How He Closed A $23 Million Self-Storage Real Estate Deal | Joe Evangelisti

The Anik Singal Show

Anik Singal

Education, Business:entrepreneurship, Business, Marketing, Entrepreneurship, Courses

4.9 • 1K Ratings

🗓️ 17 October 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

One of my favorite parts of being an entrepreneur is always learning new things. You know I’ve been investing heavily in real estate the past few years, and I’m very interested in commercial real estate. Well, there’s one specific sector of that market that often goes unnoticed: Self-Storage. Today I spoke with Joe Evangelisti who’s been making an absolute killing in this area. He’s actually closed 14 deals, and one was worth a whopping $23 million! During our chat, he explained… Exactly how self-storage real estate works and why it’s so overlooked in the commercial real-estate market… How he teaches people new to the industry how to get started… What he looks for when scouting locations and the top markets he’s targeting now… How his “Storage Syndicate” works… And the 3 BIG strategies he uses when investing in self-storage real-estate… I learned so much during this conversation, you gotta check it out… And be sure to follow Joe at https://investwithlegacy.com/

Transcript

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0:00.0	And this guy's built 400 self-store facilities.
0:02.7	He said, Joe, you could take a dart
0:04.5	and throw it at the map of the United States
0:06.6	and be successful and build a self-storage there.
0:09.6	He said, but that's not the point, right?
0:10.9	We want to find the top 10%, the top 15%
0:14.3	of areas, locations, demographics, income levels
0:17.6	to serve because the only difference between
0:19.9	a really successful build and not so successful build
0:23.4	is how long it takes to get the tenants in place.
0:25.6	You know, when you spend eight to 12 million dollars
0:27.4	to build something, you don't want to wait
0:28.7	two years to ramp it up.
0:30.4	Your goal is to get it ramped up in, you know,
0:32.0	six to 12 months.
0:40.2	All right, well, we have with us today,
0:41.8	Joe Evangelisti, who I have been now talking to online
0:44.9	for a little while.
0:46.4	We're going to talk about real estate,
0:48.2	specifically self-storage.
0:49.6	So Joe, you went from the Navy again,
0:51.3	thank you for your service.
	...

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