Dan Patrick
Help! Time sensitive contractual legal mess
Last year I purchased my first piece of commercial real estate. I was very excited to start getting some monthly passive income, however long story short, the whole deal was a sham and I was left with a building gener...
Will Carter
Strategy...Purchasing property from family who is also my lender.
Don't know exactly what category to put this in so I'll stick it here and get my $29 worth this month maybe.Just looking for strategy advice on a purchase. I was going to the bank this week to get the ball rolling bu...
Jason Baker
Buying Apartment Complex With $400k Down Payment
I’ll be selling a house in California in 2021. I expect to conservatively have $400k from proceeds. I am looking to use that amount as a down payment on an apartment complex or storage facility. Is this a reasonable a...
Nate B.
Take the money and run or in it for the long haul???
I close on Friday on two buildings (30 storage units) and a small office space. Currently ill-managed with 27% vacancy...while the area is about 98% occupancy on storage.Anyhow, have another buyer interested in picki...
Craig Garrow
How to Purchase Underperforming Self Storage Facility
I have recently found a self storage facility that the owners are considering selling. It's 24 units - 16 10x10, and 8 5x10 on 2 acres of land in a good location.
After speaking to the sellers, I've found that the...
D'vorah Nadel
Under-contract on 100% occupied Self storage, bank wont finance
I have been looking to add self storage to our rental portfolio for a while. I was able to go under contract on a 1 acre (plenty of room to add more) 25 unit mom and pop self storage facility. They are severely under ...
Peter D'Auteuil
Unpaid Rent - Assignment of Back Owed Rent at Closing in CA
I'm pondering a question regarding unpaid rent. In a particular deal, at least one tenant in a property is behind in rent and will be behind when the buyer takes ownership of the property. Who has claim to unpaid rent...
Rich Bertran
Loan Restructure to Purchase
FIRST-TIME INVESTORREI Pros,I am looking to refinance my home and pull money out to pay off a property I own in Oklahoma to pull a loan against it and purchase a self-storage complex. Ultimately I want to hold the ren...
Mike Carr
Self Storage starting thoughts
How did you get started? What did your first deal look like? Knowing what you know now, what would you do first if you had to start all over from the beginning?
Joshua Watts
New project underway
I completed my strip mall conversion to self storage and now to my new project a full remodel of an 8 plex just outside Chattanooga TN. We plan on replacing just about everything. Here is a couple of pictures of the s...