Inside our $20 MILLION K-Mart Conversion
This is a MASSIVE self storage deal, with the estimated cost of the deal being $20,000,000! What are some of the implications and factors we consider?
Ryan Pineda and I have teamed up on this incredible deal, and we're not dealing in hundreds of thousands of dollars - we're dealing in MILLIONS. So we have to be extremely cautious and considerate of all the different factors that go into an acquisition and the following conversion.
What is the local market like?
What are the large expenses and repairs?
How much is the property projected to be worth?
What is that risk?
Find out in today's episode what our plans are for this abandoned retail store in the middle of the Nevada desert.
Keep in mind, this info is for real estate investing educational purposes only. Learn more about us at our website:
https://www.cedar.cc
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/ ryanpineda
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CHAPTERS
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0:00 The Deal
1:14 Two Sides to a Deal
2:51 Market & Drivers
3:49 Major Problems
6:07 What will it cost?
7:48 Timelines & Demand
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Thanks for watching!
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