Let's talk about self storage.

Hello All,

I'm looking to invest into my first Self Storage Facility this year, I have a lot of questions, I'm currently working with a bank to get all of the approvals I need to get an SBA 7 loan but in the mean time can someone please help understand what is the best way to obtain knowledge on how to analyze deals, operations, property management, learning the business from start to finish, I don't want to fail!!! I plan on attending some of the upcoming luncheons to learn and network with operators & developers however, what would you advise me to do in this early stage of my self storage journey? I thought of investing into a mentorship inner circle, this is very expensive investment (25K), with no guarantee that I would get a Self Storage Facility, this program supposedly locates off market deals and help you all of the way, I'm unable to find anyone that has gone through a program like this and came out successful, can anyone confirm if there is a mentorship/inner circle that can be verified? Is there another work around that I can learn to save 25K? Your advice would be greatly appreciated!!! 

Hello All,

I'm looking to invest into my first Self Storage Facility this year, I have a lot of questions, I'm currently working with a bank to get all of the approvals I need to get an SBA 7 loan but in the mean time can someone please help understand what is the best way to obtain knowledge on how to analyze deals, operations, property management, learning the business from start to finish, I don't want to fail!!! I plan on attending some of the upcoming luncheons to learn and network with operators & developers however, what would you advise me to do in this early stage of my self storage journey? I thought of investing into a mentorship inner circle, this is very expensive investment (25K), with no guarantee that I would get a Self Storage Facility, this program supposedly locates off market deals and help you all of the way, I'm unable to find anyone that has gone through a program like this and came out successful, can anyone confirm if there is a mentorship/inner circle that can be verified? Is there another work around that I can learn to save 25K? Your advice would be greatly appreciated!!! 

Hello All,

I'm looking to invest into my first Self Storage Facility this year, I have a lot of questions, I'm currently working with a bank to get all of the approvals I need to get an SBA 7 loan but in the mean time can someone please help understand what is the best way to obtain knowledge on how to analyze deals, operations, property management, learning the business from start to finish, I don't want to fail!!! I plan on attending some of the upcoming luncheons to learn and network with operators & developers however, what would you advise me to do in this early stage of my self storage journey? I thought of investing into a mentorship inner circle, this is very expensive investment (25K), with no guarantee that I would get a Self Storage Facility, this program supposedly locates off market deals and help you all of the way, I'm unable to find anyone that has gone through a program like this and came out successful, can anyone confirm if there is a mentorship/inner circle that can be verified? Is there another work around that I can learn to save 25K? Your advice would be greatly appreciated!!! 

Hello.  Read your post and wanted to tell you good luck and wishing you the best.  We agree with Mike.  Save your money and invest with TSSA.  Go to their functions.  You meet amazing knowledgeable people and make great contacts.  Sheri

Hello All,

I'm looking to invest into my first Self Storage Facility this year, I have a lot of questions, I'm currently working with a bank to get all of the approvals I need to get an SBA 7 loan but in the mean time can someone please help understand what is the best way to obtain knowledge on how to analyze deals, operations, property management, learning the business from start to finish, I don't want to fail!!! I plan on attending some of the upcoming luncheons to learn and network with operators & developers however, what would you advise me to do in this early stage of my self storage journey? I thought of investing into a mentorship inner circle, this is very expensive investment (25K), with no guarantee that I would get a Self Storage Facility, this program supposedly locates off market deals and help you all of the way, I'm unable to find anyone that has gone through a program like this and came out successful, can anyone confirm if there is a mentorship/inner circle that can be verified? Is there another work around that I can learn to save 25K? Your advice would be greatly appreciated!!! 

Hello All,

I'm looking to invest into my first Self Storage Facility this year, I have a lot of questions, I'm currently working with a bank to get all of the approvals I need to get an SBA 7 loan but in the mean time can someone please help understand what is the best way to obtain knowledge on how to analyze deals, operations, property management, learning the business from start to finish, I don't want to fail!!! I plan on attending some of the upcoming luncheons to learn and network with operators & developers however, what would you advise me to do in this early stage of my self storage journey? I thought of investing into a mentorship inner circle, this is very expensive investment (25K), with no guarantee that I would get a Self Storage Facility, this program supposedly locates off market deals and help you all of the way, I'm unable to find anyone that has gone through a program like this and came out successful, can anyone confirm if there is a mentorship/inner circle that can be verified? Is there another work around that I can learn to save 25K? Your advice would be greatly appreciated!!! 

Hello All,

I'm looking to invest into my first Self Storage Facility this year, I have a lot of questions, I'm currently working with a bank to get all of the approvals I need to get an SBA 7 loan but in the mean time can someone please help understand what is the best way to obtain knowledge on how to analyze deals, operations, property management, learning the business from start to finish, I don't want to fail!!! I plan on attending some of the upcoming luncheons to learn and network with operators & developers however, what would you advise me to do in this early stage of my self storage journey? I thought of investing into a mentorship inner circle, this is very expensive investment (25K), with no guarantee that I would get a Self Storage Facility, this program supposedly locates off market deals and help you all of the way, I'm unable to find anyone that has gone through a program like this and came out successful, can anyone confirm if there is a mentorship/inner circle that can be verified? Is there another work around that I can learn to save 25K? Your advice would be greatly appreciated!!! 

Hello All,

I'm looking to invest into my first Self Storage Facility this year, I have a lot of questions, I'm currently working with a bank to get all of the approvals I need to get an SBA 7 loan but in the mean time can someone please help understand what is the best way to obtain knowledge on how to analyze deals, operations, property management, learning the business from start to finish, I don't want to fail!!! I plan on attending some of the upcoming luncheons to learn and network with operators & developers however, what would you advise me to do in this early stage of my self storage journey? I thought of investing into a mentorship inner circle, this is very expensive investment (25K), with no guarantee that I would get a Self Storage Facility, this program supposedly locates off market deals and help you all of the way, I'm unable to find anyone that has gone through a program like this and came out successful, can anyone confirm if there is a mentorship/inner circle that can be verified? Is there another work around that I can learn to save 25K? Your advice would be greatly appreciated!!! 

Hello All,

I'm looking to invest into my first Self Storage Facility this year, I have a lot of questions, I'm currently working with a bank to get all of the approvals I need to get an SBA 7 loan but in the mean time can someone please help understand what is the best way to obtain knowledge on how to analyze deals, operations, property management, learning the business from start to finish, I don't want to fail!!! I plan on attending some of the upcoming luncheons to learn and network with operators & developers however, what would you advise me to do in this early stage of my self storage journey? I thought of investing into a mentorship inner circle, this is very expensive investment (25K), with no guarantee that I would get a Self Storage Facility, this program supposedly locates off market deals and help you all of the way, I'm unable to find anyone that has gone through a program like this and came out successful, can anyone confirm if there is a mentorship/inner circle that can be verified? Is there another work around that I can learn to save 25K? Your advice would be greatly appreciated!!! 

I agree with the others.  Don't waste your $25k.  It took me almost 5 years before I took the plunge.  In that time I talked to other owners (generally a very helpful group of people), lurked on message boards, and analyzed every opportunity I came across, even if I wasn't making an offer, to better understand the numbers and what would work for my situation.  What was the occupancy like?  How were the collections?  Could I improve on rents in this area?  Could I improve the property?  Etc, etc.  By the time I was ready to pull the trigger I was confident I could be successful. 

Hello All,

I'm looking to invest into my first Self Storage Facility this year, I have a lot of questions, I'm currently working with a bank to get all of the approvals I need to get an SBA 7 loan but in the mean time can someone please help understand what is the best way to obtain knowledge on how to analyze deals, operations, property management, learning the business from start to finish, I don't want to fail!!! I plan on attending some of the upcoming luncheons to learn and network with operators & developers however, what would you advise me to do in this early stage of my self storage journey? I thought of investing into a mentorship inner circle, this is very expensive investment (25K), with no guarantee that I would get a Self Storage Facility, this program supposedly locates off market deals and help you all of the way, I'm unable to find anyone that has gone through a program like this and came out successful, can anyone confirm if there is a mentorship/inner circle that can be verified? Is there another work around that I can learn to save 25K? Your advice would be greatly appreciated!!! 

Hello All,

I'm looking to invest into my first Self Storage Facility this year, I have a lot of questions, I'm currently working with a bank to get all of the approvals I need to get an SBA 7 loan but in the mean time can someone please help understand what is the best way to obtain knowledge on how to analyze deals, operations, property management, learning the business from start to finish, I don't want to fail!!! I plan on attending some of the upcoming luncheons to learn and network with operators & developers however, what would you advise me to do in this early stage of my self storage journey? I thought of investing into a mentorship inner circle, this is very expensive investment (25K), with no guarantee that I would get a Self Storage Facility, this program supposedly locates off market deals and help you all of the way, I'm unable to find anyone that has gone through a program like this and came out successful, can anyone confirm if there is a mentorship/inner circle that can be verified? Is there another work around that I can learn to save 25K? Your advice would be greatly appreciated!!! 

Hello All,

I'm looking to invest into my first Self Storage Facility this year, I have a lot of questions, I'm currently working with a bank to get all of the approvals I need to get an SBA 7 loan but in the mean time can someone please help understand what is the best way to obtain knowledge on how to analyze deals, operations, property management, learning the business from start to finish, I don't want to fail!!! I plan on attending some of the upcoming luncheons to learn and network with operators & developers however, what would you advise me to do in this early stage of my self storage journey? I thought of investing into a mentorship inner circle, this is very expensive investment (25K), with no guarantee that I would get a Self Storage Facility, this program supposedly locates off market deals and help you all of the way, I'm unable to find anyone that has gone through a program like this and came out successful, can anyone confirm if there is a mentorship/inner circle that can be verified? Is there another work around that I can learn to save 25K? Your advice would be greatly appreciated!!! 

Reginald, jump in the water is warm.  Recommendations, keep your day job.  Have this be your night job for a while.  Buying existing vs building...my recommendation, buy existing.  Easier to learn with current cash flow and existing customers.  The system that has worked really well for me is very conservative...monthly actual revenue x 40% is the max debt service payment you should have.  Ideally, you've got a payment where your principal reduction is equal to or greater than your interest.  This means that you have a big down payment and a lot of equity.  If you swing too far out over your skis and have a debt service payment that is 50%+ of your monthy revenue and your interest payment is way bigger than your principal payment...you've bought a job with a bunch of risk and the bank is the only one that is making money.  I'm happy to chat with you in detail if you have questions.  These are just my opinions...there are many different ways to be successful in self storage...this is what has worked for me.  Good luck.  John McAfee 214-923-0070

Hello All,

I'm looking to invest into my first Self Storage Facility this year, I have a lot of questions, I'm currently working with a bank to get all of the approvals I need to get an SBA 7 loan but in the mean time can someone please help understand what is the best way to obtain knowledge on how to analyze deals, operations, property management, learning the business from start to finish, I don't want to fail!!! I plan on attending some of the upcoming luncheons to learn and network with operators & developers however, what would you advise me to do in this early stage of my self storage journey? I thought of investing into a mentorship inner circle, this is very expensive investment (25K), with no guarantee that I would get a Self Storage Facility, this program supposedly locates off market deals and help you all of the way, I'm unable to find anyone that has gone through a program like this and came out successful, can anyone confirm if there is a mentorship/inner circle that can be verified? Is there another work around that I can learn to save 25K? Your advice would be greatly appreciated!!!