People's Choice Storage - Boat and RV storage

[Josh Collins]

Investment Info:

Other commercial investment investment.

Cash invested: $75,000

Investor in a syndication deal on an RV and Boat storage facility in Punta Gorda, FL. People's Choice Storage

What made you interested in investing in this type of deal?

Outdoor storage is getting harder and harder to come by in metro areas.

How did you find this deal and how did you negotiate it?

I am part of the Self Storage Investing network.

How did you finance this deal?

The General Partners got a commercial loan and syndicated investor money for the down payment and improvements.

How did you add value to the deal?

Better website, ability to take online payments, better gate access, better online searchability, raise rents.

What was the outcome?

N/A

Lessons learned? Challenges?

N/A

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Scott Meyers