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Updated over 4 years ago on . Most recent reply

User Stats

13
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2
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Ben Leary
  • Rental Property Investor
  • Dallas, TX
2
Votes |
13
Posts

Storage unit building: how can I make it happen?

Ben Leary
  • Rental Property Investor
  • Dallas, TX
Posted

Today I heard one of my coworkers talking about how he’s paying to store some of his belongings in a self-storage unit. He said he pays about $150/month for the service and mentioned how many units the building had. I came up with an idea to buy a storage unit building and rent out the units. Does anyone have any experience with this? I have looked at self-storage unit buildings online and most of them cost $1M+. Where could I get a loan for something like that? Is it possible?

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