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The Best Ever CRE Show

JF2715: Best Practices for Self-Storage Conversions ft. Erik Hemingway

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7996 Ratings

🗓️ 7 February 2022

⏱️ 29 minutes

🧾️ Download transcript

Summary

Erik Hemingway traveled the world with his family for years. They’ve lived in Costa Rica, sailed through the Mediterranean, and sailed across the Atlantic Ocean. All of their travels were made possible because of Erik’s passive income from self-storage. In this episode, Erik shares his strategy for locating self-storage deals, assessing the market, and analyzing the risk on these deals. Erik Hemingway | Real Estate Background Founder of Nomad Capital which focuses on heavy value-add properties, bringing an in-house general contractor component to projects such as self-storage conversions, ground up development, boutique hospitality, and commercial retail asset classes. Portfolio: $35M in CRE, primarily in self-storage properties. Erik used passive investing to leave the ‘9-5’ life and take his family on adventures, including living in Costa Rica for 1.5 years and sailing through the Mediterranean and across the Atlantic Ocean. Based in: Wilmington, NC Say hi to him at: www.nomadcapital.us | erik@nomadcapital.us Best Ever Book: Traction: Get a Grip on Your Business by Gino Wickman Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:05.3

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0:11.0

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0:48.0

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0:56.6

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1:00.6

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1:05.0

What my son and I talk about is risk is a muscle that needs to be used and I think every step you take leads

1:10.9

to the next thing.

1:11.9

Quick disclaimer, the views and opinions expressed in this podcast are provided for informational

1:16.5

purposes only and should not be construed as an offer to buy or sell any securities

1:21.3

or to make or consider any investment or course of action.

1:25.6

For more information go to best ever show.com.

1:28.6

Deals and money, we are constantly seeking deals and money as real estate investors and I

1:35.0

bet you're having a challenge right now especially with deals if you're like most

1:40.3

real estate investors because it's not to find deals right now but here's the

1:43.9

thing there's a competitive advantage out there that when implemented it will help

1:48.2

you accomplish your objective of getting more deals and more investors.

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