How Much Money Do You Need to Get Started in Self Storage? [Your First Facility]

What's going on everybody!? Welcome back to the Self Storage Income YouTube Channel, I'm your host AJ Osborne.

Today, we're going to cover another super popular question that I get from our podcast listeners and my followers on social media.

The question? You guessed it - How much money do I need to get started in self storage investing? As with most questions, the most simple and straight forward answer... it depends.

In today's video, we're going to cover exactly what you need to be looking at when reviewing potential storage facility investments, how to value a storage facility and the numerous aspects (that you've never considered before) that have a massive impact on a storage facility value, how much money you generally need down, and much much more.

Getting started down your self storage investment journey is not going to be easy. It takes time, lots and lots of time. But remember, self storage investing is a marathon, not a sprint. Apart from that, there is massive opportunity to be had right now in the self storage industry.

What exactly is that opportunity? Don't worry, I share this in today's video as well and this opportunity is one the main reasons that I love self storage investing so much.
Thanks a ton for tuning in everybody! We'll see next time.
AJ

PS - Here's a link straight to Live Oak Bank, our preferred storage financing partner mentioned in today's video: https://www.liveoakbank.com/incomepodcast
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Be sure to go to Selfstorageincome.com to get your copy of my Self Storage Playbook. This step by step playbook walks you through from start to finish - how to identify a self storage market, how to perform due diligence, how contact a current owner, and ultimately how to land a storage facility deal.
https://www.selfstorageincome.com/

You can also find the Self Storage Income Podcast on:
Apple Podcasts - https://podcasts.apple.com/us/podcast/id1482663918
Spotify - https://open.spotify.com/show/4cq4CfjFYknagGeca24g7f
Stitcher - https://www.stitcher.com/podcast/self-storage-income
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My Story:
Before I got involved with self-storage I was stuck on a treadmill. Yes, I made good money, but it was my clients that owned my time and not me. If I wanted to make more money I had to put in more hours. If I stopped working money stopped coming in.

Self Storage changed that for me once and for all. And I want to show how self storage can change that for you too.

Self-storage facilities investments are a quiet but growing sector of commercial real estate. Based on current demographic trends, they’re ready to benefit substantially.

You see, we live in a consumer culture. Americans love to buy stuff. At the same time, the average size of the American home continues to downsize. Which means... people need a place to put all that stuff.

Enter self storage.

At this point, almost 10% of American’s use self storage and the industry has grown to bring in over $20 billion dollars in annual revenue.

I want to show you how to get started in this industry and create true financial freedom.

THIS ISN’T GUESS WORK — IT’S A REPEATABLE MODEL

With over 1.2 million square feet of self storage under management across the United States, we’ve created a scalable model that works.

We seek and purchase under performing facilities. When we overlay our model, we know almost exactly how the asset will perform in any given market. Our strategy has worked in large booming markets as well as extremely small rural areas.

Self Storage Income is where we share that strategy with you.
Thanks everybody!
AJ

Видео How Much Money Do You Need to Get Started in Self Storage? [Your First Facility] канала Self Storage Income