What's the cost of self-storage that you can acquire per sqft? In my area they are all selling at 120-200 per sqft, which is 3x the construction cost. I am concerned if I buy, someone could build a new one and out compete me.
@@Retipster one of the most critical concepts that the interviewee mentioned was selling out vs holding forever. There is a lot of frowning on selling anything in real estate. A lot of talking heads think buy and hold forever is the way to go. But, the math works much better if you hold medium term and sell at high points, then find more distressed property. What about cashing out more than you put in, or more than your capital and retaining the property for a longer period?
@@Dave-rh1ry - yeah, I think it's just a question of what your priorities and motivations are. I wouldn't say there's a "right" or "wrong" way that can apply to everyone, just a question of what a person wants.
I'm currently working on one (Seth here). Putting together final cost estimates and projections now... the jury is still out on whether this one will pan out, but if it does, you can bet you'll hear about it on the blog. :)
Jared lose the hat. Very unprofessional. Don't interrupt your guest speaker, ask to many questions at once and/or say "Like" so much. Otherwise great video. Very informational and Jared you did have some good questions and concerns best of luck to you in your investment(s).
![ILLSLICK - THE KING'S LANDING [Freestyle]](http://i.ytimg.com/vi/feIJJnNkTfk/mqdefault.jpg)
This was VERY beneficial. Thank you so much and thank you Scott for this interview
Ok
Such an informative interview and great questions were asked. Thank you very much!
I Love that tou have the Ayrton Senna F1 hat. He’s the BEST EVER. I just think that hat deserve the Winter spot up in the centrer.
I am about to close on a 90 unit 100% full with a waiting list!
Cool! Let us know how it goes Bob!
Fortunately there is a great car wash at the front of the property. I’ll keep you posted.
Any update?
Hey bob anything new?
@@Justin-xd7zj Bob now runs a Burger joint with his family. 😌
Lots of great info, thank you!
Thanks for watching!
Good information! Thank you.
The prices are so high in self storage now that NOI's are barely enough to make mortgage payments.
Great info. Thanks.
What's the cost of self-storage that you can acquire per sqft? In my area they are all selling at 120-200 per sqft, which is 3x the construction cost. I am concerned if I buy, someone could build a new one and out compete me.
Wow, that sounds like a lot. Could you look in another market? At those prices, it sounds like a bit of a bubble to me.
Is the course still available? I would love to take it.
Any recommendations on what books to pick up on the topic of investing/business.
Check out these: retipster.com/best-books
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Even if cap exceeds interest rate, inflation with food and fuel (18+%) makes it negative.
Great info
Thanks for watching David!
@@Retipster one of the most critical concepts that the interviewee mentioned was selling out vs holding forever. There is a lot of frowning on selling anything in real estate. A lot of talking heads think buy and hold forever is the way to go.
But, the math works much better if you hold medium term and sell at high points, then find more distressed property.
What about cashing out more than you put in, or more than your capital and retaining the property for a longer period?
@@Dave-rh1ry - yeah, I think it's just a question of what your priorities and motivations are. I wouldn't say there's a "right" or "wrong" way that can apply to everyone, just a question of what a person wants.
thank you so much for this
Thanks for watching!
I found one that should not of been built. It has over 100 units less than 25% occupancy and population is under 1000 people. Was built in the 60s
i'm building, 260,000sqft in three phases.
Cool! Whereabouts?
Did either of you end up getting a storage facility
I'm currently working on one (Seth here). Putting together final cost estimates and projections now... the jury is still out on whether this one will pan out, but if it does, you can bet you'll hear about it on the blog. :)
Purple shirt is a hard listen...
This dude facial expressions are like Jim Carey and sounds just like Patrick Warburton.
Jared lose the hat. Very unprofessional. Don't interrupt your guest speaker, ask to many questions at once and/or say "Like" so much.
Otherwise great video. Very informational and Jared you did have some good questions and concerns best of luck to you in your investment(s).
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I was thinking the same. Really good questions, but super annoying interrupting.
I disagree. Awesome, free interview. Excellent content. Masterclass. Greatly appreciated!!!
Ask Scott meyers about going bankrupt
What if you're dead broke, How can someone gain access to capital?
Save some money and pay off consumer debt until you're not dead broke.
Everyone has time.
Time=money
Self storage...
Where we steal your property
You too can work 50+ hrs a week! Must be type "A" personality.
A shameful ptactice
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shot any time anyone says "like" or "uhm" as a filler XD
Freaking ads. Enough.