Usually i like your videos. I feel like you left out too many details. Why a reducing interest rate? What was the no limp sum issue and how did you solve it.
Thank you for the video. I’ve been looking for one like this for a while. I am newer to the game and we are looking to purchase a mini storage in our town. The video unfortunately was over my head and I hardly understood any of it but I will be ordering your book very soon.
Hey @jesusfelix2605 - you're welcome! Glad the video was helpful, even if it was a bit overwhelming. Starting a new venture like purchasing a small storage facility can indeed be complex, especially if you're new to the business. Educating yourself, doing proper research, location, financial planning etc. are vital for success. Head over to www.selfstorageincome.com/ to get my free self-storage starter pack to keep your education journey going! Good luck! 💪
Typically this is just a deal between you and the seller, no actual loan has been taken out. So you would not be able to refi, technically if the original owner has a loan, they could. But it could impact your deal that is in place so make sure you take that into consideration when creating the contract between you and the seller.
Hey AJ, thank you so much for this videos. I've getting a ton of values from them, I'm new in the self storage space so I was curious to see how you put an LOI together. I've been looking to see if you already have a video on it but I didn't find it.
Hey @jamesonfirmin5715 - glad you liked them, and thanks for the comment! We did a podcast where we answered many questions about the LOI, and the process as a whole of getting a storage facility under contract. Hope you're gonna find it helpful: www.selfstorageincome.com/podcasts/self-storage-income-2/episodes/2147768993 💪 And since you're a beginner, don't forget to check out my free self-storage starter pack and join our free newsletters to learn more about investing in self storage! www.selfstorageincome.com/. All the best! 💪
![How to Double the Value of a Storage Facility [Keys to the Value Add Strategy]](http://i.ytimg.com/vi/9MdIAEPmTaY/mqdefault.jpg)
Usually i like your videos. I feel like you left out too many details. Why a reducing interest rate? What was the no limp sum issue and how did you solve it.
Thank you for the video. I’ve been looking for one like this for a while. I am newer to the game and we are looking to purchase a mini storage in our town. The video unfortunately was over my head and I hardly understood any of it but I will be ordering your book very soon.
Hey @jesusfelix2605 - you're welcome! Glad the video was helpful, even if it was a bit overwhelming. Starting a new venture like purchasing a small storage facility can indeed be complex, especially if you're new to the business. Educating yourself, doing proper research, location, financial planning etc. are vital for success.
Head over to www.selfstorageincome.com/ to get my free self-storage starter pack to keep your education journey going! Good luck! 💪
Is it possible to refi a seller financed deal? And if so how does that typically work?
Typically this is just a deal between you and the seller, no actual loan has been taken out. So you would not be able to refi, technically if the original owner has a loan, they could. But it could impact your deal that is in place so make sure you take that into consideration when creating the contract between you and the seller.
Great example of why its important to understand the othersides world/vision in a negotiation. Thx AJ
Is it possible to share the excel?
Thanks for watching! We don't share that specific excel sheet but we have a lot of helpful docs and sheets here: www.selfstorageincome.com/youtube
Great way to structure a deal!
What was the income before you took over and then when you refi'd?
Hey AJ, thank you so much for this videos. I've getting a ton of values from them, I'm new in the self storage space so I was curious to see how you put an LOI together. I've been looking to see if you already have a video on it but I didn't find it.
Hey @jamesonfirmin5715 - glad you liked them, and thanks for the comment! We did a podcast where we answered many questions about the LOI, and the process as a whole of getting a storage facility under contract. Hope you're gonna find it helpful: www.selfstorageincome.com/podcasts/self-storage-income-2/episodes/2147768993 💪
And since you're a beginner, don't forget to check out my free self-storage starter pack and join our free newsletters to learn more about investing in self storage! www.selfstorageincome.com/. All the best! 💪
Thank you so much for sharing such clear explantation on this! Make more of these vids haha! Best of luck!
Hey@itsajaysharma, more to come! Thank you!
I needed this thank you!
Glad to help!