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20 January 2025 | 3 replies
Where are your scheduled gross rents and effective rents so far in the last T12 months so we can figure out offense and defensive strategies.These would be the questions we'd go through in planning your steps ahead.
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30 January 2025 | 62 replies
Stuff that may be a head scratcher as to "well why did they not mention this at all, I mean, holly-cow this changes everything".
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22 January 2025 | 7 replies
@Luke Spencer I am not on the management side but I can tell you it took 2+ years to fill 300 units at one of our facilities and the other just hit 300 units in 12/13 months so it really depends on the demographics, and local housing market trend, the more people moving in and out the higher the demand for storage.I think if you're looking at a saturated market then the upfront cash to turn the warehouse into self storage is not a good idea but then again, maybe those operators are on back roads ( low visibility ) and don't push google ads well.
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14 February 2025 | 37 replies
I am on it, but the sellers are not flexible, and they are ahead in this STR game.
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27 January 2025 | 6 replies
Nor will you get a Constable to go with you if you have not confronted the issues ahead of time......unless you encounter physical violence or a threat to your life, I highly doubt you will get any support in giving an eviction notice to a tenant.
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5 February 2025 | 205 replies
I think part of what keeps everyone pushing forward is see everyone else continue to roll up their sleeves and put the work in.
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21 February 2025 | 26 replies
This is a very common issue that it seems a lot of LO's do not understand so they push borrower's to higher priced DSCR loans. or, they are not even licensed to sell anything else.
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13 January 2025 | 45 replies
You're already ahead by putting yourself out there.
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28 January 2025 | 19 replies
Wait for her to bring it up.Don’t focus only on sacrifices and future payoffs.Highlight near-term benefits, not just “someday we’ll be rich.”Don’t force or bribe her to attend meetups.Invite her but dont push itDon’t try to teach them to analyze deals.Focus on what excites themFYI I had to deploy before my wife got on board.
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3 February 2025 | 25 replies
Not sure if you own or rent your primary home, but not all DSCR lenders will lend to first time homebuyers and/or first time investors...just a heads up.