Angella's Real Estate Secrets & Insider Tips

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Folks,

If anyone is aware of commercial properties that meet the criteria listed below, please let me know.  Thanks, Angella

Apartments:

• 75+ units
• On-site management
• Produce 10% cash on cash return based on Actuals, not ProForma
• Class B & C props.
• Located in A, B, or C location; no class D areas
• Upside potential in rents or management
• Pitched roofs
• Individual meters
• Assumable debt
• No boilers
• No Loopnet Listings

Self-Storage Facilities:

• Min 30,000 sq. ft. rentable area
• On-site manager
• Built after 1980; preferably 1985-1995.
• Nothing less than 3 years, no Class A
• 85% occupancy
• Preferably additional/adjoining land available
• Near/on major streets – residential/commercial real estate mixed area
• Near multi-unit apartments
• Near medical facilities & offices

Areas of Interest:

• SC – Charlton, Greenville , Columbia , Savanna, La Grange
• NC- Charlotte, Raleigh, Fayetteville, Wilmington, Asheville
• AR- Ft Smith, Little Rock
• UT – Provo, St George, SLC- near transit system only
• TX- Austin, Dallas, San Antonio, Marcos, Brownsville, Longview, El Paso, Amarillo, Arlington, Abilene, Texarkana (AR side, too – college on TX side, but AR side is still ‘in state’ tuition for students, airport is there)
• OK: Tulsa- south of 44 or 71st St, or North to Owasso, or east to Broken Arrow (sic); Oklahoma City- NW (lots of competition)/ SW (good, not as $$$ or competitive)
• CO – Greenley
• IA – Des Moines (only Midwestern area)
• ID – Cord Elaine
• KS- Wichita (More unemployment now? Similar to Tulsa- stubborn sellers)
• MO – Kansas City (not KS)
• NB – Omaha
• WA – Tacoma WA, Olympia, NO Seattle ($$$)
• MS – Gulfport
• AL – Shreveport, Montgomery, Mobile, Huntsville (good), Lafayette
• TN- Memphis- east side- NOT far east, near Germantown
• TN – Nashville (southeast/northwest only), Chattanooga – close to river
• GA – Augusta
• KY – Louisville, Lexington
• PA- Pittsburg (we don’t know the area well)
• OR- Bend