I am betting a lot of media is going to be coming out of how under insured people were because to be fully covered was "too expensive".

They aren't the actual bank so need to upcharge these fees and hoping in volume they can make enough to continue operating. 

The properties have not only suffered from the interest rate issues but have been operating at a sub standard level.

Hi, we are a small operator with 14 doors and Grasshopper told us we can't send texts anymore because we don't have a website.

We have a RE attorney & mortgage broker to make sure our operation is legal & compliant.

We are a Veteran owned and operated mortgage company! 

Its being operated at STR from last 30 months with great cash flow.

@Luke Spencer I am not on the management side but I can tell you it took 2+ years to fill 300 units at one of our facilities and the other just hit 300 units in 12/13 months so it really depends on the demographics, and local housing market trend, the more people moving in and out the higher the demand for storage.I think if you're looking at a saturated market then the upfront cash to turn the warehouse into self storage is not a good idea but then again, maybe those operators are on back roads ( low visibility ) and don't push google ads well.

Start by deepening your understanding of CRE fundamentals, including net operating income (NOI), cap rates, and lease structures like triple net (NNN).

Platforms like BiggerPockets, local REI meetups, and Facebook groups can connect you with investors seeking opportunities.Joint Venture Partnerships: Consider partnering with a seasoned developer or investor who can provide the capital while you contribute your vision and operational effort.Hard Money Loans: If you’ve identified a property, some hard money lenders may fund the purchase and development based on the future value (ARV) of the project.Crowdfunding Platforms: Sites like Fundrise, Groundfloor, and RealtyMogul cater to real estate developments and could be a great way to gather capital.Seller Financing: If the land seller is open to it, negotiate terms to finance the purchase directly with them.2.