14 February 2025 | 6 replies
Now I've sold all my properties in 4 states and of the remaining I self manage in 2 states and have a large property management firm in the other 2 states.
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18 February 2025 | 15 replies
- Are you looking to self-manage the rental?
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11 February 2025 | 13 replies
This could be an opportunity to add value by offering to help with clearing or relocating those items as part of any potential agreement.Why This Could Be a Good Move for YouYou see long-term potential in the property, especially with the large lot and development possibilities (even if those are years down the line).As the current tenants, you have the advantage of a direct relationship with the landlord and familiarity with the property, reducing competition and risk.This could be a chance to lock in a property that you might otherwise lose if it hit the open market, especially in today’s competitive environment.Challenges to ConsiderIf the landlord is emotionally tied to the property or reliant on rental income, they may be reluctant to sell.Financing could be tricky, especially with today’s interest rates and the gap between the current rent and what a conventional loan might cost.The development potential you’re interested in is likely a long-term play, which means the property could be financially tight in the short term, especially if you’re only breaking even or slightly negative on cash flow.Structuring a Potential DealTo make this feasible, you’ll likely need to explore creative financing options that align with both your financial capacity and the landlord’s goals.Seller Financing: Propose a deal where the landlord acts as the lender, allowing you to make monthly payments directly to them.
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9 February 2025 | 15 replies
Hey GaryI manage about 65 units in FL and I broker for STR buyers in this market, and some do self manage.Obviously the ones who choose us for management, we can assist with all of those items, but the ones who self manage do so by building a team.
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17 February 2025 | 2 replies
I have dedicated the last year to educating myself on real estate investing and development and looking to get out of the solo day-to-day labor as a tradesman.
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16 January 2025 | 8 replies
If you are looking to start with development I would check out these resources: https://www.biggerpockets.com/blog/rookie-319https://www.biggerpockets.com/forums/44https://www.biggerpockets.com/blog/why-investors-should-be-f...
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9 February 2025 | 8 replies
Yes I am a moderator which means we filter spam and self promotion and make sure people post in the proper forums.
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7 February 2025 | 14 replies
@henry Clark has posted on BP exact detailed steps to create a self storage facility.
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16 February 2025 | 9 replies
Will you hire a developer or build it yourself?
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21 February 2025 | 3 replies
Research local economic trends, rental demand, and any recent or upcoming developments in the area.