Hey BP, I'm a local broker and investor. We found an opportunity to purchase a huge SFR with two kitchens located next to a commercial zone which was previously used as a sober living facility. With a few tweaks to th...
When elevating Storage Units what rule of thumb do we use for estimated expenses? 50% rule? 60% rule because it is commercial? When calculating vacancy and bad debt, do these have rule of thumb too? Thanks!
Investment Info:
Other buy & hold investment.
Purchase price: $750,000
Cash invested: $63,000
Purchased self storage facility #2. 50/50 ownership with a partner. This is down the street from our ...
Hello,I am looking to into investing in a self storage facility out of state and was curious if anyone has any advise on how to manage it remotely. Thanks!
Readers Digest version: tightening requirements but making less because I'm scared of getting "rona-scammed.I recently sold a property and 1031'd into two B+ class properties instead of the typical C class property th...
Hi everyone. I recently acquired a duplex. On one side, one of the tenants that has been there for many years has slowly filled up his living room, one of the bedrooms, the basement and the ENTIRE garage with stuff. I...
Robert S. I am new to forum. I have some investment experience, but currently I am looking at 270 storage rental units. Which is new for me. Does anyone have any pros or cons. That a person should consider?
Investment Info:
Other buy & hold investment.
Purchase price: $200,000
Cash invested: $10,000
Barn turned boarding facility
What made you interested in investing in this type of deal?
...
Looking at a small (10,000sf) facility in tertiary market (pop 12,000). Current owner (lives about 45 mins from facility) really doesn't care much about the property and the reason he is selling is "he doesn't have t...
Please help me evaluate this Self Storage facility. This is my first one. I submitted an offer now having some doubts. Self Storage Facility 343 units. NO office. It is being managed remotely or part time by the owner...