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Updated over 2 years ago on . Most recent reply

User Stats

14
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8
Votes
William Thing
  • Seattle
8
Votes |
14
Posts

Looking to purchase my first Self-Storage unit

William Thing
  • Seattle
Posted

Hello BP Community!

I'm looking to purchase my first Self-Storage unit. My biggest hurdle at the moment is finding & analyzing deals for self-storage units.

I have been trying to consume as much information as I can from various methods such as BP forums, podcast, and books.
Actively looking at loop.net and similar sites to look for self-storage units as well as come up with creative value-add ideas for prospective units.

What advise would you give to someone at this stage/starting out like myself. 

Any resources that you would recommend (books/podcast/mastermind/courses/etc) would be extremely helpful as well.

Books I've read in this space:

Storing Profits - Paul Moore - This book and podcast with Paul Moore pulled me into this space :)
Raising Private Capital - Matt FairCloth
Long Distance Real Estate Investing - David Greene


I look forward to your recommendations/response!

Best,

Will

Most Popular Reply

User Stats

352
Posts
295
Votes
Scott Krone
  • Investor
  • Northbrook, IL
295
Votes |
352
Posts
Scott Krone
  • Investor
  • Northbrook, IL
Replied

@William Thing and @Sergey A. Petrov there are many commercial brokers as well as wholesalers that focus entirely on self storage.  It is helpful to have a sense of what asset class you are looking to purchase, as that will give the brokers guideance.  

  • Scott Krone
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