Re: How to buy a warehouse

On 2010-03-29, Steve B <deserttraveler@xxxxxxxxxxxxx> wrote:

"Ignoramus8246" <ignoramus8246@xxxxxxxxxxxxxxxxxxx> wrote in message
news:78ydnaX0Hdxhui3WnZ2dnUVZ_jadnZ2d@xxxxxxxxxxxxxxx
On 2010-03-29, Larry Jaques <ljaques@xxxxxxxxxxxxxxxxx> wrote:
On Sun, 28 Mar 2010 21:16:44 -0500, the infamous Ignoramus8246
<ignoramus8246@xxxxxxxxxxxxxxxxxxx> scrawled the following:

I keep hearing that commercial real estate is in bad shape. At the
same time, valuations of stocks are up 70% and I would like to
diversify my investments a little bit, as I am mostly invested in
stocks.

I would like to try to buy a small warehouse and just rent it out
forever. This would not be a purchase for a quick flip.

I was trying to find out some basic things, like rents per square
foot, prices per square foot, see listings of what is available, etc.

When I just do web searches on this stuff, I come up with so little,
as if information on this was classified.

I am in Chicagoland and would be interested if someone can help me
get started with some useful pointers or experiences.

Go talk with a REA, Ig. They can tell you what's out there and who's
ready to sell cheap right now. Something close to you so you can
check on it frequently, right? Warehouses near airports are always
full...in good times. You might find a really nice place in these
economic times. You might also find a small place for your own stuff,
so you don't have to fill up your garage and driveway, eh?

I will start earnestly looking. I did look a bit on loopnet and it
seems that there are some affordable deals. With a bit of looking I
may be able to find some kind of a buyout deal, where I buy a
warehouse with machinery and sell it off in two months, or something
like that, to help pay my costs.

i

It's a soft market, ig. Who are you going to sell the machinery to if
places are going out of business, and there is a glut for equipment? You
could get into a storage situation with a lot of inventory, but not a lot
going out the shipping dock. I know that you are moving stuff right now,
but you don't have the big nut you would have in a building, where the first
$XXXXX a month that comes in is already promised.

Why don't you do this? Start on a small scale, and see how it works. If it
doesn't, you don't have a large warehouse and a lot of equipment, sitting
there like a horse that just eats.


Steve, most machinery sells very easily, if one does not demand
pre-2008 prices. I was not considering buying anything that I could
not afford without big pain.

i
.

Relevant Pages

  • Re: How to buy a warehouse
    ... diversify my investments a little bit, as I am mostly invested in ... I would like to try to buy a small warehouse and just rent it out ... ready to sell cheap right now. ... It's all business, ig. ...
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  • Re: How to buy a warehouse
    ... valuations of stocks are up 70% and I would like to ... diversify my investments a little bit, as I am mostly invested in ... I would like to try to buy a small warehouse and just rent it out ... ready to sell cheap right now. ...
    (rec.crafts.metalworking)
  • Re: How to buy a warehouse
    ... valuations of stocks are up 70% and I would like to ... diversify my investments a little bit, as I am mostly invested in ... I would like to try to buy a small warehouse and just rent it out ... seems that there are some affordable deals. ...
    (rec.crafts.metalworking)
  • Re: How to buy a warehouse
    ... valuations of stocks are up 70% and I would like to ... diversify my investments a little bit, as I am mostly invested in ... I would like to try to buy a small warehouse and just rent it out ...
    (rec.crafts.metalworking)
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