- Joined
- Sep 26, 2007
- Messages
- 7
Goal: Maximize Return on Investment (ROI)
Strategy: Rent out Storage Units on the Property of a Triplex and then Sell Triplex with Storage Units
a) Tear Down Old Garage
B) Pour Concrete Pad
c) Install Quantity 3 5 feet x15 feet Storage Units
d) Rent Each Unit at $100 per Month
Calculation:
$100 per month x 3 units x 12 months = $3,600
$3,600 x 10 = $36,000 in Appreciation
Note: An investor would pay an extra $36,000 for a property if the property had an extra $300 per month cash flow.
Question: HAS ANY ONE DONE THIS BEFORE? Can you email me at:
[email protected]
Concerns/Solution:
1) Allow to build storage units? / Apply for building permit at city
2) Insurance cost high? / Call Insurance Broker
3) Can you get storage unit renters? / Run add for 3 Free Months Storage at $100 per month. 1 Year Contract. Doing now.
Any other concerns and suggested solutions.
4)
5)
6)
7)
8)
9)
10)
Strategy: Rent out Storage Units on the Property of a Triplex and then Sell Triplex with Storage Units
a) Tear Down Old Garage
B) Pour Concrete Pad
c) Install Quantity 3 5 feet x15 feet Storage Units
d) Rent Each Unit at $100 per Month
Calculation:
$100 per month x 3 units x 12 months = $3,600
$3,600 x 10 = $36,000 in Appreciation
Note: An investor would pay an extra $36,000 for a property if the property had an extra $300 per month cash flow.
Question: HAS ANY ONE DONE THIS BEFORE? Can you email me at:
[email protected]
Concerns/Solution:
1) Allow to build storage units? / Apply for building permit at city
2) Insurance cost high? / Call Insurance Broker
3) Can you get storage unit renters? / Run add for 3 Free Months Storage at $100 per month. 1 Year Contract. Doing now.
Any other concerns and suggested solutions.
4)
5)
6)
7)
8)
9)
10)