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All Forum Posts by: Joshua Chapin

Joshua Chapin has started 2 posts and replied 6 times.

Post: shipping container storage

Joshua ChapinPosted
  • Jefferson, OR
  • Posts 6
  • Votes 2

Scott, my biggest hang up is knowing county/city rules. How do I go about learning what types of property I can do this on? Little rules such as keeping the containers 5 ft from the property line for fire code.

Post: shipping container storage

Joshua ChapinPosted
  • Jefferson, OR
  • Posts 6
  • Votes 2

Charles- my parents ran into the same problem. After talking with a few county departments they bought a 400k property to find out that the property type will not suite their container business. Their welding business is located on a IG property and they can have containers on that property no problem.

Chad- I am going to run with the idea just need to find how to pay for it all. Like you said at least I can start small and get some residual income flowing.

Post: shipping container storage

Joshua ChapinPosted
  • Jefferson, OR
  • Posts 6
  • Votes 2

Chad, I have thought about splitting the containers in 2 compartments but haven't came up with the answer yet. The containers definitely need vents to keep codensation down. My after buys the containers for 2k each and rents the whole thing out for $110 a month. 5.5% ROI is appealing.

Post: shipping container storage

Joshua ChapinPosted
  • Jefferson, OR
  • Posts 6
  • Votes 2

Hello I am hoping to gain some knowledge and or insight in using shipping containers for mini storage. This idea has come up because my father is currently doing the same thing. His containers are on the same property as his small business and he does it on the side for extra cash. 15 or so containers and at least 12 are full at all times. 

What are your thoughts on doing this? Any potential problems I am not seeing?

Thank you -Josh

Post: Young newbie from Salem, OR

Joshua ChapinPosted
  • Jefferson, OR
  • Posts 6
  • Votes 2

I couldn't agree more but with no time I understand it will be hard. Any styles of investing you recommend for those that have limited time? Thank you again.

Post: Young newbie from Salem, OR

Joshua ChapinPosted
  • Jefferson, OR
  • Posts 6
  • Votes 2

Hello everybody I'm Josh. I have been lurking around the forum for a couple days and figured I should say hello.

I am here to learn how I can spend more time with my wife and retire early. I am 27 years old and have 2 single family homes (one I am currently living in). I hear many say it's hard to start early because of lack of life experience and money. The life experience I may not have but the money I feel I am in a good situation for my age. The problem with making good money in construction is, I work out of town almost every week so I have no time.

With that being said what do you guys think my best investment option is? My father uses shipping containers as mini storage rentals and I have thought of getting into that. Any suggestions? Any advise or help is greatly appreciated.