@Mr_Neutral_Man@thepupil11 For an investor with a public markets background in a different sector who is new to REITs, where would you recommend they begin?
during my salad days (read: no money to pay the owner), I came across a guy in a woodworking fb group asking if anyone knew where he could buy bulk wood screws and casters cheaper than Home Depot…
It seemed like a weird request so I DM’d him and asked about it, and he said he was a SAHM dad who cleared about $5-6k per month making workbenches in his garage after his kids went to bed: all sales via FB marketplace.
Design was pretty simple - 2x4 legs, frame, and 3/4” CDX ply top and shelf. He said he’d sell for $300-500 (size depending), and was about $100 into each table (ex labor).
Intrigued, I asked if I could Venmo him $50 for a bunch of pictures (he said yes): I created my own FB listing, asking ~$400 per table ($300 profit), and the orders started rolling in.
For about a year and half, I’d make and sell 10-20 tables a month out of my garage. I got so i could finish a table in 30 minutes, not including time spent grabbing materials or back and forth on Messenger.
If you can do math, that’s $5,000-8,000/per month in “table profits”. I suppose if I was better at doing my day job, it wouldn’t have been necessary - but we do what we need to do to survive.
You can just do things.
@MJRSelfstorage Any idea what percentage of a 10,000 sqft (or however big) piece of land can be converted to a building?
Meaning if there's a piece of land adjacent to an existing facility, how much of that land can I build on?
I understand it'll differ due to zoning but any rough math?