Purchase price: $299,000 Cash invested: $310,000 28 Unit Self Storage Facility

Small laundry facility brings in a couple hundred dollars per month. 

We mostly operate in Seaside Heights, NJ, which is a beach town that is tourism driven.

They care about the occupancy and financials a lot. 4. if you are going to run a owner occupied business out of the property such as adult care facility and you are considered 51% owner occupied you can do 20% down and really good rates. 

Is it true when underwriting small storage facilities that you should use a high cap rate between 12% - 15%?

Once the money is back in my account I'll send the rent money'-'My car ---- the bed and needs fixed'-'The storage facility I have some stuff in charged my credit card 10X what they should have'-We had an unexpected bill'-'My credit card/debit card/bank account got hacked' (this one has happened multiple times to different tenants)-'I got another job that pays better'

@Brandon Morgan get your finances in order for down payment then call small existing facilities asking if they will sell

Excluding the covid years, tourism in Brazil has been growing at a steady rate year over year.  

I think you want to pick markets which have a strong following and year round tourism, that you know and have visited and that have clear demand. 

Update your website with pictures of every new home you buy, and feature testimonial quotes from the seller about how easy the process was or something like that.How about running some radio ads on the golden oldies radio stations targeting the older retiring generation looking to downsize or move into assisted living facilities?