Investments

Been looking into a self-storage facility for the last few weeks. Still waiting for some documents on it, but will hopefully make a decision in the next week or so. It's being built, so I wouldn't be buying an existing facility. This means more potential profits, but also more chance something could go wrong.

The duplex that I was going to buy in Oklahoma I have decided not to buy. Don't know if I posted many updates on that, but it's been a long process. I flew out to Oklahoma on my way back from Vegas this summer, and one of the units was not what it looked like when I initially got it under contract. There were some bad tenants on one side and the place was a mess. Definitely a little damage too. They weren't there to show us, so I couldn't even see the inside, so before I flew back east I told my agent out there to cancel the inspection scheduled for the next day because if they couldn't get into that side I didn't want to pay for an inspector to come out. I talked with the owners/their agents, and said if the tenant was evicted, that's the only way I'd consider still buying it. Took forever, but they finally evicted the tenant, but now it needs a little fixup and still needs to be re-rented. I guess there's still a little possibility of me buying it if they come down in price a bit and I decide it's worth the hassle. Thing is, the place might be worth $75k+, so if I could somehow get it at like $55k and have it cashflowing $500+/month, I think I might have to buy it. My investment strategy has changed a bit since I originally got it under contract though, so it'd have to be a steal for me to change my mind.