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Ryan Auger // Industrial & Storage Profile picture
Ryan Auger // Industrial & Storage
@redwood_ryan_a
$18M real estate owned (w/ investors) | 160k sqft of self storage and multi-tenant industrial. DMs open, link to our website and mailing list below!
Jan 4 • 25 tweets • 7 min read
My biggest deal of '24, the pièce de résistance of my real estate investing career, has just closed, and it’s time to share.

Here is the story of how I bought my dream property (w/ 2 extra houses) on 49 acres in the town I love, off market, 100% seller financed, at 4% interest👇 Image First up, how did we even find this property?

Simple: we mailed everyone who owned over 5 acres within a 15 mile radius of the town we wanted to live in.

It cost $99 and 10 minutes of using Propstream to pull the lists and combine them. The final list had 879 names. Image
Jan 4, 2023 • 20 tweets • 5 min read
Self Storage Development Series, Part 1 of X

Have you ever looked at asking prices for crappy storage facilities and wondered, "why would I pay this crazy price when I could build a class A property, exactly where I want it, for the same price?"

If so, this series is for you! In our first installation, I'm going to walk through site selection.

I'm going to do my best not to divulge the exact location; I don't want any of you building nearby or doxxing my facility once it's up and running. If I divulge it accidentally, please don't be crazy about it.
Nov 7, 2022 • 10 tweets • 2 min read
I'm going to start building in public a lot more going forward, talking about our ongoing developments, acquisition value add, ie not just our wins. To kick it off:

Our first FT acquisitions team member started last Monday, and I've been drinking from a firehose since then. Deal flow has been great, making at least one offer *per day* on off market properties. I vastly underestimated the pace at which we'd be able get in touch with interested sellers.

I spent the week leading up to his start date beefing up our acquisitions flow.
Apr 22, 2022 • 13 tweets • 4 min read
Deal Review: $1.7m equity in 138 days.

On December 6th, we closed on a two property off-market portfolio of 50k sqft for ~$2.3m. Based on March's NOI, our facilities are worth ~$4M today, just 138 days later.

A 🧵 on how we landed the deal, added value, and even some raw #s 👇 How we landed the deal: It was luck. Not "lottery" luck, but the type of luck that stems from spending all day calling owners for months to see if one would bite. And then winning the lottery.

After ~4 months of dialing...