Self Storage Investing for Beginners



www.commercialpropertyadvisors.com/self-storage-investing-for-beginners Discover insiders tips on self storage investing for beginners from the author of Commercial Real Estate Investing for Dummies, Peter Harris.

Comments

  1. How much of the calculated expense goes to paying the property manager?
  2. say someone has $20k to spend cash saved but has no borrowing terrible credit and just wants a small reliable monthly income supplement would building a small self storage be worth it or even feasible? I don't think it is my best friend and I were having a debate haha
  3. Excellent video and explanation. Thank you Peter!
  4. It seems like this would be a difficult way to be "self-employed". Not much of a profit margin once you factor in time for management and maintenance.
  5. What am I missing with the 1/3/5 mile radius? Why not just say 5 mile radius?
  6. I hate all flashy exiting tactics people try to use I like the numbers and he explained the math very well thank you
  7. What I don't understand is all these guys say self storage is a huge money maker! So go buy a little mom and pop place and start it now! But if it's making money they why would they want to sell? I know if my business is making me money why in the he'll would I be like okay here's the keys.
  8. Yeah but if I had $121,000, I wouldn't trade it to make $23,000/year. Thats an awful deal. If I put it in a fund instead that tracks the S&P500, I'll have somewhere around $165k after 5 years. With 5 years of this deal, I'll have probably turned that $121k into $50k.
  9. Peter....question:  I have been a commercial realtor for 16 years and one thing I heard on your video was something I have never heard before about financing.  Generally, SBA 7a and 504 loans are for owner occupier financing, not investor financing.  Unless there is some carve out specifically for 7a and 504 loans vis a vis self-storage, you have to occupy at least 51% of the space your are financing, and of course self-storage is a 0% owner occupy property.  Could you shed some light on that?  Thanks
  10. tim tong your numbers are wrong they rent by the month not year. # of units x rent x 12
  11. a cap rate of 6% is just awful isnt it?
  12. pls can u tell us 40% include what i mean the expences,thanks
  13. $79,000 per year / 270 units = $292.59
    Does $292 per unit seem realistic?
  14. Finally someone that will share the math behind it. I thank you "my friend" for sharing that with us, as a laymen who is very interested in learning everything I can about this side of the industry, this has definitely been  the catalyst that I believe will push me forward into my next step, well done   cheers
  15. Thanks for the great videos. Off topic but the turnover-rate in the apartment business is 6-7 months ? (4m40s). My expectations were quite a bit more to the upside. Thanks very much
  16. thank you, very understandable.
  17. Interesting video. Does the calculated expenses include property tax?
  18. Good video, I however do not think this facility was a good deal at $485K. Very rarely banks will do more than a 15 year amortization. That brings this deal to a 11% CAP RATE. This property based on these preliminary numbers has a net of $12,481.88 when financed with the prevalent commercial loan standard of 15 years.
  19. if you had a choice would you invest in apartment building or storage units?


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Duration: 39m 29s

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