But don't forget about growth potential. You'll want to balance safety with opportunities for higher returns, maybe through a mix of stocks and real estate.
The problem is that people don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging condition
this is something I want to do but on a lot smaller scale starting out. I rang up a local storage container business and they said they got a waiting list and they are renting them out for £125 each. if its on 2 acres of land thats 8000 square metres or just over. so 319 shipping containers each one has approximately 25 square metres. the 20 foot containers are 6 metres by almost 2.5 metres so 15 square metres. then you are leaving 10 square metres per shipping container for movement. if you have 2 facing eachother with 8 metres in-between thats 20m by 2.5 so 50 square metres. to achieve a £500,000 turnover you would need 298 of the 319 rented out at any given time or 93.4% occupancy.
Well done Abi and team. Keep us updated on progress at this site, looking forward. Its worth getting 2 containers delivered at a time on each HIAB to save on delivery costs. If you are charging insurance or not, its worth investing in insurance approved CISA 66 padlocks or equivalent. Have lock boxes fitted to increase security. If you need any advice get in touch.
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
One floor! Your getting rid of the caravaners, But earliar you said caravaners and storage go hand in hand. So when you get rid of the caravaners if they have a container you have lost both? Right or wrong?
There is a guy l rent a garage from on the outskirts of a city. He said maintaining the garages was so much easier and hes kept doing it as it was his first investment.
Great vid Abi, very interesting, just curious how did you buy the business, was it a simple one of transaction or are you paying it of in stages out of recurring income. If it was one of deal, did you get a mortgage/loan for a proportion of the cost based on income the business generates historically. I suppose the simple question is also, have you any inclination why the current owner didn't see this reasonably simple pivot for their own business, was it a case of wanting to retire, health, etc. Good Luck and Many Thanks
Sounds good, is it possible to get 90-100% financing for such purchase with similar business plan to yours? Also is this all containers on ground or stacking by height as well?
If i had a good capital, i would have some flexibility. I would consider diversifying across different asset classes.
Absolutely. It's crucial to have a well-thought-out plan, especially considering the current state of the global economy.
I agree. Given the uncertainties, it might be wise to allocate a portion to safer options like bonds or fixed income securities.
But don't forget about growth potential. You'll want to balance safety with opportunities for higher returns, maybe through a mix of stocks and real estate.
@@PingPing-ij8zoYou are right
The problem is that people don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging condition
this is something I want to do but on a lot smaller scale starting out. I rang up a local storage container business and they said they got a waiting list and they are renting them out for £125 each. if its on 2 acres of land thats 8000 square metres or just over. so 319 shipping containers each one has approximately 25 square metres. the 20 foot containers are 6 metres by almost 2.5 metres so 15 square metres. then you are leaving 10 square metres per shipping container for movement. if you have 2 facing eachother with 8 metres in-between thats 20m by 2.5 so 50 square metres. to achieve a £500,000 turnover you would need 298 of the 319 rented out at any given time or 93.4% occupancy.
Well done Abi and team. Keep us updated on progress at this site, looking forward. Its worth getting 2 containers delivered at a time on each HIAB to save on delivery costs. If you are charging insurance or not, its worth investing in insurance approved CISA 66 padlocks or equivalent. Have lock boxes fitted to increase security.
If you need any advice get in touch.
I know nothing about trading /investment and I'm keen on getting started. What are some strategies to get started with?
As a beginner, it's essential for you to have a mentor to keep you accountable.
I'm guided by a widely known crypto consultant
Mrs Nancy Williams Laplace
Nancy is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
Please how can I reach her?
One floor!
Your getting rid of the caravaners,
But earliar you said caravaners and storage go hand in hand.
So when you get rid of the caravaners if they have a container you have lost both? Right or wrong?
There is a guy l rent a garage from on the outskirts of a city. He said maintaining the garages was so much easier and hes kept doing it as it was his first investment.
Wow
No real business person would give up secrets
Great vid Abi, very interesting, just curious how did you buy the business, was it a simple one of transaction or are you paying it of in stages out of recurring income. If it was one of deal, did you get a mortgage/loan for a proportion of the cost based on income the business generates historically. I suppose the simple question is also, have you any inclination why the current owner didn't see this reasonably simple pivot for their own business, was it a case of wanting to retire, health, etc. Good Luck and Many Thanks
Thats genius Abby, i never thought about it that way. Thank you for the eye opener.
Sounds good, is it possible to get 90-100% financing for such purchase with similar business plan to yours? Also is this all containers on ground or stacking by height as well?
Well, its a very good investment. ❤️❤️
🫡🇬🇧