20:21 how does one even learn to know WHAT to ask. This is the kind of thing that has been a hurdle for me in every business educational sector I explore. How do I even know what to learn about cause when it comes down to it it’s understanding numbers and being able to talk fluently on this magical business language but It’s like somehow everyone magically speaks this language. But where does one learn these metrics and what to ask and how to know what to take into consideration. This make sense ?
I have calculated over 15 facilities for sale on Crexi/Loopnet, etc. and none of them cashflow. The combination of the asking prices and debt service leaves nothing for a buyer to take home as profit. Please address this.
That's a great way to do it. Unfortunately sellers still haven't gotten the message that the economy isn't what it used to be...so their sky high prices often leave you hanging
Hi AJ, I was considering getting my first storage facility, but in one of your videos, you said something about the business being extinct (or something along those lines) within the next 20 years. Can you elaborate more on that for me please? Thanks, James.
@JamesLee-xl6cb - Great question! I touched on tech shaking up storage. It's not about the end of the road, but more like a remix! Think about blending in tech, understanding what customers dig, and doing it all in an eco-friendly way. It's about riding the wave of change, not getting wiped out.
@hunterallred8395 - thanks for the comment! Hope you're gonna find this helpful: 👉 ruclips.net/video/I7ITVTevfs4/видео.html&ab_channel=SelfStorageIncome
I am a broker in Texas. I would love to scout deals for you and learn more about self storage in the process as I am looking to enter that a space as well. I am based out of Dallas and have been in this market for 20 years. Are you interested in entering this market? If so, I would love to get more info on what you are looking for (buy box) so I can go and find it.
So we're actually trying some new stuff with the community to hopefully provide more value to everyone. Check it out here! www.selfstorageincome.com/ssi-membership
![How Much Money Do You Need to Get Started in Self Storage? [Your First Facility]](http://i.ytimg.com/vi/Ma1zSDJzTYY/mqdefault.jpg)
![How Much Money Do You Need to Get Started in Self Storage? [Your First Facility]](/img/tr.png)
20:21 how does one even learn to know WHAT to ask. This is the kind of thing that has been a hurdle for me in every business educational sector I explore. How do I even know what to learn about cause when it comes down to it it’s understanding numbers and being able to talk fluently on this magical business language but It’s like somehow everyone magically speaks this language. But where does one learn these metrics and what to ask and how to know what to take into consideration. This make sense ?
I have calculated over 15 facilities for sale on Crexi/Loopnet, etc. and none of them cashflow. The combination of the asking prices and debt service leaves nothing for a buyer to take home as profit. Please address this.
Agreed. Essentially you have to use a creative financing solution such as owner financing.
That's a great way to do it. Unfortunately sellers still haven't gotten the message that the economy isn't what it used to be...so their sky high prices often leave you hanging
Great video! I myself have been loving the storage game and I find your videos so valuable for me. Thanks AJ!
@marckuhnmak - Glad to hear it! Thank you!
Hi AJ, I was considering getting my first storage facility, but in one of your videos, you said something about the business being extinct (or something along those lines) within the next 20 years. Can you elaborate more on that for me please? Thanks, James.
Even it goes extinct in 20yrs, you can buy and sell in 7 yrs to make a profit
@JamesLee-xl6cb - Great question! I touched on tech shaking up storage. It's not about the end of the road, but more like a remix! Think about blending in tech, understanding what customers dig, and doing it all in an eco-friendly way. It's about riding the wave of change, not getting wiped out.
Thanks! That’s a little more encouraging.
@@SelfStorageIncome
Is it possible to buy a storage unit business with no money down as a first time buyer?
@hunterallred8395 - thanks for the comment! Hope you're gonna find this helpful:
👉 ruclips.net/video/I7ITVTevfs4/видео.html&ab_channel=SelfStorageIncome
I am a broker in Texas. I would love to scout deals for you and learn more about self storage in the process as I am looking to enter that a space as well. I am based out of Dallas and have been in this market for 20 years. Are you interested in entering this market? If so, I would love to get more info on what you are looking for (buy box) so I can go and find it.
Where is this community you keep referencing? Is it a FB group?
So we're actually trying some new stuff with the community to hopefully provide more value to everyone. Check it out here! www.selfstorageincome.com/ssi-membership