Updated 40 minutes ago on . Most recent reply
Self storage funding
My partner and I recently have connected with a self storage unit seller, that wants around a million for subject property. We have around 10% down payment if needed but want to minimize the amount of cash we put into it.
-What kind of loans/financing do I need to be looking into for this to get funded?
-For things like this, how much cash do you normally need to bring to the table percentage wise and what loans etc do I need to be looking in to?
Context, we are both business owners in other fields that do not show a lot of personal income. For SFH we typically use private money and then refinance with dscr later to pay back private money, would rather not use private money unless it's needed. What are the options that come to mind? Is brrrring a self storage unit pheasable and if so what does this look like?