How I turned around a Self Storage Facility in just FOUR days!
Sunday, September 08
I find that one of the biggest concerns new storage investors have is how they will deal with the transition into ownership. It can feel a bit like a big elephant and knowing where to start can feel overwhelming. So I thought I would shed a little light on the situation. What follows is an expl...
Why Closing on Your First Self Storage Deal Might Feel Terrible...
Monday, September 02
Logistically speaking, closing on your first storage deal is pretty straight forward. Its not all that much different than closing any other commercial property save a few industry specific nuances that I will touch on in a future post. Generally speaking though, depending on your state (and you...
How to Fund Your First Self Storage Deal
Sunday, August 25
Often times, new investors ask me “How will I even buy a deal once I find one, I don't have the money?” And while that is a valid question, I believe that it is putting the cart before the horse. There are countless way to fund a deal (Seller financing, Private Debt, Private Equity, Conventional...
Self Storage Investing - Making an Offer
Saturday, August 17
Last week we explored how to analyze a self storage facility and figure out if its a deal. If you missed it, you can review that information here:https://www.biggerpockets.com/member-blogs/3915/86269-self-storage-investing-how-to-figure-out-if-its-a-dealNow that you know how to value self storag...
Self Storage Investing - How to figure out if its a deal?
Saturday, August 10
If you've been following along the past couple weeks, you know that we've covered how to find Self Storage deals. When you find a deal that has merit, you are going to want to dig deeper. With a little practice you will be able to complete your preliminary analysis in 30-60 minutes (don't be dis...
How to Find Your First Self Storage Deal - Part 2: UNLISTED PROPERTIES
Saturday, August 03
Last week we discussed the ins and outs of farming the listings for your first storage deal. While there are deals to be had hidden amongst the numerous NON-deals that populated the listings, it may be necessary to dig deeper than that. One very effective technique is to send direct mail to the o...