Here’s today’s agenda:
- For Sale – 35 Real Estate Investor Deals
- Conyers Single User Warehouse-For Sale
- Georgia Self Storage Development (Zoom Link & Time)
- Short Term Rental Strategy – Podcast
First Time Reading? Sign Up Here
Doing a Deal with Diamond Equity
Thank you Rex Gravitt for making the introduction to Greg at Piedmont Bank.
For Sale 1314 Olympic Ct, Conyers, GA 30012
- 6,600 Sq. Ft. on 18,731 Sq. Ft. Industrial Lot
- Up to 19′ Ceiling Height
- 2 Overhead Garage Doors
- 1 Year Sale/Leaseback ($4,400/mo) Or Vacant
- Offering Memorandum
- For Lease at $6,000/month
- Price $635,000
This warehouse is move-ready and includes a 1,600 sq. ft. Upper Office area already built out. If you’re in need of higher ceiling height, you might demo that area. The ground floor plate is 6,600 sq. ft., however there is 8,200 sq. ft. of usable space if you include that office area.
Seller is willing to lease back for 1 year at $8NNN-which you might prefer if you’re buying this for strictly investment purposes. This allows you time to be patient in finding your next tenant.
If you’re buying and wish for immediate occupancy, we can arrange this property to be delivered vacant at closing.
Conyers, GA is Southeast of Atlanta. It is experience the same growth curve as most of the sunbelt region of the U.S. Small warehouse product is in high demand and there is little inventory available. This dynamic will very like create rising rents in this building for years to come.
Please connect with Hannah Branham for details at 404-754-5829
Wreaths of LUV – Order Yours today & Support Chicago’s Youth
These Holiday “Wreaths of LUV” are hand-crafted by the paid interns at the LUV Institute. Every year I order a few dozen and have them shipped to my friends & family all over the U.S. You can order yours here.
Below is a photo (circa 2016) of Aaron Lockhart (runs Diamond Equity, Chicago), myself, Cosette Wilburn (founded & runs LUV Institute), & our friend Joshua Walls. Pictured top right is an example of the Wreaths of LUV. This photo is from a few years ago when we had to physically pick them up. Now with nationwide shipping, it’s much easier to Spread the LUV this Holiday Season!!
Kiavi offers Hard Money Loans Starting at 9.64%
Volume Flippers may Obtain $1M+ Lines of Credit
Get $350 Credit on Your First Loan – Begin Here
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$1,500,000 Remaining Capital Raise
Lawrenceville, GA – 87,068 Sq. Ft. 3 Story Storage Facility
Zoom Presentation, Q&A Thursday, 11/21 at 12ET/11CT
I am building this facility with my partner Fernando Angelucci and his team at SSSE. Fernando has a background in engineering and has closed 53 Self Storage deals across 24 states with more than $230M in value. This project will be his 3rd Class A facility being built ground up. You can view his 2nd Class A facility-nearly completed here (located in Wilkes Barre, PA)
This current project is projected to run for 3 years, to allow 9-12 months for construction followed by 24 months to stabilize (rent), then sell the project. The buyer for the completed project will likely be one of the publicly traded Storage REITs.
Sometimes these REITs buy projects at CO (certificate of occupancy) and complete stabilization on their own. If this were to occur at a favorable price, this project may return capital much earlier than the projected 3 years. This would be good, but may or may not occur.
We already have the full $4M capital committed for this deal, but are opening up just under half of the deal from our own portion to accredited investors in our network.
I’m personally doing this deal for this reason:
- This deal is heavily in favors the investor/limited partners and offers superior potential returns than my 4.51% money market accounts.
- 80% of the profits go to the Limited Partners (The $4M capital raise)
- 20% of the profits go to the General Partners (who build the deal, guarantee the loan, and co-invest)
As a general partner, sharing a very small portion of that 20%, this deal would not be worth my time. We construct deals like this as a place to multiply our own capital by investing our cash on the LP side of the deal. That’s why 80% of the profit goes to those partners-because it is the same people running the deal on both sides. These are the type of syndications I look for-where the general partners are running the deal to keep their money working-not simply to generate management fees for themselves.
Are You Interested in More Information?
Fernando & I are hosting a 60 min. Zoom Presentation for Potential Investors
- 12ET/11CT this Thursday 11/21
- Zoom link: www.REIDiamonds.com/zoom
- Please mark your calendar right now