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19 August 2024 | 3705 replies
If I were you I would try to pull down a 10-15 unit first.Storage facilities are an interesting topic.
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3 August 2024 | 5 replies
Does anyone have a good lender/contact for a commercially zoned tourism home?
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4 August 2024 | 12 replies
I would mention here that a typical condo or single family does not qualify for the Act 60 TOURISM tax credit (which gives you up to 40% back) - the project needs to meet certain qualifications as a guest house, hotel, villas or bed & breakfast - it can be as little as 3 rooms.
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5 August 2024 | 2 replies
I also just completed the new on site laundry facility and opened it up.
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6 August 2024 | 28 replies
They are cheap, and will get cheaper in coming recession, as tourism to Vegas will decline, and they have superior growth and great management, that know what they are actually doingADC -(Agree Realty), they do what I do privately, but on a bigger scale, run by Joey Agree , very smart, they have excellent growth, multi-tenant, triple net retail, and grocery anchored Retail, they will benefit from massive secular tailwinds, as there has been under construction in retail for years, due to fear of E-commerce, higher construction costs/insurance costs, post GFC under financing-construction, etc, so existing inventory is commanding higher rents, we are bumping new leases by 7-11%, they will get this endogenous earnings growth for yearsthese should perform well over next 10 years, never buy anything in Real Estate for less than 10 years, to allow to go through cycles, and if you can buy in 401k/IRA so dividends can be re-invested tax freegood luck, you have to monitor your E-REITS like you would any other stock, closely, as they move with sentiment not just on NAV like private Real estate, so you can't just dose em w 200mg of propofol and walk away, not that you'd ever do that :)good luck
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5 August 2024 | 12 replies
I called every facility in my market, introduced myself as a burgeoning investor, and asked if they would consider selling.
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1 August 2024 | 2 replies
Congrats Holli that's awesome..We're on the hunt for RV/Boat storage land/facilities and financing options for 5+ units have become increasingly workable.
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31 July 2024 | 40 replies
Quote from @Josh Green: I personally am buying and helping clients buy in the Tampa Bay Area for a few reasons:Here, you have a historically strong and consistent tourism presence, limited land/STR allowable areas, highly liquid property compared to selling a cabin in the woods, all 9 classes of visitors in the STR sector, and appreciation.
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31 July 2024 | 46 replies
Tourism is still not where it has been before covid but I believe in a year or so it will probably bounce back to pre-covid levels.
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1 August 2024 | 42 replies
We toured their facility & having done a lot of rehab etc I was impressed with the construction & designs.At the time we visited they were building components for a commercial with high end units above a store front strip that was very well done.