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Updated over 3 years ago, 05/16/2021
Self storage as a 1031 option
Hi all,
As much as I like to proceed with caution and take my time, I'm coming up on a potential 1031 where I may not have that luxury.
My target replacement of a multi-tenant flex/warehouse industrial property in the sub $1mm price range is proving to be very difficult to find (in the right market that is) so I'm also considering SS, which I've researched at basic levels over the past few months.
Wondering if there are any recommendations for a crash course approach to maybe put me on track for finding the right SS option. To clarify, I'd be an absentee owner and would utilize 3rd party management but really need to be cautious with all decisions.
I'd appreciate any thoughts or suggestions.