@Storage_Venture Industrial has definitely caught my eye. Looking more into it. What’s the rough rent/square ur seeing for the contractor garages vs self storage on your places?

@kenmcelroy Always positive cash flow but to varying degrees. Was more cash flow focused at the beginning. Higher cash flow more management intensive areas. But now more equity focused while still being cash flow positive from day 1. Areas that have higher upside long term.

@ChrisRamsey60 Any good resources you’d recommend to learn more about this space? Interested in getting into it but want to learn more about it first. Getting tired of apartments haha

@heIpfullandlord I was a financial analyst for a couple years out of college. Bought my first few properties while at that job then went full time into being a RE agent and investor

@Storage_Venture The $$$ is in the follow up

@CoachChadCarson That’s how I was at the beginning, $5k per property is basically enough to cover any unforeseen expense so I think that’s a good number. Since then I just have a $50k HELOC I can tap into if needed along with always having some money liquid in all my accounts.

@AdamKleinROI It makes zero sense. At the end of the day what should only matter is the net price to seller regardless of how commission is factored in. Because it’s gonna be factored into offer way or another anyhow. They’re just limiting their buyer pool by adopting that mindset.

@CoachChadCarson Adopting this perspective was a big lifestyle shift for me the last few years. Wanted to prioritize traveling more while young and able rather than save it all for old age when might not be able to physically do the things I can now.

@TheRealEstateG6 Having delayed gratification at a young age is a super power. Especially in today’s instant gratification world. Becoming more and more rare.

@Storage_Venture I just don’t think I could ever actually get myself to pay off 3% debt even if I liked the concept of having the paid off house haha

Lift weights Prioritize protein and fiber in your diet Get 10k steps per day Wake up early Listen to audiobooks Read non-fiction Get at least 7 hours of sleep per night Live below your means Invest your money in proven assets Find a way to get a scalable income Take action!

@F_I_R_E_Fighter Completely agree

@ThinkAppraiser House hack hands down best use of those funds. Got my first one for $6500 out of pocket. Tough to get a better risk adjusted ROI than that.

@heIpfullandlord I’m an agent primarily working with investors so thus far it’s just been clients I have worked with on multiple deals in the past. So definitely helps reduce risk and provides a nice funnel to increase that going forward.

@heIpfullandlord 70% Real Estate 20% index funds 10% private loans

@moseskagan Flood insurance prices been going CRAZY lately. Also seems to be a stigma with them that a lot of buyers just stay away from flood zones period even if the numbers make sense accounting for the flood insurance.

@heIpfullandlord 2% per year is what I usually roll with for tenants I want to keep around and are already at or near market rent