393: Real Estate's Undiscovered Niche
Get Rich Education
English - April 18, 2022 08:00 - 43 minutes - 44.2 MB - ★★★★★ - 587 ratingsInvesting Business Careers passiveincome business creatingwealth income kiyosaki money real realestate realestateinvesting rich Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
One niche that people are passionate about is investing in self-storage facilities (SSF).
SSFs are recession-resilient and there’s less to maintain. Your “tenants” are often cardboard boxes, not humans. This makes it easy to manage.
Tenants often expect to stay for 6 months, but stay for 3 years.
A 10 x 10 storage space might rent for $200. You could increase the rent by 10% to $220. They won’t move out due to a $20 increase, but you got a 10% rent hike across all your units.
The best SSF locations are accessible, for example, near an expressway interchange.
SSFs are little more than 4 pieces of sheet metal, a floor, and a door.
You can invest alongside today’s SSF expert guest, Dave, at: www.gremarketplace.com/selfstorage
This business model: Buy property from a mom-and-pop operator, add size and scale, and sell to a REIT, all in a 3 to 6-year span.
One must be accredited and invest at least $50K. Investors receive reports quarterly.
SSF cash flow is modest, typically 3-7%. This is an equity play, where you could 2-3X your funds on the sale at exit time.
Learn more and get started at: www.gremarketplace.com/selfstorage
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