All Forum Posts by: Samantha Kallsen

@Samantha Kallsen,

Love the way you’re breaking this down — that kind of clarity and focus will take you far. Four years to clear and a solid profit after? That’s strong positioning.

I’ll gladly share the template with you — it’ll walk you through the structure, assumptions, and long-term planning side. The key is to make sure those numbers work for your life and your legacy, not just the spreadsheet.

The financing side will smooth out as you build relationships. Start with local banks and credit unions; they often move faster for small commercial and self-storage assets.

You’re thinking like an owner already — that’s half the battle. Keep your momentum steady and your light bright. I’ll send the template shortly so you can plug in your numbers and see the full picture. ☕

—
Joshua “Sarge” Hardin
Renewed Legacy Group | Freedom Ranch
“Lead with Love. Serve through Legacy.”

Hey Samantha — great questions. You’re already ahead of most by digging in before you dive in.

1️⃣ Taxes appearing twice:
In the BP calculator, one is property taxes (an operating expense). The other is income taxes (estimated taxes on your profit). Property taxes affect your NOI, income taxes don’t — they’re applied later to your cash flow after debt service. You can usually turn that income-tax field off if you just want a clean NOI view.

2️⃣ Finding a lender for smaller commercial deals ($215K):
You’re right — most commercial lenders don’t like deals under $500K. Try local community banks or credit unions, they love relationship-based lending and smaller balance sheets. You could also explore SBA 7a or 504 loans or even a creative structure like seller financing or a wrap loan if the seller’s open to it.

3️⃣ NOI vs. existing loans:
NOI is independent of any owner’s financing. It’s the property’s raw operating performance: income – expenses (no mortgage). The loan only affects the cash flow to you, not the property’s NOI. Think of NOI as what the property produces before debt; that’s how investors compare apples to apples.

Keep digging — storage can be a great niche once you learn the levers.
If you'd like, I can share a quick example template I use to separate NOI, DSCR, and true cash flow.

Keep at it — you’re on the right path. 👏

— Joshua

Hi @Samantha Kallsen nice to meet you here on BP! On BiggerPockets, one tax entry is property taxes (part of operating expenses) and the other is income taxes, which affect your personal return - not the property's NOI. For the $215K storage unit, small commercial loans can be tough to find, so try local banks, credit unions, or SBA lenders. Seller financing could also be an option. When calculating NOI, you don't include the owner's loan payments - NOI is based only on income and operating expenses so you can evaluate the property itself, not the owner's financing. Hope that helps!