I'm looking to invest in self-storage in the smaller cities and towns surrounding the Twin Cities area and am debating between two options: buying land and building a new facility or purchasing an existing one.

It’s part of the agent's duties to make this clear in the purchase agreement or the buyer's brokerage agreement.Clarification: The broker you met with was likely emphasizing that, according to the letter of the law or the standard contract language, the buyer is technically responsible for their agent's commission.

And I'm not at the point where I want to purchase say 5-10 units yet. 

If you're living in it, even though you're purchasing for the investment, it's considered owner occupied. 

Hi Jake, DSCR Loans are a great way to get started if you have a property in mind that is ready to rent once purchased or possibly even has tenants living in it.

I am looking to start my journey anywhere from Cincinnati to Columbus, OH My plan: I plan on purchasing a 3-4 unit property and house hacking one of those units for about 12-18 months.

I buffered it to $6500 but not be surprised to see $8500 based on my previous purchase in April.

The way I see it, a brand spanking new duplex wouldn't be the smartest deal because of the high purchase price and you'd likely not cash flow, if not be in the negative.

Purchase price: $158,000 Cash invested: $35,000 Sale price: $250,000 This was our first house Hack that we added value to.

I have not purchased this course but want to know if this is legitThank you,I look forward to learning everything I can in the investment world