Great points in this video, AJ! Is it possible to reach a point in investing in self storage where all systems and processes are in place for it to truly be hands-off/passive? I am considering going back to school where it will require 80-100hrs/week of work so I'm trying to see if it is possible for self storage to be truly passive at a certain point.
This is such awesome content. Thank you very much! I am really excited to get into this business. Way better than multi families which I though was my future
You're so welcome! I love doing all this stuff! It's an exciting business to be in and you're just like me. I always thought multi-family was the "real" real estate investing. Funny how things turn out! Welcome to the industry and wish you the best of luck! It's an amazing time to be getting started.
Thank you AJ! Aside from your other two suggestions, how do I find a list of the storage facilities in the market I’m interested in to be able to assess those facilities in person and form a relationship with the owners? Is that something I can look up with the city? Obviously, I’m not asking about facilities that already have a web presence that can be searched on Google.
Hey Vanie! Thank YOU for tuning in! My team and I typically find facilities with little to no web presence through brokers or by simply by jumping on Google maps, going to satellite view, and finding the storage facilities in that market that don't show up on a Google search for storage in that same market. Just remember too though, just because facilities show up on a Google search doesn't mean they have a good web presence, management, etc. and could also be good opportunities.
@@SelfStorageIncome That’s awesome. Between the purchase time and the time you refinance, do you use a short term loan and then cash out refinance when time to refinance snd when the short term loan is up? Thx!
You got it, we pull the cash out and move onto to the next one. Generally we'll refi into a non-recourse loan to offload our risk. I love this business!
@@SelfStorageIncome that’s awesome. That way in a weird way you get your money back with what you put into the deal and transfer that cash into the down payment and expenditures into next deal
This video is awesome AJ! I'm finally ready to dive into self storage and would love your help getting my first deal! Happy to offer equity, or compensate you for your time.
Hey thanks Armaan! So awesome to hear. The best way to get in touch with me and team on deals is to get in touch with us at my company Cedar Creek Wealth - cedarcreekwealth.com/
@@SelfStorageIncome Thanks AJ. I filled out the form. Let's work together. I need guidance with finding & analyzing deals and markets and implementing solid systems in place. I've spent the last 2 days binge-reading your book and I'm ready to dive in and hustle.
I am a realtor in Cedar Rapids Iowa and there is a unique off market storage unit deal I would love to present to you. How can I get in personal contact with you?
![How to Double the Value of a Storage Facility [Keys to the Value Add Strategy]](http://i.ytimg.com/vi/9MdIAEPmTaY/mqdefault.jpg)
![How to Double the Value of a Storage Facility [Keys to the Value Add Strategy]](/img/tr.png)
Great points in this video, AJ! Is it possible to reach a point in investing in self storage where all systems and processes are in place for it to truly be hands-off/passive? I am considering going back to school where it will require 80-100hrs/week of work so I'm trying to see if it is possible for self storage to be truly passive at a certain point.
Advice towards networking has me excited.
Building a network of great people is the name of the game! Thanks for hanging out Kevin!
@@SelfStorageIncome just planned my trip to ISS in Vegas. Will you be there? Would be nice to meet you in person.
how can I start a storage buisness with nothing more than the idea and diligence.
are there any resources in the state of Indiana???
Love seeing a channel exclusively about self storage! Subbed 👍
Thanks Chad!!
This is such awesome content. Thank you very much! I am really excited to get into this business. Way better than multi families which I though was my future
You're so welcome! I love doing all this stuff! It's an exciting business to be in and you're just like me. I always thought multi-family was the "real" real estate investing. Funny how things turn out! Welcome to the industry and wish you the best of luck! It's an amazing time to be getting started.
Thank you AJ! Aside from your other two suggestions, how do I find a list of the storage facilities in the market I’m interested in to be able to assess those facilities in person and form a relationship with the owners? Is that something I can look up with the city? Obviously, I’m not asking about facilities that already have a web presence that can be searched on Google.
Hey Vanie! Thank YOU for tuning in! My team and I typically find facilities with little to no web presence through brokers or by simply by jumping on Google maps, going to satellite view, and finding the storage facilities in that market that don't show up on a Google search for storage in that same market. Just remember too though, just because facilities show up on a Google search doesn't mean they have a good web presence, management, etc. and could also be good opportunities.
@@SelfStorageIncome Thank you AJ, great info!
Great content. Do you ever apply the Brrrr strategy to self-storage?
Thank you! In a nutshell, the BRRR strategy is exactly our model when it comes to self storage acquisitions.
@@SelfStorageIncome That’s awesome. Between the purchase time and the time you refinance, do you use a short term loan and then cash out refinance when time to refinance snd when the short term loan is up? Thx!
You got it, we pull the cash out and move onto to the next one. Generally we'll refi into a non-recourse loan to offload our risk. I love this business!
@@SelfStorageIncome that’s awesome. That way in a weird way you get your money back with what you put into the deal and transfer that cash into the down payment and expenditures into next deal
It is awesome. I love the ability to control the asset and then be able to extract that value and deploy it to other deals.
Great content and loooooooking gooooooood too A.J.
Thanks Neil! LOL always... 😎
This video is awesome AJ! I'm finally ready to dive into self storage and would love your help getting my first deal! Happy to offer equity, or compensate you for your time.
Hey thanks Armaan! So awesome to hear. The best way to get in touch with me and team on deals is to get in touch with us at my company Cedar Creek Wealth - cedarcreekwealth.com/
@@SelfStorageIncome Thanks AJ. I filled out the form. Let's work together. I need guidance with finding & analyzing deals and markets and implementing solid systems in place. I've spent the last 2 days binge-reading your book and I'm ready to dive in and hustle.
Awesome! Thanks Armann!
I am a realtor in Cedar Rapids Iowa and there is a unique off market storage unit deal I would love to present to you. How can I get in personal contact with you?
Great value add potential and mixed residential and commercial income.
Thanks for reaching out Jack! You can reach me and my team on our Cedar Creek Wealth website or the Self Storage Income website.