I am an third year engineering student and im trying to make a transition from engineering industry to real estate.

In those cases, those debt terms are as good as you can get...its what we put on our industrial stuff and are just relying on increasing rents when time to refinance.

There is very little industry and businesses in the St.

Industrial?

As I'm in an industry that will be returning to the office soon, I don't see my employer approving this.

At 80% occupancy the storage unit building combined with the now rehabbed retail space, the property will be cash-flowing about $25,000 a year($2,100/month at 80% occupancy).Once we are at 80-90% occupancy we will refinance doing 75% LTV and recoup 100% of my initial investment ($105,000) as well as my partners rehab costs (20k).

Renter mentality if the money came to them they would be all over it.. since they have to do something and the money goes somewhere else its just not a priority I would guess.. and I also think a lot of these that did this will just up and leave when evictions start to happen..I know BP has super landlords whose collections seem to be better during covid than normal industry vacancy rates.

We then apply a multiplier, which depends on the industry, competitive profile, length of time in business and several other factors. 

I am reaching out to any and all who are in the industry and interested in an extremely ambitious student, hard worker, and I am willing to begin at any level in order to achieve my goals.

It seems like all the builders in my area are for retails buyers.