All Forum Posts by: Daniel Yoo

Rich, quick question- from your experience, what's the average net cash flow per unit per month you're getting on your self-storage property? I've been looking at numbers and unfortunately, they're not anywhere near $100/door/month like in SF or MF. Is that right? Thanks.

Originally posted by Marcus Perkerson:

I have about $70,000 to invest in a self storage facility. Could someone let me know the ROI I might be able to achieve? I have a background as residential landlord. I'd like to remove residential tenants from the equation. Thank you in advance for any information.

Marcus, how's your search going? Have you successfully found any self-storage deals with a good ROI?

Well, its a combined package of 4 self-storage properties here in TX, with a consolidated occupancy of 82%. The properties are free-standing, steel beam construction and about 20 years old. The expenses are on average 20% of Income.

Awesome. Thanks Darryl for the info, helps clear up some of the confusion dealing with HUD loans.

I've got a 500 self-storage under contract.

My analysis is 46.5% ROI before debt service. 34% ROI after debt service.

ROI is dependent largely on financing in my opinion more than the actual financials of the property. Putting down 35% down as opposed to 15% will skew your ROI significantly, all other financials being equal.

Originally posted by Dan Krause:

:roll: I am in Southeast, Michigan and am looking to represent by commission commercial property buyers nationwide. Please let me know what your needs are.

Just sent you an email about my new buyer and his criteria for apartment properties in Houston. Looking forward to our success!

Originally posted by Kim Mancoronal:

has anyone invested in an apartment complex. I found one that is an REO. it is an 84 unit complex built in 1964. it has a 64%- 67% occ. rate that they are reporting as "climbing" price is $1,800,000.00 scheduled gross income $424,320.00. OE $200,000.00. I am interested to see how someone else has financed a deal like this one.

Kim, you'll most likely have to find a joint venture partner on this one to come in with capital and experience. You're not going to be getting any banks to loan on an REO, and my guess is that with the low occ. rate, it's probably a negative cash-flowing property. REO and negative cash flow is a double-edged sword.

Alternatively, you may be able to wholesale/birddog this deal to other apartment investors and perhaps ask to "look over their shoulder" on this deal along with a lowered commission.

Mike, you've got a PM. I'd like to contact you with some more details on SFH properties in Houston. My email is in my signature. Thanks!

What kind of property are you looking for in Houston?

Single family; Multifamily; Mobile Home, etc??

Update- You can never refi out from transactional or bridge funding. The only way to refi is from conventional lending.