266. 4 Self Storage Investments in 2 Years After Losing Absolutely Everything w/Charles Lindner

Self Storage Income

AJ Osborne

Entrepreneurship, Education, Investing, Business, How To

4.9 • 591 Ratings

🗓️ 15 October 2024

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today’s guest bought four self storage facilities in two years after disaster struck his family. Imagine you just lost everything. Your house is gone, your job is over, and you’re in a new city. You’re trying to rebuild your life but starting back from zero. Most people would settle into defeat, asking, “What’s the point?” as they struggle to cope with what just happened to them. Charles Lindner isn’t like most people.

After a fire took away his house, memories, possessions, and sense of security, Charles searched for something he could feel passionate about. Rental properties seemed enticing, but during the lockdowns, with rents rarely being paid, he knew single-family homes weren’t for him. After his soon-to-be business partner commented on how much self storage facilities seemed to be making, he did some digging, found this podcast (seriously!), and now has four facilities in just two years.

Okay, but how does someone with zero experience build a self storage empire in the time it takes most beginners to get their first deal? Today, Charles shares his secret to finding the best value-add facilities, how he gets 0% interest seller financing deals, and the one thing you MUST do if you want to get a facility under contract.

What you’ll learn in today’s show:

How to build your self storage investment portfolio from SCRATCH (with zero experience)
The mismanaged self storage facilities you should look for when searching for deals
Seller financing and how to score a 0% interest rate on your next facility
Why you always (ALWAYS) should visit the property BEFORE you make an offer
What to do when you don’t have any more money to invest (and can’t get a bank loan!)
The perspective shift that follows a traumatizing event that breeds success

—

Follow Charles on Instagram - https://www.instagram.com/deallock71/

📌 Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/

🌳 Work with someone experienced in self storage loans at Live Oak Bank! https://www.liveoakbank.com/business-loans/self-storage/

🎙️ Do you have a great story to share on the SSI or AJ Osborne podcasts? You can now apply here! https://form.asana.com/?k=TGU88eU0bFTFW1iHcckuTA&d=1203571084143207

📖 Get AJ's new book that teaches you everything he knows about self-storage https://a.co/d/aRSKcSq

Transcript

Click on a timestamp to play from that location

0:00.0	And I stop him and I said, what's going on?
0:02.0	He goes, well, there's a fire coming this way you need to get out.
0:04.0	And I look at him, I go, well, how long do I have?
0:06.0	Where should I go? And he points behind me and says, you're already too late. And I look behind me and the fire is rushing down the hill. I died. I died that day. That was the day I died. So the person you see before you, it's not the same person that was on October 8th.
0:22.0	Yeah.
0:23.0	That is not the same person that was on October 8th.
0:21.6	Yeah.
0:22.6	That is not the same person that exists today.
0:24.6	Before every day was defined by the fire.
0:28.6	Every day in my life was defined by this tragedy up until I started doing this.
0:32.6	Yes.
0:33.6	And even though we're talking about it now, no one asked me about the fire anymore. Yeah.
0:38.3	They ask me, tell me about this amazing business you're doing.
0:40.3	Tell me about this amazing business you're doing.
0:42.3	How are you so successful two years into it?
0:44.3	And that's the conversation.
0:45.3	That's such a much better conversation to be having than, or at least I want to have.
0:50.3	And it's so much more rewarding than, hey, you know, this horrible thing happened to me.
1:00.4	Welcome everybody to self-storage income, and we are in Cordelaine, Idaho at the self-storage
1:06.3	income event. It's absolutely amazing, has been four years in a row. This is my favorite time of year
1:12.7	because we get everybody together. We have hundreds of people here to talk storage. And we're
1:19.2	all storage nerds and we love it. But one of my things that is really important to me at the
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from AJ Osborne, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of AJ Osborne and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.