Updated almost 5 years ago on . Most recent reply
Starting self storage Business
Hello! I am new to Self Storage investing and I am looking at a buying a few storage facilities. I will be taking loan from bank. When I figure all of my finances for each, none seem to cash flow. Is that normal for your first self storage facility until you gain capital and then reinvest into more? I need options and opinions on what to do. Thanks!
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@Trevor Gray if you are just plugging in proformas then that’s probably the case.
And I’d add it would probably be the case for any asset class where you are plugging in top line numbers and not digging in further and/or learning more. Read all storage posts/books/podcasts/etc to learn more.