[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  MOAC💰🏃🏻♂️💨🏁 [@mindofachaser](/creator/twitter/mindofachaser) on x 2184 followers Created: 2025-07-25 17:52:14 UTC Finalizing quotes for a 51-unit, 8.2k sqft storage facility expansion. Work should be starting in August. Total projected cost to build: - $39/sqft - ~$320k in total - projected income: $5.2k/month - land could end up costing $XXXX TLDR on this property: - Called an old farmer (see quoted tweet for how that went) - Bought a storage facility + duplex for $1.1M in 2021, appraised at $1.45M on closing day - Everything was pen and paper, brought it to the 21st century, raised rates, rented out empty buildings - Got approved for XX new units, built and rented in 2024 for $100k - Got friendly with the neighbor next door - Took a second mortgage for $200k, bought the house and X acres next door for $435k - Before closing on the house, spent 8-9 months getting the XX units approved (see replied tweet) - Closed on the house, got BLA and permits approved by June 2024 - Rented the house, cash flow was negative $400/month - Refinanced in July 2025, finalized BLA, took X acre from the house, house appraised at $450k, now breaking even each month - With that X acre from the house we can build XX new storage units that’ll bring in $5.2k/month Numbers: - Storage facility + duplex: $1.1M + $200k second mortgage - XX new units: $100k (50% cash) - House next door: $435k - Cost to build XX more units: ~$320k All-in cost: $2.155M Cash invested: ~$445k Projected income: $26.5k/month Projected NOI: ~$223k At X% cap rate = $2.78M valuation Also going to do a retroactive cost seg study, likely this year, with XXX% bonus depreciation. That’ll save us around ~$80k in taxes this year. Not bad. Now the other neighbor wants to sell us his house. Might have to buy the whole neighborhood and just rinse, and repeat. P.S. Guy who sold us the original facility wants to sell us another lot with XX units, going through alot of legal BS so that’s been delayed. Hoping he can resolve it.🤞🏼 💰🔁📈 XXXXX engagements  **Related Topics** [china](/topic/china) [rates](/topic/rates) [tariffs](/topic/tariffs) [money](/topic/money) [$145m](/topic/$145m) [$11m](/topic/$11m) [$52kmonth](/topic/$52kmonth) [$320k](/topic/$320k) [Post Link](https://x.com/mindofachaser/status/1948803491624841280)
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MOAC💰🏃🏻♂️💨🏁 @mindofachaser on x 2184 followers
Created: 2025-07-25 17:52:14 UTC
Finalizing quotes for a 51-unit, 8.2k sqft storage facility expansion.
Work should be starting in August.
Total projected cost to build:
- $39/sqft
- ~$320k in total
- projected income: $5.2k/month
- land could end up costing $XXXX
TLDR on this property:
- Called an old farmer (see quoted tweet for how that went)
- Bought a storage facility + duplex for $1.1M in 2021, appraised at $1.45M on closing day
- Everything was pen and paper, brought it to the 21st century, raised rates, rented out empty buildings
- Got approved for XX new units, built and rented in 2024 for $100k
- Got friendly with the neighbor next door
- Took a second mortgage for $200k, bought the house and X acres next door for $435k
- Before closing on the house, spent 8-9 months getting the XX units approved (see replied tweet)
- Closed on the house, got BLA and permits approved by June 2024
- Rented the house, cash flow was negative $400/month
- Refinanced in July 2025, finalized BLA, took X acre from the house, house appraised at $450k, now breaking even each month
- With that X acre from the house we can build XX new storage units that’ll bring in $5.2k/month
Numbers:
- Storage facility + duplex: $1.1M + $200k second mortgage
- XX new units: $100k (50% cash)
- House next door: $435k
- Cost to build XX more units: ~$320k
All-in cost: $2.155M Cash invested: ~$445k Projected income: $26.5k/month Projected NOI: ~$223k At X% cap rate = $2.78M valuation
Also going to do a retroactive cost seg study, likely this year, with XXX% bonus depreciation.
That’ll save us around ~$80k in taxes this year.
Not bad.
Now the other neighbor wants to sell us his house.
Might have to buy the whole neighborhood and just rinse, and repeat.
P.S. Guy who sold us the original facility wants to sell us another lot with XX units, going through alot of legal BS so that’s been delayed. Hoping he can resolve it.🤞🏼
💰🔁📈
XXXXX engagements
Related Topics china rates tariffs money $145m $11m $52kmonth $320k