Self Storage- New Investor Focus
Monday, January 25
Wrote this for a Single Family/Multi Family new investor, who was having trouble focusing after three weeks entering Real Estate investing. Adapt to fit Self Storage.Lets see where your at:Step 1: "Financial FOCUS"- What are you financing capabilities? Determine this so you can narrow your search...
Self Storage- Cost Segregation Basics
Monday, January 25
Would prefer to write a post on how we cleared 8 to 12 inches of snow at 4 locations in 4 hours, but that's not going to happen. Have about 3 inches on the ground in the last 3 hours. The rest is supposed to fall through now, 12:30 pm to 6 am. All of the equipment is filled up. Skid steer engine ...
Self Storage- Site Selection, Avoiding large REITS
Friday, January 22
Had a new investor ask how to avoid large REIT competition when selecting their first Storage location. Lets understand their "normal" business model first:a. Onsite management, lowers their margins and causes increased prices.b. Climate controlled, which is cheaper if you build multi level versu...
Self Storage- New Investor Financing 2
Tuesday, January 19
At Bottom- Added both a financial Cost estimate/cash flow/layout worksheet and a Self Storage checklist 101 spreadsheet. If you need on Excel, have to colleague, since I can't send Excel files. Not all of the info shows on this paste. New investor asked about max house refi to invest in Storag...
Self Storage- New Investor Financing
Monday, January 18
New investor asked about max house refi to invest in Storage and holding excess cash. Depends on the numbers and your objectives (do you plan to make another investment or move homes)? Change the numbers as you see fit.Example A, Refi House:Storage Build all in, $500,000Home/land is $600,000Exist...
Self Storage- Market Cycle
Sunday, January 17
Follow up to an individual who was trying to decide to invest or not in the Storage unit business through a Storage Syndication company.I'm going to go with you are in Philadelphia proper. Take all of the info above which is good, and apply it as follows. Your going to get "dirty" and get into th...