All Forum Posts by: Kyle Reighard

Kyle Reighard has started 0 posts and replied 6 times.

I am based in Greater Philadelphia region and worked on a deal the owner sold 75K sq ft self storage and kept 20K sq ft of contractor specific self storage. Simpler model with more reliable b2b transactions. Its a good move with the right forethought, supply analysis and ambition.

1 Vote

Southeast NC, North Carolina

Quote from @Rajesh Kasturi:

Right now I am a fix and flip and buy and hold investor thinking to buy below 4 units.

someone told me self storage gives better money than fix and flip, buy and hold, multi family or so..

What are your thoughts on self storage investments.

Hi Rajesh- your question is multilayered and very deal specific. With the right construction, location and land costs returns can be very substantial in self storage. I have underwritten deals owners were doing 20-30% ROI on total cost year 1, this is rare. Standard deals on market existing asset through a brokerage will be a 6-7% cap rate in today’s market. I think the other methods you mentioned can be just as if not more profitable as storage again depending on strategy, deal and execution.

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Quote from @William Pickett:

Quote from @Adam Daneff:

It is a great asset class. I own 10 facilities totaling 465 units. Used to own residential apartments and over the last couple years have been doing 1031 exchanges

Hi William- I am a self storage specialist agent and can hop on a call with you sometime to help you navigate the territory Iv grown to understand after 4 years in brokerage.

I am seriously looking into self storage, either buying one or building one. Trying to get a grasp on where to start or who to talk to that would be friendly to noobie. Have managed a few rental properties in the past and manage one now. Any links or help would be greatly appreciated.

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Quote from @Denise Ford:

Hello BP! As a part of outsourcing and choosing how to allocate my time, I need to hire someone to analyze smaller self-storage. If you have any experienced people, please share my contact info. It will be paid per project. Thanks in advance!

Hi Denise I am a self storage specialist agent operating out of Philadelphia for 4 years. I have underwritten and brokered deals across the northeast. Please reach out and I can help you!

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Found this after further searching.

https://www.digonline.org/Default.aspx

Will be attending ASAP.

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Did a Bucks County investor group ever develop out of this?

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All Forum Posts by: Kyle Reighard

Kyle Reighard has started 0 posts and replied 6 times.

Post: Self storage Contractor units

Post: Is it TRUE that self storage investment better returns than rental or multifamily

Post: Self Storage

Post: Self Storage

Post: BRRRR investing in Bucks County PA

Post: BRRRR investing in Bucks County PA