I get a bunch of requests for paid "how to buy storage" coaching calls.
Didn't like the idea of trading my time for $, but gave in, and did a bunch of 'em.
Recently decided to stop those and share it all for free.
These 4 posts will give you more than one of those calls: ⬇️
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1) How I Find Deals:
I bought 10 self-storage properties between Feb '21 and Oct '23.
8 of 10 were acquired off-market via direct-to-seller outreach.
My Stupid-Simple Guide to Sourcing Off-Market Commercial Real Estate:*
*First, a couple of disclaimers:
1) Some of the bros here are gonna be mad…
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2) How I Underwrite Deals:
Over the last 3 yrs, I've acquired 10 storage props for $21.5m.
I'm a one-man show, using only my $, no investors, no fees, just cash flow.
How am I still finding deals worth buying? Maybe I'm lucky, maybe I'm dumb. Prob both.
My Stupid-Simple Guide to Storage Underwriting:*…
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How I Finance Deals:
At 38, I was debt-free, saving maniacally, grinding my way to early retirement.
At (almost) 42, I'm now $17.5m in debt, have loosened spending, and give no thought to retirement.
3 yrs ago, I found the power of leverage.
How I've Financed $21.5m in Self-Storage Acquisitions*:…
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How I Manage Properties:
Of my 9 storage facilities across 2 states:
7 - I've not visited in over a year
1 - I've never seen in person
1 - Is a dumpster fire down the street and I've been there a lot
The People, Processes, and Tools of my Remote Property Management Operation:
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The…
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Study these 4 posts and you'll be much further along than I was when I started.
My aim is to put out valuable stuff that people like to read. I've found the more I give here, the more I get in return.
What else do you want to know? Holler in the comments and let me know.
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I won’t take your money, but I’ll gladly take your likes, comments, and retweets of the first post below.
Mash that follow button if you haven’t yet, too! 🙏🏼
I get a bunch of requests for paid "how to buy storage" coaching calls.
Didn't like the idea of trading my time for $, but gave in, and did a bunch of 'em.
Recently decided to stop those and share it all for free.
These 4 posts will give you more than one of those calls: ⬇️
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17
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@SultanofStorage
The debt portion would make me a bit uneasy. I’m less than 25% leveraged on all of my real estate and storage and keeping plenty of cash around for the next deal. Been spending a little effort to keep cash earning 6-10%
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