Fixing and flipping houses isn’t for everyone. Fortunately there are about a thousand other ways to become a real estate millionaire. Today we are going to hear about another one.
If you want to fix and flip houses, you have a number of things to learn and obstacles to overcome. Finding deals, finding the money, hiring good contractors, and a few dozen other details you have to handle. Or, you could just buy self-storage facilities.
Self-Storage Investing is one of the youngest – and fastest growing – forms of commercial real estate. From virtual non-existence before 1970, the industry has grown to over 58,000 self-storage facilities in the U.S. today. And it is a strictly American concept, as there are only 12,000 self-storage facilities in the rest of the world combined. With over 2.35 billion square feet of space – a land mass three times the size of Manhattan Island – the self-storage industry is an ever-growing opportunity.
Self-storage units involve far less initial capital than many other real estate ventures.
Lenders look favorably on self-storage as a start-up business because of their tremendous success rate. In fact, down payments may run as low as 25% for conventional business loans. Better yet, Small Business Association (SBA) loans may require as little as 10% down.
Operating a self-storage facility is straightforward. It requires little previous experience.
Stacy Rosetti is joining us in a few minutes to discuss her transformation from house flipper to self-storage owner, advocate and trainer. She has the system, the know-how, and the ability to teach you what she has done to create financial freedom through self-storage.
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