We currently own 10 facilities and $12MM worth of self storage.
We have 12 more worth $22MM under contract to close in the next 3 months and we're sending 5+ offers a week.
This is going to be a big year.
We have 12 more worth $22MM under contract to close in the next 3 months and we're sending 5+ offers a week.
This is going to be a big year.
What we're buying:
Mom-and-pop self storage facilities in tertiary / rural markets.
Wrapping them in technology, cutting costs, increasing revenues, refinancing, holding forever.
Mom-and-pop self storage facilities in tertiary / rural markets.
Wrapping them in technology, cutting costs, increasing revenues, refinancing, holding forever.
We’re drinking out of a firehose. There are 25,000+ of these things in the USA owned by private owners.
I’ve consulting 50+ ppl in the past 6 months who are looking seriously at their first deal.
DM me if you need help!
I’ve consulting 50+ ppl in the past 6 months who are looking seriously at their first deal.
DM me if you need help!
How much capital is required?
You really want to buy a $500k+ facility. To do that you need 30% down ($150k) and I would have another $100k in liquid reserves.
So 1/4 million bucks.
If you have wealthy friends you can raise outside cash. But you’re going to need to PG the loan
You really want to buy a $500k+ facility. To do that you need 30% down ($150k) and I would have another $100k in liquid reserves.
So 1/4 million bucks.
If you have wealthy friends you can raise outside cash. But you’re going to need to PG the loan
This is an interesting take.
You’d think more tenants and lower payment amounts would equal more stress.
But self storage isn’t rocket science to manage.
You’d think more tenants and lower payment amounts would equal more stress.
But self storage isn’t rocket science to manage.
https://twitter.com/hunterjones23/status/1356756310923091968
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