All Forum Posts by: Justin Onyeador

Everyone has made good points on what your returns should possibly look like. Also something to consider is the age of the facility, and is there room to value add to the property? Meaning is there extra land with the deal, so you could add some additional units? Does the facility have cameras, a good exterior fence, and electric gates? These little items can make a big difference on your returns.

Hope this helps!

Yes it does, gives me a lot to consider thank you.

0 Votes

Originally posted by @Michael Wagner:

Originally posted by @Justin Onyeador:

I’ve been interested in wholesaling—or even holding commercial real estate.. specifically self-storage facilities. But I’m curious about what to look for when valuing properties and how to know when you’re getting a good deal.

I’m on bizbuysell, and some of them have almost completely filled rental units and it shows the cash flow & gross revenue. But how do I know if it’s a good investment? How do I valuate whether I’m getting a good price for it?

I host a little blog right here on BP that you might find helpful:

https://www.biggerpockets.com/member-blogs/3915/86269-self-storage-investing-how-to-figure-out-if-its-a-deal

Will check it out thank you

1 Vote

Originally posted by @Ronak Shah:

@Justin Onyeador good thing you are looking at self storage! As @Greg Dickerson rightly said what sort of return you are looking for is based on your situation. You can plug in numbers in Quick Calculator I have created which might help you decide whether it is good deal or not (based on your situation).

https://www.dropbox.com/s/v2j6...

Let me know if you want to discuss self storage!

Thank you this is helpful.

1 Vote

Originally posted by @Timothy Lewis:

@Justin Onyeador Also keep in mind that self storage is typically more operator-intensive. Consider the age of the facility and how occupied it has been. Are you buying something with potential to improve performance or something stabilized? BP Podcast Episode 138 has some good info about self-storage. https://www.biggerpockets.com/blog/2015-09-03-bp-podcast-138storagesystemsseo-michael-rogers

Was thinking of buying something thats stabilized enough that it would be a decent investment but at the same time a the potential growth in terms of units or space would be nice. I wouldn't be mad if there wasn't any though (as long as the cash flow is fine). I'll check out the podcast though thanks

1 Vote

@Greg Dickerson ok that makes sense thank you, I just wasn’t sure if there were any numbers to look at outside of how much I pay and how much I make. I know with property you run comps and appreciation and etc etc

1 Vote

2 Votes

All Forum Posts by: Justin Onyeador

Justin Onyeador has started 1 posts and replied 7 times.

Post: Long distance Investing

Post: Valuing Self-Storage facilities

Post: Valuing Self-Storage facilities

Post: Valuing Self-Storage facilities

Post: Valuing Self-Storage facilities

Post: Valuing Self-Storage facilities

Post: Valuing Self-Storage facilities