All Forum Posts by: Julian Sanchez

@Scott Krone

yes I verified the income, it is $9,795.00/mo to be exact

I see a gauge of 1/3 in expenses, using that metric it's a 9 cap and I know multifamily in that area to be a 7 cap. 

So Justin, how's your acquisition going?

Great thread. 

I got an off market Self storage in my hands. 136 units grossing close to 10k/mo, mile away from university and close access to highway and highly transited roads. he showed me the historic rents and he's practically always had them at 98-100% occupied 

owner will let it go for low 800k. 

We do commercial multifamily so this is new territory, I know the expenses are a lot less than in multifamily but never done the underwriting. 

What do you guys think?

Man, that's a lot of us. 
I don't post much but I'll share that I'm a Mechanical Engineering graduate from University of Central Florida. Began my career as a Field Service Engineer and now I'm doing project management and I love my job. 
I began real estate 2 years ago, went straight into commercial multifamily; me and my partner are at 58 units now across various properties. 
Hadn't been to the site in a while, came looking for some knowledge on storage units as we have a great deal in our hands buy it's new territory. 

If any of you guys have done one would love to hear your insight to this asset class

I've done my last two closings the same way, not bc of the coronavirus but we're just all remote

Anybody else got an update on this area? woodlawn/kingston?

Anybody else got an update on this area? woodlawn/kingston?

What about south of the airport?

Woodlawn and Kingston

@Hadar Orkibi

Are you local here? Let’s meet tomorrow or just give me a call

@Hadar Orkibi

Got an off market 20 unit building near the hospital that I just got financials and misc docs sent. Got the option to assume mortgage but at first glance looks like the owner in California overpaid. Will review tomorrow