Here is the quick backstory... When we moved to town i looked up the local commercial brokers and started making some calls to introduce myself. I let them know who I am, what I do and what I am looking for. Then a few weeks ago I get a text from one of the brokers and they have a piece of land I am interested in and they are about to list it. He said he remembered me and wanted to give me a shot at it because I am local. 2 days later I sent an offer at 75% of asking price. Crickets for a week... I call him and he says we are too far apart for them to counter me and the timeline I was offering was too long (I tried to get this locked up for about 5 months!) So I tell him I am happy to shorten my timeline but as a development play I will need a decent window to work with. Then I send another offer at 85% of asking (a week ago) and still no response. To be honest, i am not 100% sure of what I would do with the land but the location makes me think I will have a handful of decent options. My thinking is to get it under contract, then figure the rest out. I am curious to hear from others on this...What would you do in this situation?

Who is everyone using for property insurance for their storage facilities? Need some recommendations...thanks!

The great thing about a community like this one is that you can pick up the phone and connect with other members. I had the opportunity to chat with @Tommy Xaysongkham this morning. Sharing and helping others is what it's all about!

This is a great listen from a smart man sharing data on the market. He operates in the multi family space, but that parallels closely to storage. This explains why we are seeing declining demand in many markets. https://podcasts.apple.com/us/podcast/willy-walker-chairman-and-ceo-walker-dunlop/id1540843402?i=1000764784687

One of the things I struggle with is how much due diligence to do prior to making an offer, especially with market saturation. Curious to hear what others are doing in terms of what DD is done PRIOR to an offer and what DD is done AFTER you're under contract.