6 Storage Facilities in 2 Years with Jon Farling
Self Storage Income
AJ Osborne
4.9 • 591 Ratings
🗓️ 27 July 2021
⏱️ 61 minutes
🧾️ Download transcript
Summary
Welcome back everybody to the Self Storage Income Podcast, I’m your host, AJ Osborne!
Do you know those people who are out there just who just always seem to be crushing it? Well, our guest today is that person and I’m excited to have him on the podcast for you guys. It’s my pleasure to introduce you to Jon Farling.
Jon came from a family who had a bit of a real estate background. His parents owned a duplex and built spec homes. This helped to give the foundations to become a real estate investor… but NOT before he decided to go into sales… True, he wavered a bit, but like we always do as investors, Jon found his way back to real estate investing and started to think seriously.
At first, he was considering single-family rentals as his real estate investment of choice. Finding out though that that route would be far too slow for his desired growth, he decided to start looking at self-storage. Fast forward to today, just two years later and Jon has six facilities that he owns and operates. Super impressive! And we’re going to dive into how exactly he made this happen.
We talk about his first facility, how he’s finding deals, how he scaled so quickly in just two short years, and how to use the right tools in the right place.
Jon is a wealth of knowledge, be sure to soak it up, take notes, and get ready to start building self-storage empires.
Thanks for listening everybody!
AJ
The Self Storage Income Exclusive Fall Event in Coeur d’Alene Idaho (GET YOUR SEATS RESERVED ASAP!) - https://selfstorageincome.com/events/
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 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/
Store Local - https://www.selfstorage.coop/aws/SL/pt/sp/home_page
Live Oak Bank - liveoakbank.com/incomepodcast
Transcript
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| 0:00.0 | Looking to create wealth and income through high cash flowing real estate, self-storage is the fastest growing and the newest real estate asset that has outperformed all others. |
| 0:10.0 | What's it secret? |
| 0:11.0 | I'm A.J. Osborne and with over a million square feet that we have built, acquired, expanded, and even converted big box stores, |
| 0:19.0 | from small third-tier markets to large hundred plus thousand square foot facilities, we have seen it all. |
| 0:25.7 | This is the podcast that we're going to discuss and bring on the best investors and operators in the nation to show you how to create wealth and income with self storage. |
| 0:36.9 | Welcome to self-storage income. |
| 0:48.5 | Welcome everybody to the self-storage income podcast. Today's podcast is brought to you by |
| 0:53.8 | both of our amazing sponsors, |
| 0:56.3 | Live Oak Bank and Janice International. If you haven't heard lately, we've had a couple |
| 1:02.0 | episodes recently where listeners who are now investors have actually reached out to Live Oak |
| 1:07.9 | Bank and gotten their financing, whether they went the SBA route |
| 1:11.3 | or a different route, they've done their financing through Live Oak and talked to Terry at Live Oak |
| 1:16.9 | Bank and all that stuff. So that's been just incredible feedback and so cool to see all of this come |
| 1:22.6 | full circle where we choose Live Oak to come in and be our sponsor for the podcast to provide this |
| 1:29.6 | and continue to provide it for you guys and provide this value and you're getting that value |
| 1:34.6 | and then you're bringing that value like full circle for us to be able to see like that actually |
| 1:39.7 | helping you guys which is so cool and we're so so honored to have Live Oak is a part of the podcast. |
| 1:47.0 | And again, they've got a lot of really amazing incentives going on as far as their SBA loan |
| 1:51.4 | programs. And we've actually, we've got a podcast. I'm hoping we're got a podcast lined up with |
| 1:57.1 | Terry coming up here soon. So we're going to have him on, talk everything finance |
| 2:00.9 | again, talk about some of these changes in current events and things going on. So that's going to be |
| 2:05.1 | really exciting. Looking forward to that. Link is in the show notes. Go check out Live Oak. |
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