Self Storage- Italy Amalfi to Rome????

[Henry Clark]

Getting ready to take a trip through Italy.  Thought I would spice it up some.  Who knows, maybe even write-off our trip, after I talk with my CPA and schedule a visit with one of you.  Most of Europe is bare ground for Self-Storage.

If you're in Italy and are interested in Self Storage there, respond back in a separate post and copy me on it.  I'll put together an attack plan that you can digest and see if it's a field you want to tackle.  Don't worry about if it is a 10-person town or 10mm population; can develop a plan for you.   Next year working on Croatia.  Already posted helping a young person out there.

Info from you:

1.  Collateralization or cash for the deal.  Example:  $0; $100,000; $200,000; $500,000; $1mm

2.  Financing- Loan to value.  Example: 10%; 20%; 40% collateral

3.  Interest- interest rate and payment terms.  Example:  7%, 5-year balloon, 25-year amortization.

4.  Zoning- you will have to research.  I make some points to check on.

If we meet up, you owe me a Limoncello and a Pistachio Cannoli.

Did Northwest Italy last time.  Doing the typical Tourist sites this time, in the Southern and mid regions.

Actually, next trip is probably Sicily.  Our son Ryan is based with the Navy there for a few years.  He is still earning money on his Self-Storage investment back here.  Double Dipping.