Mar 29, 2021
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.
www.RogerBlankenship.com. Leave a voicemail right from the home page!
Facebook.com/flippingamericamedia
Twitter and Instagram @FlippingAmerica
Call our National Comment Line: 877-55-ROGER (877-557-6437) ext 1. Leave your message or your question.
Email your questions to questions@flippingamerica.net. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind.
American IRA: www.americanIRA.com
Flipping America Buyers Club
Legal Shield