There are a lot of simple inexpensive value adds.
Self storage facility investing.
Self storage investing can be a great way to obtain tremendous cashflow without the headaches of tenants or toilets.
And self storage facilities tend to be cheap to build maintain.
Self storage real estate investment trusts reits are low risk investments in many ways.
Self storage facilities vary in size quality and construction.
You re about to discover why investing in self storage facilities can be so profitable how to find good deals the 3 main types of self storage properties the 2 ways these deals are structured how to find funding for these properties the 2 most common myths and perhaps most.
Self storage investing has been around for decades but over the past few years this niche of commercial real estate investing has grown in popularity now with over 1 7 billion square feet in an.
For example adding truck rental can increase income a few thousand dollars on a self storage facility.
However i personally don t consider myself a self storage investing expert in all aspects of the industry as many have labeled me i ve been the architect of dozens of extremely successful real estate transactions since i began my real estate career in 1993.
The strategy now is to buy mom and pop owned facilities upgrade them increase the income increase the value then refinance or resell it to an institutional investor.
Investing in self storage facilities self storage businesses.
From virtual non existence before 1970 the industry has grown to over 58 000 self storage facilities in the u s.
In this article we look at self storage facilities a fast growing sector that has taken advantage of a growing market of persons needing to store excess household items.
Self storage investing is one of the youngest and fastest growing forms of commercial real estate.
Commercial real estate is made up of several different kinds of property types.