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Updated over 4 years ago, 07/10/2020
Self Storage with 1031?
Hello all. I've been investing in SFR rentals for the past 8 years and looking at other options. In order to take the leap and commit to taking action, I decided to sell one of my SFR in order to 1031 exchange it into a Self Storage facility.
I have a business partner that has done a number of commercial transactions and investing.
One of the things we've noticed is that calling on Commercial Brokers hasn't been that fruitful as 75% of the properties that are showing available aren't anymore.
With this being our first self storage facility purchase, I wanted to see what kind of feedback I could get on making this a reality.
Thanks in advance.