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Happy 2020 to all!
I've run into a mom & pop storage facility and they are retired in upper 70's (age) and willing to sell, realizing they won't be around forever. Owner is getting older. He currently spends ab...
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Hello everyone! I’m interested in hearing if anyone here has bought a poorly run self storage facility before and what the process looked like for acquiring it, transitioning management, and how you dealt with tenants...
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There is a storage complex, purchase price is 550k. The owner decided he wants to owner finance a 400k down payment and carry the note on the remaining 150k. Could I get a commercial loan for the down payment and let ...
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What would you do in this situation:
Business: Manufacturing
Commercial building valued at 2mil
550k left on mortgage
800k Line of credit (650k balance)
Bank is demanding line of credit balance to be lower than 5...
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I'm located in MN and I have a question regarding changing the locks on a rental property in which the tenant is behind 3 months.
The situation is the current tenant has given me heads up that he is moving out. He h...
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I have a client that I will be relinquishing a $5 million property in the next month. It is under threat of condemnation so it falls under IRC 1033 and therefore she has three years to find replacement properties and ...
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I am looking at doing my first lease option.I own a small property management company. I manage 2 storage facilities and just over 110 rental units. I know that I have to abide by fair housing laws when it comes to th...
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I'm looking to buy first prop within the next 3-6 months - I'm looking now. Is it too early to open an LLC? I want to open one to get a business line of credit for purchases. Any info is appreciated. Thanks!
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Hello everyone. I am interested in multifamily homes.
I have tenants that have not abided by anything since they moved in. They did go through rigorous screening but I just got some not so good people. The husband has brought about 30 used tires on site that we’ve alread...