How a 3-Suite Retail Building and a Storage Hybrid Strengthened My Portfolio | Ep 108

(Watch the YouTube video of this episode here) In this episode of the Furlo Capital Real Estate Podcast, we dive into our recent purchase of two unique properties: a set of retail offices and a mixed-use building including a storage facility, apartment, and warehouse. We discuss our approach to these investments, including a breakdown of the numbers, financing strategies, and the potential income from these properties. Join us as we talk through the details and our plans to enhance and manage these investments for long-term success.// Key Moments (00:00) Intro(01:36) Details of the Property Purchase(02:42) Analyzing the First Property(06:12) Financial Breakdown and Future Plans(11:06) Exploring the Other Building(12:30) Storage Units and Rental Potential(13:17) Financial Projections and Mortgage Math(16:37) Warehouse Rental Opportunities(21:07) Final Thoughts and Investment Opportunities// 7 Key LessonsReverse-engineer the deal from the bank’s perspective: Start with NOI and DSCR to see what a lender will actually loan you, instead of guessing value first and hoping the math works later.Speed is leverage when sellers need certainty: Waiving contingencies and closing in two weeks turned urgency into a competitive advantage when the sellers needed fast liquidity for family reasons.Mixed-use doesn’t mean messy—it means flexible: A single property can quietly house salons, pet acupuncture, and pet physical therapy while spreading tenant risk across unrelated businesses.Conservative underwriting is a feature, not a flaw: Using higher vacancy assumptions (10% for storage vs. 3% for retail) and modest rent estimates builds margin for error—and lender confidence.Storage units quietly carry entire deals: Eleven mid-sized storage units produced all current income and drove most of the upside, even while other spaces sat underutilized.Small rent changes can unlock massive refinance power: A $1-per-square-foot increase on a warehouse translated into meaningful NOI growth—and real lending leverage.Simple math beats fancy spreadsheets when you know the asset: Familiarity with the property type made back-of-the-napkin underwriting both faster and safer.// Let's build your wealth and improve housing, together.I spent 12 years as a data scientist at HP and purchased $5M worth of real estate over 15 years using my own money. Now, I'm partnering with busy professionals to diversify their investments and generate passive income through real estate syndications and short-term flips—without dealing with tenants, toilets, or tantrums.At Furlo Capital, we believe real estate isn't just a transaction; it's a partnership. Our value-add approach creates win-win situations where residents thrive, and investors build wealth. We're not just in this to make money—we want to make a difference.If you're ready to diversify from stock market volatility and want reliable, steady returns, let's build your wealth and improve housing, together.Want to dive deeper into my investing thesis and strategy?👉 Learn more: https://furlo.comCurious about the critical questions to ask before investing?👉 Get my 196-question due diligence vault: https://furlo.com/good-deals-only-ebook// DisclaimerPlease note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors.