Eric

@ChadGriffiths Grip it and rip it (the lease).

How long do you give this new business before it’s converted back into industrial space?

@walker_rouse Very hard work. Difficult to be a judge as long as their customers are happy.

@sellercarry Toured similar spaces. Grilling out in the warehouse with beer in hand, taking turns laboring and chilling. As far as I could tell they did good work but on their own time.

Based on the number of beer bottles, the craftsmanship is really great or really bad.

@lgsguy I think portion sizes are more generous when you're using a knife.

@sellercarry You just unlocked a core memory… my great grandma used to whip up ice cream slabs

I fondly remember when ice cream used to come in a box. My dad would unfold the box and slice-off slabs of ice cream with a butcher knife.

@jinyuqilin1 Definitely a vibe

@sellercarry That warehouse vibe checks out. Beer breaks and all, they did solid work

@Karina_inCRE You could take house-hacking to a whole new level.

if i was a single guy, this is the kind of property i would buy crexi.com/properties/203…

Minus points for light beer.

@Empty_America There's a point where screens in the classroom is just lazy. Especially for K-12. If you can park your kid in front of a computer that teaches your kid, what's the point of teachers and school?

It will be interesting to see future competition between kids who attend no-screens private schools and those who go to Ai Alpha Schools, etc. Both cost about the same, I think the no-screens option might draw even richer people if anything.

@industrialOSguy Cowboy hat because it's next to a dairy?

🤠

@iononrecourse Very true. Vacancy is one my biggest costs for getting market rents.

Some of the happiest landlords I know keep their rents low. As one (with a dated building in an exceptional location) told me "more rent just means more taxes", and prefers getting paid in appreciation and having a 30 day termination right. There's a cost to getting market rent.

Despite all of Florida's problems (hurricanes, insurance, litigation), it sure has many benefits. One that keeps coming up in my conversations is the school voucher. Any Florida K-12 student can get a voucher for ~$8k per year. This can be used towards any school including homeschool. I've talked with several families that are considering a move to Florida because of this one thing.

@AdamB1438 I'll take all the local, rusty buildings.

@sellercarry Perfect

Recently got this old industrial property under contract. 1.3 acres, 16k SF of warehouse space, 5 tenants, Orlando. Simple plan to improve property (new roofs, asphalt, unit renovations) and bring rents to market. Rents are ~40% below market. We own same asset type nearby.

@Vanessa36049712 Chatgpt bots are running wild these days.

Wow, that scene is so vivid! Cutting a slab of ice cream with a butcher knife—it really captures the ritual of that era. Plus, a single box of Neapolitan ice cream gives you three flavors, which is the perfect solution for decision paralysis 😂 It’s rare to see thick cardboard boxes and people cutting ice cream with a knife these days—did your dad have any special techniques when he used to cut it, like which layer he’d start with?

Went the same route as glass containers and frozen concentrate juice.

@Jeffdthompson Thank you! The more dents the better in my book.

@sellercarry Looks like a good one! Congrats

@siliconeroofguy @cashkern Sure, send me a quote. I'll be there Thursday afternoon if you want to visit the site.

@sellercarry @cashkern Perfect world with typical priming, minimal rust cover and no surprises.. $3

@mattjonesmcm Seller is holding a note! But I do have a good lender for this type of stuff. Happy to share if you DM me.

@sellercarry Nice deal! Did you finance? Curious if you did a bank/credit union deal or went debt fund. I ask because we did a similar looking deal in DeBary recently and had to go the bridge/debt fund route

@siliconeroofguy @cashkern I've done several foam and elastomeric coatings before. Never silicone. How much would it run PSF assuming no metal repair?

@sellercarry @cashkern Want a second opinion on the roof numbers to see if you can repurpose some of that budget? I’m a local here in Orlando myself and we do silicone coating restorations for a fraction of the cost of replacements for flat roofs.

@coleruudjohnson Cheers to undy man. Made himself an extra $300k just by eating ice cream in the backyard.

We had a $300,000 assignment fee fall apart. At the final walkthrough, the seller was sitting in the backyard in the middle of the day, eating ice cream in his underwear in a folding chair. Even though everything checked out, we feel he was a bit loony & walked away. We then shortly after had an $175,000 deal come together. Shortly after that, another two $100,000+ assignment fees. Across SFR & Commercial deals, we figured out a way to position ourselves in front of deals & sellers where there were constantly $100,000+ spreads. -- Use a tool like Valpro+ to get real-time satellite rankings on property condition -- Stack your lists and only market to people who show up on 3+ lists -- Focus on markets that are like 30-45 minutes outside of a major metro That'll start getting you in front of more of these sellers. Next week, I'm going over that and a TON more on a free Zoom call. You'll leave understanding the marketing, systems, processes, team, & tools you need to consistently do home-run off-market deals. No matter your asset class/market. (Link below in the comments)