Digitize physical receipts for easy storage and use a consistent naming convention for easy sorting - 2024.03.25 Home Depot.- Maintain proper records, such as contracts, settlement statements, and promissory notes.

If you have insights on creative ways to acquire rental properties or storage facility businesses with minimal capital, I’d love to hear from you.

Endless options for sure.  

It’s hard to fathom why they would give people like that 9 months and then force the landlord to pay for them to move and get storage on top of it too.

In my case, I have residential rentals in one LLC, commercial properties in another, self-storage in a third, and my real estate company operates in a fourth.

So in 5 years you have the money back and endless cash flow for the future.Your numbers fail to take in account several things.

I don’t want to house hack as if I did that I would have additional expense for storages.

Hi William, investing in a syndication or fund could be a good fit given your situation.Even if there is a crash, and people downsize, those people will have a need for self-storage, as evidenced by storage occupancy rates during past recessions.

That would be called the BRRRR strategy - there is endless info on that strategy here and on the podcasts and in the BP bookstore.

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.