Site visit revealed some damage (max $3-5k in repairs) to some units and a lower occupancy (approx 20% less) than stated by the seller. I sent an emailing to the broker detailing the unexpected necessary repairs, the lower occupancy observed, along with about 40 pics of the issues. I also sent an addendum reducing the sale price by $20k (10%). Seller agreed to new price, which is $85k (33%) lower than the list price. Currently under contract at $19.44/sqft. Always ask for what you want. Never know what their true motivation might be. The worst they can say is no. (Kinda kicking myself for not asking for more 😂😂😂)

Submitting my first LOI on a storage deal — and wow, the nerves are real... but so is the excitement. It’s been a journey learning how to underwrite, analyze returns, and craft offers (thanks ChatGPT) — and I still have so much to learn. But today feels like a milestone. One step closer to real momentum. 🙌🏼 Appreciate this community more than you know. More updates to come as I continue to sharpen my numbers and confidence in this space. Let’s build something big. 💥– Jen

Welp im excited, running some numbers on a spot in AL and it looks promising. Going to hopefully talk to a bank about it tomorrow and get a better idea.

Welp, its a small win but I have not given up. I may have a investor, long as the local is in my county. Also, I have a meeting with a different bank to get information for loans and such.

Congrats to coaching clients @Jill Schmieding and @Reed Swartley for both submitting LOIs this week. Both have built a robust prospecting practice (be the bear) and spent time making calls and sending direct mail. They also leverage Crexi and brokers to create that inbound flow we love so much. This taking action has multiple deals on their plate - several of them completely off-market 💪 I am so proud of you both - and that first deal is right around the corner.