All Forum Posts by: Shelby Robinson

@Christopher  Stanis

I just closed on last friday. I know this market very well. Your correct I will market for barbers asap. I just purchased 60 bandits signs. Also 11ft barber flags. They arrive Friday. This is the same process that my parents use for beauticians. Also in the past the building was used as an X Ray lab, Dr. Office, and then a salon. So the potential is there. 

absolutely not...my parents has a salon only stylists and braiders, these requiring a different license due the use of chemicals. Barber don't use chemical. The previous owner had a drug issues. We know her relatives.Truly unfortunate, she was doing great at the start but lost her way. Most importantly I understand my market. I will keep you guys updated.

Yes....it has been converted for more space. So yes 6 barbers. 

@NatalieKolodij

This will be strictly a barbershop rural SC. Barber do require more electricity but minimum water. Station are already set up from the previous owner. She lost the building due to (delinquent taxes). Although the building is vacant. ALL equipment remained inside. No back bar items. Advertising for barbers yes, customers for the Barber no. I have purchased banit signs to attract barber. Banners for the building and I have a sign company coming to install a official sign. High traffic area also. No phone systems for booking needed. Hope that anwser your questions. Thanks for the input. 

So, recently I closed on a property in SC. Currently the building is vacant, at one point it was a functional beauty salon. This is my 1st deal EVER. My plan is to convert into a barber shop, should be a smooth transition. Property zoned for commerial use. My parents owned the salon across the street, i lived in VA. So definitely long distance. Barber actually pay for booth rent. In SC market barber's typically pay anywhere from 100-125 per WEEK. This property has space for at least 6 barbers possibly more! Remember still a newbie here so be nice when you critque my numbers.

So here's the numbers: seller finance

Offer price: 38,500

Down payment: 2300.00

Interest: 9%

Monthly PIT: 567.00

Cashflow: 1800 minus utilities.

BOOM!

Thanks Biggerpockets! future updates coming soon.

So, recently I closed on a property in SC. Currently the building is vacant, at one point it was a functional beauty salon. This is my 1st deal EVER. My plan is to convert into a barber shop, should be a smooth transition. Property zoned for commerial use. My parents owned the salon across the street, i lived in VA. So definitely long distance. Barber actually pay for booth rent. In SC market barber's typically pay anywhere from 100-125 per WEEK. This property has space for at least 6 barbers possibly more! Mostly importantly I hit my goal numbers wise! Feel free to critique the numbers. I'm no expert by far.

So here's the numbers: seller finance

Offer price: 38,500

Down payment: 2300.00

Interest: 9%

Monthly PIT: 567.00

Cashflow: 1800 minus utilities.

BOOM!

Thanks Biggerpockets! future updates coming soon.

@David Randle

Thanks for the support. 

 Yes...I have a script.

Sorry for the bad grammar. ..Just shocked that wholesalers have a bad reputation. I'm a newbie so whatever bad experiences you may have had, and being that you hold no  regards to wholesalers.... my newbie advice to you, don't conduct business with wholesalers. I'm simply looking for guidance. 

 Absolutely not, I don't want to take advantage of anyone. I just want to make  certain that I'm doing everything I can the right way of course, and not wasting my marketing funds. That's all. And I actually the seller I spoke with a just second ago. I simply told him "Mr.Seller you would definitely get more from listing it with a Real estate Agent. I didn't invest my time and money  prey on people. I here to learn and grow. Don't bad mouth  wholesalers....instead give useful advice! Especially if you help.