All Forum Posts by: William Coit
William Coit has started 1 posts and replied 4 times.
Post: 1st Self -Storage Deal. I NEED Advice
William CoitPosted
- Posts 4
- Votes 3
@Josh Collins I don't no the seller. Just a deal I found and continued to pursue it.
I've been looking at the possibility of presenting a counter offer with a Master Lease Agreement.
Does anyone have any suggestions on how I could present this option.
Post: 1st Self -Storage Deal. I NEED Advice
William CoitPosted
- Posts 4
- Votes 3
Michael Wagner 148k yr1, 178k yr3
Post: 1st Self -Storage Deal. I NEED Advice
William CoitPosted
- Posts 4
- Votes 3
@Glen S Atlanta metropolitan area
Post: 1st Self -Storage Deal. I NEED Advice
William CoitPosted
- Posts 4
- Votes 3
I’m a newbie in the self storage business and I’ve managed to negotiate a deal that includes seller financing. Here’s the deal:
Purchase price - $900,000
Down Payment- $500,000
Balanced financed by owner $400,000
Terms 3 years interest only @ 6.5%
Earnest Money $10,000
Due Diligence 45 days
Closing on or before October 23, 2018
My situation: NO capital to invest, bad credit.
How do I close this transaction without putting any money down?