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Updated over 9 years ago on . Most recent reply

User Stats

62
Posts
29
Votes
Tyler Goulden
  • Lobsterman
  • Arundel, ME
29
Votes |
62
Posts

Starting from nothing

Tyler Goulden
  • Lobsterman
  • Arundel, ME
Posted

Alright guys so I have decided that my long term goal is to own my own self storage units. I am 21 years old and currently have little to nothing saved up. My credit is good from my several years of vehicle payments and I work round the clock so I can save fast once I decide to go all in. My issue is I have no idea how much money I should save up and I have no idea the best way to ease into my goal. Self storage units seem like a better long term cash flow object than my previous thoughts of buy and hold however buy and hold seems like it would be easier to start in with an FHA loan. My long term future goal is to gross $250,000 annually (not sure if this is way out of reach or not). My major question is, if I have absolutely nothing, how many years should I spend saving up and what would be the best way to create my own empire owning storage units?

  • Tyler Goulden
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