Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

38
Posts
25
Votes
Thomas D.
  • Cumberland Gap, VA
25
Votes |
38
Posts

I have money for Self Storage - What state to buy in?

Thomas D.
  • Cumberland Gap, VA
Posted

I've decided to get us out of residential property. Its just not going to get us where we want to be in the next 10 years. We have about 600-700k ready in cash for a storage unit facility and would consider buying anything under 2M with that cash.  I see units for sale and understand the number of units and price per square foot vary tremendously across the country. I have multiple opinions for JLL's best brokers and Colliers about wha to do but its all over the board about getting in now or waiting.

I think the market for a small guy like me is to find ( some state) and look for class C or B properties under rented and use new technology to get it more operational and leased up + strong SEO marketing to drive traffic.  Im going to got to Scott Meyers could in January and I've talked to the Storage Authority Franchise.

But the question remains --> What state to buy in?  

Loading replies...