All Forum Posts by: Andy N.

I closed on a 48 unit complex back at the end of August 2016.  I am starting to go through and make upgrades to common areas.  I just recently redid the laundry room.  What upgrades are you doing to your properties ?

@Brandon Turner do you Facebook advertise ?

Tony SanFilippo Exactly!

Ill give you short story of how I made $40,000 (in equity) with a Facebook post. 

I made a post a few weeks back that said " Bring me and off market deal and if I buy it I will pay you a $500 finders fee."  My inbox started BLOWING UP!  I got messages from all kinds of people.  Most of them wanted to dump properties that they had been trying to sell for a long time.  They were not in areas I wanted to invest.

I had a friend shoot me a number of a lady that had inherited a property and she wanted to sell it ASAP.  I went and looked at the property.  It needed some work, and she didn't want to spend one penny one on the house!  She made that clear upfront.  We worked out a deal.  I made a cash offer, planning to do a few repairs and refinance.  I am all in on the property at $55,000.  I just got the appraisal back today and it came in at $95,000!

I know its not actual cash. However, it is equity on my balance sheet! 

 I am no pro by any means.  I will say this though, GET OUT THERE AND GET ACTIVE.  You never know what is for sale until you start asking!

By the way, I did pay the $500 finders fee. 

When you make a post using the app do you get a notification on your phone? I am not. I have to go look up my discussions to see if anyone has commented.

I apologize. I posted this earlier and failed to mention it was self storage! I am buying a neglected 33 unit property. The owner is not local and has let the property go down hill. 10 units are currently rented. The buildings look fine and are in good condition other than a few broke doors. There have been 2 units broken into in the last month. This property is NOT fenced. The prior owner is currently installing additional lighting and security cameras. This property is 1/2 acre. I am going to get a quote on fencing. I am curious if anyone has experience with an automatic gate? Do you have a supplier and cost ? I am not sure if a property this small will generate enough income to afford the fencing and automatic gate. I am hoping the lighting and camera will be a huge help. There are several unfenced complexes in my area. Any help or tips would be appreciated.

Asking for your patience...I failed to mention for some crazy reason this is self storage. I will clarify and repost.

I am buying a neglected 33 unit property. The owner is not local and has let the property go down hill. 10 units are currently rented. The buildings look fine and are in good condition other than a few broke doors. There have been 2 units broken into in the last month. This property is NOT fenced. The prior owner is currently installing additional lighting and security cameras. This property is 1/2 acre. I am going to get a quote on fencing. I am curious if anyone has experience with an automatic gate? Do you have a supplier and cost ? I am not sure if a property this small will generate enough income to afford the fencing and automatic gate. I am hoping the lighting and camera will be a huge help. There are several unfenced complexes in my area. Any help or tips would be appreciated.

Jason M. I'd def. paint! The floors look awesome! What product and color is that?

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