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Hi All,I'm looking at a self storage listing that is listed for $5,000,000. The listing says NOI is $212,509 and their cap rate is 5.Using the income approach, wouldn't $212,509/5 cap equal a property value of $42,501...
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I am entering an entrepreneurship competition for school in which the winner is awarded $20,000 to jumpstart their business/idea. I am leaning towards presenting a plan for a self storage business, but I am in need of...
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Dear BP Family,I recently got a roommate at for my 3b/1.1ba half duplex. We both share the basement. I want to lease my basement to someone on a monthly (or weekly) basis for storage purposes only. I am posting an ...
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Hi All, I am starting to investigate the idea of purchasing an existing boat/rv storage facility or raw land to develop in Florida, specifically Volusia county. I am looking to start small, 20-40 spots, basic gravel l...
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A couple of my friends are making a solid profit with indoor heated boat and RV storage. I’ve found a property with multiple large buildings on it that I think would be suitable for indoor storage. Does anyone in the ...
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Hello! I am a new investor to Bigger Pockets! I am currently looking at putting up storage units. Does anyone have any tips or tricks or anything special to look at when looking to put up self storage units? The more ...
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Hello BP Community!I'm looking to purchase my first Self-Storage unit. My biggest hurdle at the moment is finding & analyzing deals for self-storage units.I have been trying to consume as much information as I can...
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Hello BP world,I'm wondering if anyone is into storage locker investing here? I'm brand new to it, but have been doing some research. Interested in hearing the do's and don'ts from anyone with experience? Thank you...
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Myself and my partner are currently under LOI for our first self-storage facility.
We have negotiated a 53% owner financing on the deal and I wanted to ask all storage professionals if you have any advice / tips for...
I've been looking into self-storage companies to buy and I've gone through articles and videos on how do do it. I'm looking for people who have actually done it or are brokers that specialize in self-storage and are f...