All Forum Posts by: Tyler Morrison

I think I have a great deal available in New Hampshire (and Vermont via a 1031) but wanted to understand where commercial loan rates stand today for a: $950K property with a ~70% LTV ratio on purchase price and est. ~60% LTV on the value of the new property. to estimate the deal's value but I don't know any lenders in this space.

 Commercial warehouse (20k sqft, on 4 acres).  Wondering what type of loans are available for this type of property if any.

Would a pre-negotiated lease of +$6750  a month help with loan acquisition or rates?  That seems like a good cashflow opportunity, I think.

I am currently putting together a deal on a 4-plex in my area that I found about a month ago.  Its a solid deal that involves finding a capital partner for the ~$150-200k down payment and someone with good credit to purchase the rest of the investment through the bank.  I found parties necessary and am now proceeding down the purchasing path.

Owning a moving company, its no secret that I want to enter into the Self Storage industry.  While networking a couple months back, I made a great contact and asked him to call me if they ever needed anything.  I recently got a call from him giving me what looks like some pretty good terms on a deal worth about $6-6.8M.  The terms are; raise $2M for the down payment on the property and in exchange that investor will own 75% of the property.  I will receive a couple of ownership percentage points in exchange for putting this deal together.  I have a couple of interested parties but know that they do not have Millions in savings.  People I do know with Millions laying around either don't take my calls regularly or take a couple of weeks to set up a meeting.  I'm wondering how people would go about increasing the network of wealth around you quickly?  I can and will certainly increase the network of wealth around me over time but am trying to do it quickly to set this self Storage deal up quickly.

Hi, I'm Tyler Morrison and I own and operate a moving business in Winooski VT.  I have been trying to purchase real estate for the past year.  I recently found a great duplex with a attached trailer lot for sale about 1 hour away from me.  It cash flows great (12-18%).  Rent is well over the 1% rule, $1.3K/mo on a $60k house, overall a great investment.  I even have a partner willing and ready to split the commercial loan down payment with me.  In short, I really want to purchase this ideal starter investment property but am a little worried about tying up 90% of my capital in a project while I'm self employed.

On the other hand, I have been doing some research and know that self storage is a overall great return.  I believe I read that the average self storage facility returns 18% cash flow on average and there are a lot of bad managers in this business.  The self storage facility fits in great with my moving businesses business plan.  I have networked with a ton of storage managers and owners in my market and they are all full to capacity or near it.  Recently my team unloaded a 5x5 unit and when I spoke with the on site manager of this 600 unit complex he had 1 open unit, the one my team and I just unloaded, 100% capacity and its no the busy season yet.  I don't personally have the cash to build a storage facility and am currently working on a pitch deck for investors.  Wondering if anyone has any thoughts on how I should go about pitching my businesses expansion opportunity to potential investors?  

I would like purchase the small investment property and partner with a hard money lender, VC or a wealthy partner with good enough credit to get a loan for $1m+ for building the commercial self storage facility.  Let me know what you think on this overall plan or if I should focus on time task at a time, remember I have a entire business to run on top of any real estate investing projects.

Hi, I am pretty new to BP and the real estate market in Burlington VT.  I am also looking to expand my network so if you are in the Vermont market, please say so. Currently I'm looking for a rental property or a flip since I own a small home improvement business. Possibly even a flip to rental.  If you know of anything that looks interesting and has some promise, please let me know