TOAK the Thread Of All Knowledge VIII
04-30-2017, 04:24 PM
Seasoned HDF Member
Hahahaha....
Dang Cialis is #&%@!#$ expensive. Hmmmmmm.
Now if I could only cut grass for a little money on the side........
Dang Cialis is #&%@!#$ expensive. Hmmmmmm.
Now if I could only cut grass for a little money on the side........
04-30-2017, 04:28 PM
Seasoned HDF Member
04-30-2017, 04:32 PM
Club Member
04-30-2017, 04:43 PM
Extreme HDF Member
One went up near me several years ago. Guy paid $600K for a garbage piece of land (sale was listed in the paper). he then spent $250K on site work(friend of mine did the work and told me) and then had the cost of the buildings with computerized kiosk, electric gates and paving for 85 units. I did the math and assuming a mortgage on the deal, if he were at 100% occupancy 365 days a year, he couldn't cover his costs. I figured he had at least a $1 mil into it. He sold it a few years later for $1.3 million which was totally insane. They just advertised an auction for unit contents due to lack of payment....25% of their units were not being paid........something really fishy going on.
Simple math, 85 units, maybe around $150 average = $13k/month. $1MM loan = NO CASH FLOW...= insanity.
04-30-2017, 05:30 PM
Seasoned HDF Member
Those kind of places are all over. I am amazed that there is that many people out there in need of storage for their junk. Short time maybe - but long term?
04-30-2017, 05:36 PM
Seasoned HDF Member
Women! They make us pack rat stuff they might need eventually. I bet 1 out of every 4 storage units has a sealed bag with a wedding dress in it. And I bet those dresses won't fit them any more.
04-30-2017, 05:43 PM
Club Member
The number of garages I see around here that are so full of **** that people can't get 1 car in it let alone 2 is mind boggling. Boxes and boxes stacked floor to ceiling that probably haven't been looked in in years. Throw away some stuff!
04-30-2017, 05:44 PM
Seasoned HDF Member
04-30-2017, 05:46 PM
Club Member
Hahaha!
You have one of the cleanest garages I've seen! But now with that nicely finished basement, that won't last long.
You have one of the cleanest garages I've seen! But now with that nicely finished basement, that won't last long.
04-30-2017, 05:47 PM
Big Kahuna HDF Member
Everyone around here is close to to one another in price. A large unit (10 x 20) brings $130 a month...so $150 is not an average price....probably closer to $100 which makes it even more insane.....