Are you investing in self storage?

[Nathan Gesner]

I'm surprised there's not a category for self storage. In my opinion, it's as lucrative as mobile home parks and easier to come by.

I would love to connect with others that are investing in self storage facilities.

[Paul Moore]

Hi @Nathan Gesner, @Griffin Schermer, @Nicole Heasley Beitenman, and @Bryan Mitchell.  Great question. I am investing in self-storage with a growing group of passive investors. I am not an operator and never plan to be one.  

After doing residential real estate for years, I broke into commercial as a partner in a multifamily development in North Dakota a decade ago. Then I ended up writing a book on multifamily investing, and told my wife I was in apartments for life (she was tired of all the restarts over the years!).  

After years of banging my head against a wall looking for profitable multifamily deals, I concluded the space was significantly overheated and I branched out into self-storage and mobile home parks.  I have been extremely happy that I did. 

We have profited from 6 asset sales since September (under 5 months). We have been happily surprised at the upside available from paying a full, fair price to a mom-and-pop seller, upgrading, increasing revenues, and selling to a higher level buyer (like an institutional player). I'd love to hear from others about their experiences.