Updated almost 7 years ago on . Most recent reply
Self Storage properties
What do you guys think about Self Storage properties for passive income?
Most Popular Reply
We've found good luck in buying existing underperforming properties in tertiary markets with an economic driver, like a university, hospital or military base. Many times we can pro forma these units to a 10-11 cap which you won't get in the larger markets.
Funding has been coming from SBA loans which allow us to acquire with 10-15% equity. Each transaction is a separate LLC to accommodate varying investors.
You can PM me if you'd like more info.