JF2177: First Self-Storage Deal Making $1.5Mil With Mike Wagner

The Best Ever CRE Show

Best Ever CRE

Realestatepodcast, Entrepreneurship, Business, Realestate, Investing, Realestateinvesting, Realestateinvestingpodcast

4.8 • 983 Ratings

🗓️ 18 August 2020

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Finding your first deal and making a little money or break even is a good goal to have but how about doing your first deal and making $1.5 million? Mike ended up making this doing his very first deal in self-storage, and he shares some of the mistakes he made and lessons he has learned by doing self-storage facilities. He also was happy to share with us the approach he takes to increase the value of self-storage units.

Mike Wagner Real Estate Background:

Full-time real estate investor with 13 years of experience
In 4 years he built a portfolio of 31 doors
In 2011 he focused in self-storage making over $1.5 million on his first deal
Based in Farmington, NY
Say hi to him at: www.members.thestoragerebellion.com

Click here for more info on PropStream

Best Ever Tweet:

“I am a low volume, high margin investor” - Mike Wagner

Transcript

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1:05.0	What I will say is that my encouragement to my younger self or anybody listening is,
1:10.0	listen, do what you need to to get smart and don't pretend that you're going to have it all
1:17.9	figured out and then you get to make the first move.
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	...

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