All Forum Posts by: Seth Tandett

Look up Janus and Mako. Those are your two big players.

What’s the construction of the elevated floor(s)? If it’s concrete and/or steel, I would say the conversion would be less complicated than if the floor(s) are wood.

A structural engineer will be extremely helpful as you mentioned. 

Also, it all depends on your budget too and what makes sense. Obviously.

@Masha Klapanova - maybe try another bank too? Did you reach out to Live Oak?

Have you considered bringing domestic partners into the deal that can be approved for the loan or raise the $500k you need?

Daniel - I would make sure you have 24/7 access. Ask about what pest control measures the facility takes. Ask about what temperature ranges the facility is conditioned and make sure your goods can handle that range. If it is not a drive up facility, then you’ll want to know if there is an elevator if they don’t put you on the ground floor.

@Joel Miller I’m early in my SS investing journey so I don’t have one  under my belt yet. However, I’m part of a group outside of BP and everyone raves about ESS. Here’s the link: https://www.storageunitsoftwar...

@Henry Clark thank you for sharing. How big are your facilities?

Based on those expenses, your CoC return is 17% and cash flow is $674/month. Does that make it a good deal to you? We all have own goals so you got to decide if that works for you.

Asking for a friend:)

He's got a solid W-2 job in commercial construction and works 45-50 hours per week. He's studying to get his real estate license and really wants to work in commercial real estate due to his extensive experience in commercial construction and his interest in the industrial, warehouse and mission critical facilities.

Are there positions within commercial real estate brokerages that he could work part-time (nights, weekends, days off from W-2) once he gets his license?

Also, does the facility come with land to expand?