There was quite a bit of unused land and the zoning gave me some flexibility if I wanted to expand various aspects of the property.Also the self storage units were all below market rent and the seller was willing to finance at a decent rate with a 5 year balloon.

Cash out $100K every day for the next ten days to avoid moving the market.

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

The owner was motivated due to personal circumstances and wanted to avoid the hassle of listing the property publicly.To negotiate the deal, I started by understanding the seller’s priorities.

For example, using 70-80% leverage could preserve your cash for more deals while maintaining strong returns.A blended approach might work: pay cash for smaller deals to avoid delays and borrow on more significant properties to spread risk.

Your other questions are better suited for an attorney to avoid misinformation.

My current situation is, in part, a result of playing it too safe and avoiding risk altogether.

Transitioning from construction equipment rentals into full-time real estate must have been a big step.I can relate to your passion for finding deals and helping others reach their goals—it’s such a rewarding aspect of being in this industry.

How should I phrase my interest in the property to avoid coming across as pushy or insensitive?

This approach simplifies the sale and avoids unnecessary legal or tax complications.If she want to share the proceeds and tax obligation in a technical way, she need to file a partnership return for this property.This post does not create a CPA-Client relationship.