Brrrring Self storage?

[Daniel Brown]

Hey BP! I’ve been diving deep into self storage research. Trying to figure the ins and outs. The one thing I can’t find out about is “Can you brrrr a self storage facility like you would a multi family property?” 

Any Direction to blogs, posts or links that I can read would Be great! Also if anybody has experience doing this in Self storage id love to hear that too! Thanks in advance!

[Wendy Carpenter]

I'm in the middle of a refi on a BRRR self storage right now! Bought a facility run by meth dealers 15 months ago and doubled the NOI within 6 months. Physical occupancy was 100%, but economic occupancy was more like 60%. We then bought 2 more lots 8 months later using owner finance and it's worth around double what we paid for it. BRRR'ing self storage is the best way to do self storage!