Overall, the GP team navigated the situation well once it all came to light, and I felt that as an investor in the deal my interests were put first.

I review about 1,000 a week nationally and we are lucky to get 5 plus cap rates with investment grade tenants and debt in the 3's fixed for 10 years with 30 year amortization putting 30 to 35% down.Developers build STNL break even for about 9 cap and have about 100 basis points resale cost down to 8 cap and sell in 5's for about 200 plus profit spread.NOW multi-tenant retail centers that are not brand new with a mix of tenants you might find some luck in the 6's to 7's for cap rate.

If not, then I would be looking to scale into small multi-family (2-3-4 plex) that you can do some value add with light rehab.

But I am planning on linking the fans to a moisture sensor instead of the light in the future, because one of the mirrors has moisture damage since the fan goes out the moment the light does (and so to many other mirrors in the complex), and the fan is also continuously running at other times when it doesn't need to be.  

I am open to discussing long term note financing as well.For a partner funding the $80,000 for acquisition, rehab, and light furnishing and receiving 50% of the cashflow (call it $800 a month on average) this is an annual return of 12% and backed by the equity in the home.

I'm a brand new member myself and already made several meaningful connections. 

Meaning, I can lean on the fact that if they're going to give a green light for the deal, then why shouldn't I? 

Self storage, mobile home parks, light industrial, large multi family… All great candidates.

Small upgrades are paint, door knobs, sometimes floors, updated light fixtures.

Hi All! My name is Jessica. I am 36 and live in Oklahoma City. I was a public school teacher, but got tired of being broke. I quit to become a nurse in 2020 and Corona happened. I did not want to be frontline so I end...