
4 January 2022 | 1 reply
Does anyone have any experience with this area and do you think that we would be able to sustain a 60% occupancy in the off season?

4 January 2022 | 3 replies
Hey @Blake M Pursel you can find lenders that would refinance you 1 day after acquisition, however, said lenders typically have property seasoning requirements of 6-12 months to offer a new loan based on the newly appraised value (After-Repair-Value).

4 January 2022 | 0 replies
Another consideration I have is that I should be completing a storage unit in 2022 and would be ecstatic if the tool could accommodate the billing for those 40-50+ units as well without breaking the bank.Thanks in advanceJohn Leake

10 January 2022 | 3 replies
Upper/Lower ~ 1,000 sq fot per floor, plus basement storage/laundry and a large garage.moved into the lower Aug1.20% down, on effectively $125K... appraised then for $140K, more now (appreciation plus repairs)Bank gets* $728/mo Upper tenant pays $755 (still well below market) ( insurance of ~ $59/mo and water $25/mo not escrowed)* i was paying $1000/mo all-in at my 1br ~ 550 sq foot apartment rent/garage rent/insurance/utilities etc..**2**While i was under escrow on #1 my father had passed away.

4 January 2022 | 1 reply
This Q4 felt a bit more seasonality as things are maybe, kind of, almost back to normal.
5 January 2022 | 4 replies
In 3 years you will have an already seasoned referral base plus the referrals from your existing clients.

4 January 2022 | 5 replies
If I put the two bed 1 bath rents for 800 that is 2400 for those ...the studio I am adding will be another 650 So 3150 for apartments ..With 13 storage units at 55 that is 715 a month but I am adding a larger 14th unit that I will rent for 150 but let's say 100 bringing the total to 815 for storage So 3150+815 =3965In a cap rate appraisal you exclude the mortgage, tax, insurance and cap Ex So expenses are ..Heat 200Water 75Trash 75Landscape/snow 75Repairs 120Vacancy 120Miscellaneous 200That's 865 in expenses but let's say 900So 3965-900= 3065 in profit (noi) x12 months in a year=36780You divide that by the market cap rate..which I am going to use the most recent data of 7.45%36780÷0.0745=493,691can't be right.

5 January 2022 | 5 replies
Very cool way of analyzing it @Eric GoldmanIt seems like everything I find that people want to sell is unique and not a cookie cutter way of analyzing the deal.I recently just purchased a 4 unit building with 13 storage units on the property.

6 January 2022 | 2 replies
So, if it isn't "seasoned" (in a bank account for a couple months where they can verify that) then there needs to be documentation showing where it came from.

5 January 2022 | 1 reply
Purchase price: $1,350,000 Cash invested: $100,000 Commercial Business Park building with 10 Suites, and two self storage buildings.