What's the best self storage investment course

What's the best self storage investment course

San Francisco, CA · Member since 2014 · 161 posts · 26 votes

I would like to learn about self-storage investing. What's the best online course?

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Specialist · Carolina Beach, NC · Member since 2016 · 390 posts · 496 votes
6y

I know of three and I'll list them here in alphabetical order so as not to favor one over the other. If you want to know more, feel free to direct message me:  AJ Osborne from SelfStorageIncome, Scott Meyers from SelfStorageInsiders, and Michael Wagner from StorageRebellion. 

They each have a slightly different niche in the self-storage investing world. It really comes down to how much you're will to spend and the kind of investor you are.

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  • Flipper/Rehabber · Leominster, MA · Member since 2020 · 667 posts · 384 votes
    6y

    Look up AJ Maclean. 

  • Flipper/Rehabber · Leominster, MA · Member since 2020 · 667 posts · 384 votes
    6y

    He was a guest on the BP real estate Pod cast over the last few weeks... 

  • Investor · Rochester, NY · Member since 2020 · 4 posts · 3 votes
    6y

    I would highly recommend The Storage Rebellion. I’ve been through all the programs, even Scott Meyers and the storage rebellion far exceeds them all. You can find them on Facebook and Youtube. They also have a free network and 7 day workshop which is a great opportunity to connect with investors around the country and get smart on all things storage.

  • Investor · Bentonville, AR · Member since 2014 · 759 posts · 379 votes
    6y

    @Moises R Cosme I think he means AJ Osborne.

  • Jonathan GreeneBusiness Member
    Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
    6y

    Why do you want a course? Just follow the guys who do it. Follow The Storage Stud, Fernando. Guy is a beast. Don't pay for things you can learn for free. Storage is a very smart play and you do need to know the intricacies to do well and where to target, but most of the guys who are actually good at it you can get all the info from just watching their YouTube of Instagram Stories and then slowly reaching out.

  • Specialist · Carolina Beach, NC · Member since 2016 · 390 posts · 496 votes
    6y

    I know of three and I'll list them here in alphabetical order so as not to favor one over the other. If you want to know more, feel free to direct message me:  AJ Osborne from SelfStorageIncome, Scott Meyers from SelfStorageInsiders, and Michael Wagner from StorageRebellion. 

    They each have a slightly different niche in the self-storage investing world. It really comes down to how much you're will to spend and the kind of investor you are.

  • Investor · Rochester, NY · Member since 2020 · 4 posts · 3 votes
    6y

    @Jonathan Greene I think you can get some info for free however if it were that easy wouldn’t everyone be successful? I think with proper education and guidance you’ll excel at a much faster rate and save a lot of money in the long run.

  • Specialist · Richmond, VA · Member since 2020 · 13 posts · 8 votes
    6y

    @Matt Smith I recently signed up for Mike Wagner’s FREE 7 day course at Storage Rebellion and am learning more than I could imagine in less than a week! Access to his forum/community alone has tons of value, so much so that I’ll be upgrading to the more in-depth training sessions soon. Best of luck.

  • Jonathan GreeneBusiness Member
    Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
    6y

    @Chris Michaels because new investors pay for things that they should never pay for, do 7-day trainings that are ONLY a lead-in to a 20k coaching course. This isn't new. Until you have knowledge, you don't need to pay to upgrade. The best time to pay for courses and/or coaching is when you already moving in an REI area and want to take it to the next level. Paid courses will teach you one way to do it and will always be a call-to-action to something else.

  • Henry ClarkPro Member
    Developer · Member since 2020 · 4k+ posts · 4k+ votes
    6y

    @Matt

    If your interested I can do a full training session with you on this forum over in the commercial real estate section. Others can get the benefit of the discussion. No cost. 

    Read the topics I’ve written or added to over there

    If you do please narrow the discussion down With the following. It will dictate the discussion areas and depth.

    A.  Based on the type of loan your collateralization will be 10/15/35/40 percent

    B.  Size of investment $300/$500/$1mm/$2mm/$4mm

    example  if you only want to invest up to $100k that will make the discussion more beneficial  

    Tell me a general geographic area  City county or other you want to look at.   We can use that as part of the discussion  

    Key- Start small and make your Big mistakes early

    Good thing about doing this on this forum will Be other people can follow, contribute and challenge. 

  • Henry ClarkPro Member
    Developer · Member since 2020 · 4k+ posts · 4k+ votes
    6y

    @Matt

    A.  Look for the Storage 101 checklist I did for a new investor in Croatia.  This will help you compartmentalize the areas

    B.  Find the Market analysis tool discussion.   Will they come.   Which market/investment should you invest in

    C.  Let’s get the cost/project model.  Do the numbers work?   What’s the revenue stream and payback? I can send you the template.  Example  Got a call and visited a 440 unit combo CC and drive up.  Only 30% occupancy after two years. Great property.  Great location.  Hard zoning to build another one.  Asking price is xx, not on market   How do you analyze.  We can use the Templar to analyze. What’s up with it.

    If you don’t find the topics I’ll pull them in as needed  

  • Investor · Fishers, IN · Member since 2012 · 520 posts · 499 votes
    6y

    Hey @Matt Smith!

    I'm partial to Scott Meyers (for obvious reasons).  Yes, there is a lot of knowledge out there - some you'll  have to pay for and lots of information & knowledge for FREE.  You can reach out to your local (state) Self Storage Association, peruse topics on You Tube, and certainly many, many forums here on Biggerpockets with quality folks & quality content.

    Regardless, of how you piece your learning together, everything (soup to nuts) for an Acquisition is either FINDING a lead, EVALUATING to determine if it's a deal, now you're in the PURCHASING phase, and after you close, now it's all about MANAGING.

    If you think that at times it makes more sense to build than to buy, then you'll want to learn about Development & Conversions.  And to really ease your mind, familiarize yourself on how to raise all the private money for Self Storage that you'll ever need.  Done and done.

    If you realize that those above topics are pretty much everything about Self Storage AND you learn those three (precursory will work, in-depth is better), you've got all your bases covered.  After that, it's just a matter of getting out & doing it!

    So if you want to piecemeal it together, please check out SSA, BP, & YT.  If you want an introductory, systematized method that works and has the track record to prove it...I know of one very well.  And @Michael Wagner is a good resource, too.

    Regardless, best of luck!  And please let me know if I can be of any help.

    Scott   

  • New York City, NY · Member since 2016 · 1 post · 0 votes
    5y

    @Chris Michaels What made the storage rebellion course stand out?

  • Member since 2023 · 1 post · 0 votes
    3y

    I am looking to invest in a self storage business.

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