Taking the Plunge and Buying Your First Storage Facility with Rafa Ortiz
Self Storage Income
AJ Osborne
4.9 • 591 Ratings
🗓️ 15 September 2020
⏱️ 58 minutes
🧾️ Download transcript
Summary
What’s going on everybody!? Welcome back to the Self Storage Income Podcast. This your host AJ Osborne. We have another incredible guest lined up for you today and if you follow or are a part of the extreme kayaking world, you’ll recognize his name. Our guest today is Rafa Ortiz. Being a professional kayaker sponsored by some of the biggest names in the extreme sports world such as Redbull and GoPro… self storage is far from his usual. But Rafa has recently discovered the power of not only real estate investing, but in self storage investing. After discovering the potential that self storage can offer, Rafa decided to purchase his first facility. Today, Rafa shares his experience with his first facility from how he financed it when no banks would give him a loan to the incredible process it takes to get your storage investment train started and moving. We also dive into the journey that is investing and what you should expect as you begin or continue down your investment path. As always guys, thanks a ton for listening and I know you’re going to love this episode. AJ Keep up with Rafa on Instagram: https://www.instagram.com/rafaortizkayak/?hl=en Check out Rafa’s storage facility: Carson Storage Units - https://goo.gl/maps/pQyBJ4NW25EmJKfGA 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 contact a current owner, and ultimately how to land a storage facility deal. You can also find the Self Storage Income Podcast on: iTunes Spotify Stitcher 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
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. |
| 0:10.2 | What's its secret? I'm A.J. Osborne and with over a million square feet that we have built, acquired, expanded, and even converted big box stores from small third-tier markets to large 100 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. |
| 0:53.1 | Welcome, everybody, to Self Storage Income. All things self-storage income. The wonderful podcast of self-storage. |
| 0:56.9 | All things self-storage, man. |
| 0:58.2 | All things, self-storage. |
| 1:00.0 | Oh, no, you know, it's funny because we're just talking about how nerdy this industry is and how much we love it. |
| 1:07.6 | And we have a really awesome podcast today because our podcast guest is far from nerdy. |
| 1:15.9 | And he's getting into the self-storage game. |
| 1:19.6 | And I'm super excited about it because this gives you like an introduction to see somebody that's just starting and just started and how they're getting |
| 1:29.0 | into it and how they're doing it because by far that is our most asked question it's um you know something |
| 1:36.4 | how do we find deals how do i value deals how do i get started or how do i expand how do i keep going |
| 1:41.5 | oh i got this one deal because a broker brought it to me and i want to continue this this. I want to grow and I want to expand. So what are the things I need to be |
| 1:49.0 | putting into place? And it's just there's so much value and understanding. And if you can |
| 1:54.3 | understand that, you can expand as far as you want. And two, you can figure out everything else. So I think it's super important. And, you know what? We're not going to waste any time at all. So let's go ahead. Wait, hold on just a sec. Do we have any housekeeping items that we need to? We always have to do this for our listeners housekeeping items. Dude, I don't think so. I don't think so either. I think we're good. I think we're good. And I think you guys are sick of hearing of all our housekeeping items. Anyways, all right. |
| 2:20.8 | So. Dude, I don't think so. I don't think so either. I think we're good. I think we're good. And I think you guys are sick of hearing of all our housekeeping items. Anyways, all right. So with that, we are going to get started right away. And we have Rafa with us. And okay, this is kind of a crazy story. And so I'm not even going to go in I'm not even going to |
| 2:34.5 | butcher it first of all welcome dude I'm so excited to have have you on you reached out to me |
| 2:39.5 | a while ago and I've just been blown a bit way by what you're doing and I think it's just |
| 2:43.7 | awesome that you're getting into self storage so if you guys don't know him if you're in |
| 2:48.3 | the kayaking world you do but if you don't why don't you go ahead and tell our listeners, first of all, about your life and what it is that you do? And then we can talk about self-storage. Thanks, Aege. Yeah, thank you guys for having me. I'm pretty blown away to be sitting right here right now. I'm full on beginner on self-storage, but I'll talk more |
| 3:07.8 | about that. I'll just kind of try to crunch it as much I can. I'm from Mexico City. I'm this kid |
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