I'm George, new to Bigger Pockets, and new to Real Estate Investing as well. I have spent a great deal of time the past month preparing to take the plunge into real estate. I believe that Self-Storage is the niche for me, more so, investing in a Class B or C property with a distressed/motivated seller..
I would love to know if anyone on here in California has experience in this specific niche of Real Estate (Self-Storage) - and if so - if you're willing to share some of your experiences either over this thread, over the phone, or over a cup of coffee. I am based in LA. Even if you're not from California and would like to share some stories, I'm all ears.
I am not seeking out a mentor, but simply seeking out some discussion and conversation.
Thanks and looking forward to it!
I like that you looked into value add neighborhoods. self storage is a real niche . Do you have mentor that is providing some good direction?
Hi Jo-Ann, I'm excited about the possibilities within this self storage niche. I do not have a mentor - I do have friends who have some experience in the Real Estate world I can lean against - however they live on the east coast. That said, I'm all ears, looking to soak up as much knowledge as I can!
Welcome to the wonderful World of Self Storage. It's an excellent niche of an Asset Class and has been very good to me and my family.
Hopefully we'll meet in-person soon and then we can have that cup of coffee and a conversation on "all things Self Storage".
Best of luck to you!
Thank you! I have had nothing but a positive learning experience thus far. I hope to have similar positive results myself - I would love to join you for a cup of coffee anytime! I'm in LA.
I have had many recommendations to look into your training - looks like a great system and like you've really got it figured out. Thanks again for the kind words and I hope to chat soon.
Hi Scott, I am not experienced in the Self-Storage world, but I am interested. Specifically, about a month ago I went to rent a Self-Storage place and was told by the employee that it is a great business. in fact, she said casually that the late fees alone cover for all the expenses...