New Investor from NYC

[Heriberto Villa]

Hey everyone. I'm a very new investor from NYC. I'm getting overwhelmed with the high prices. Can anyone offer some advice? 

Thank you!!! 

[Nathan Gesner]

We're in a peak market so you have to really be patient or get creative. There are still deals out there but they're usually not on the MLS. Tell everyone and their brother exactly what you are looking for, over and over again. Target specific communities with direct mail marketing or knocking on doors.

I started calling storage facilities in August. I would just look them up on Google, call them, and say, "I'm a local investor and I'm looking for a storage facility to purchase. Have you considered selling yours in the near future?" Then I just let the conversation go from there. One of them called me back in January and I'm now under contract and closing in two weeks. The sellers are occupying or leaving empty over half the units. I should be able to double the income within a few months. They are also renting below market by at least 25%. Long story short, I am buying it below market and anticipate I can easily double it's value within 12 months and potentially triple the monthly income. All because I made some phone calls.