Hi all,What are some good stats for self storage?

Purchase price: $306,000 Cash invested: $35,000 This is a mixed use property including, self storage, cold storage (boats, RV's, etc.), office space, warehouse space & U-haul rental.

I was the the buyer agent and self represented.

I was the agent and self represented.

Purchase price: $235,000 Cash invested: $48,000 24 unit self storage on 12 acres with room to expand.

If you think you can manage your own business and maintain self-discipline keep reading.

I am interested in exploring investments in self storage units or mobile home parks.

@Chelsea Ziss As mentioned, you need a cpa”s advice going forward.But...1) do not put the rentals in the S Corp.2) it Could be beneficial to do your flips, depending on how much you make per year with flips, in the S Corp3) your flip profits are not capital gains, they are ordinary income and just like your commission 1099 income, subject to 15.3% ss/med self employment tax. 

In my defense, it’s difficult to estimate the value and rehab costs of a property you can’t see because you’re on the other side of the planet.

In addition to low inventory, something else is at play here in this market, and across the country.Many people, my self include, believe we may be at the start of an increasing inflationary period in the US.