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6 April 2021 | 5 replies
You can read my other posts for what to look out for on these types of things, but I'll just tell you that no legitimate private/hard money lender is offering $100 million dollar loans for 25 years at 4% interest:(They spelled "million" wrong by the way.)Just for the fun of it though, I ran a search on their "business" address listed in the "Contact Us" section of their website.
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9 February 2021 | 5 replies
"how to be a millionaire in cattle, start with two million."
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30 June 2019 | 18 replies
I only have 3 doors right now but my goal by then end of 2020 is to have 1 million net worth.
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2 April 2019 | 57 replies
A number of scenarios here:The Operator with a garbage track record is probably out of business so you won't even run across them (lucky you)The Operator will refuse to share the requested info (run)The Operator will share the requested info, have a poor or sub-par performance history and give you a million reasons why this time will be different (tread lightly)The Operator will have a strong track record of performance and will happily give you the information requested (this is the group you want to invest with)
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29 January 2019 | 8 replies
If you like, you can certainly go to my site or google 7 search the internet to see what I or others (including Inside Self Storage, Self Storage Association, & other articles say about it) at least to give you a preliminary idea as to what will need to happen so you have a decent idea and can therefore build upon that foundation.I'm a big fan of "aces in their places" , so if you don't have much experience in Self Storage Management why would you want your multi-million dollar facility in the day-to-day hands of a newbie?
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9 May 2019 | 9 replies
Starting in 2001 in Detroit we really ramped up our lending to TK.. and by 03 we were funding 40 to 60 files a month.. its was great while it lastedthen 08 happened and it all came to a screeching halt.. buyers could not get investor loans to save their lives.. all but a very few TK went out of business and of course we see the new crop that sprung out of the ashes of that smokin hole in 2010 to 2012 and here we are today.. with new companies entering the space allow ing TK to scale it takes a boat load of working capital to do this heavy volume.. 10 to 20 million month.
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23 July 2018 | 40 replies
So feeling safe and secure because you have a million dollar umbrella liability policy is not so great when you get sued for 10 million.
17 July 2018 | 15 replies
You’d survive just fine like countless millions In Warm climates did before you came along lol
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23 July 2018 | 7 replies
Like, quite a lot, maybe 50% cheaper, and they look great on the inside, like a "million dollar" home.
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10 August 2018 | 12 replies
I can tell you on commercial deals if someone calls me that is an individual investor and tells me on the phone they have every Tom,Dick, and Harry looking for them as a strategy I hang up.I expect that from large commercial companies that buy nationally hundreds of millions a year and ONLY want the deal.