$3.2 Million in 4 Months - An In Depth Look at One of My Self Storage Deals

Self Storage Income

AJ Osborne

How To, Investing, Education, Entrepreneurship, Business

4.9 • 591 Ratings

🗓️ 31 May 2022

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Welcome back everybody to the Self Storage Income Podcast! This is your host, AJ Osborne!

I’ve said it before and I’ll say it again - I believe self storage can be one of the best investments out there. Whether you’re looking to be a passive investor, or an active, hands on investor, self storage can provide some incredible returns. Today, I wanted to share with you just how great self storage investing can be. And to accomplish this, I wanted to share some numbers with you from a real and recent deal I did.

I’m going to walk you through this deal, where the value add opportunity was, and how I was able to execute on it - creating $3.2 Million in value in just 4 months. And this is just the tip of the iceberg regarding the added value at this facility. This is just bare bones, up and to this point, not even fully stabilized.

All in all, I wanted to share a real deal with you guys. I wanted to give you a peak at the deals that are still out there today and the kind of wealth generating potential that they can hold. All we have to do is take action and pull the right levers.

Listen in, get excited about this deal, and get ready to go kick up your own great self storage investment.

Thanks!

Invest with Cedar Creek:

https://cedarcreekwealth.investnext.com/portal/capital_raise/358/

Success doesn’t happen on an island, which is why I’ve launched the CRE Circle. Build your community, your resources, and your commercial real estate investing opportunities. That first or even next deal could be right around the corner. You can learn more about the CRE Circle and sign up here:

https://www.thecrecircle.com/

Want to pick up my best selling book for free? You got it - just head over to the Self Storage Income website and download your free copy here: https://selfstorageincome.com/

Be sure to go to Selfstorageincome.com to get your free 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 to contact a current owner, and ultimately how to land a deal and purchase a storage facility.

You can also find the Self Storage Income Podcast on:

The Self Storage Income Podcast is Sponsored by:

Janus International - https://www.janusintl.com/

Live Oak Bank - liveoakbank.com/incomepodcast

Tenant Inc. - https://www.tenantinc.com/

Cedar Creek Wealth: https://cedarcreekwealth.com/

Transcript

Click on a timestamp to play from that location

0:00.0	You have deals that go as planned. We have deals that don't go as planned. Your goal is that you're trying to get better at predicting variables, controlling those variables. And this was a deal that some things went to plan. Other things didn't. And it was kind of a great example. But one of the reasons I wanted to walk through the numbers and talk about this deal is how fresh it is.
0:25.9	This episode is being brought to you guys by our incredible sponsors, Tenant Inc., Live Oak Bank and Janice International, starting it off with Tenant Inc.
0:34.9	Their products are designed by owners for owners.
0:38.6	And Tenet Inc. is funded and managed by self-storage owners with vast industry experience
0:43.5	spanning decades.
0:44.9	These guys super know their stuff.
0:46.7	Incredible people.
0:47.8	They understood what the industry lacked and knew what needed to be provided.
0:52.4	So technology in the industry sets basic operators apart from professional operators, and they knew exactly what the industry needed.
1:01.6	And their technology puts the owners back into the driver's seat.
1:06.4	On to our next sponsor, we've got Live Oak Bank, who is on a mission to be America's
1:12.9	Small Business Bank.
1:14.4	Incredible group of people there who know and understand self-storage.
1:18.7	We've talked to so many people that use their services in the self-storage industry and
1:23.5	have had nothing but incredible experiences with Live Oak.
1:26.9	If you guys are interested in SBA loans, starting in storage, any of that phenomenal resource for you to look at.
1:35.3	Last but not least, Janice International, they've got everything from doors and hallways to installation, automation and facility restoration.
1:43.3	Their R3 program helps you revitalize facilities, bring them back to life.
1:48.5	They are a leading global provider of self-storage and commercial industry doors,
1:53.4	relocatable storage units, facility automation solutions, and door replacement and self-storage
1:58.3	restoration services.
1:59.6	Again, these guys have been in the industry for so
	...

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