Property Transfer TaxOne of the key costs associated with purchasing property in Germany is the property transfer tax, which ranges from 3.5% to 6.5% depending on the region.

Colorado is pretty dependent on tourism. 

@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.

We are open to MFH but depending on the market we pick they are less common in certain parts of Idaho.

I find it's very personal, and dependent a lot on your goals, resources, risk tolerance, location, experience, etc.

I felt confident that this guy was dependable and wanted to pour gas on the fire.I increased the number of hours Marilyn was working and ordered another batch of direct mail, all at my sole cost.

Whether it still makes sense will depend on how much you can defer vs. the basis.

@Peter Tverdov it depends on going wages in your marketplace.I would imagine labor costs are much higher in NJ than in MI.

Hi Saul, it depends on what you're looking for - cash flow or appreciation?

Depending on the market you invest in, you may have enough to go all cash on the first deal and refinance to put money in the second deal.