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Most storage investors fail before they even start—because they don't know what they're looking for. In this episode, Alex Pardo breaks down the exact “Storage Deal Avatar” he used to buy his first 340-unit storage facility. From population data and income metrics to square footage and expansion potential, Alex walks through the key deal criteria that filter the noise and get you focused on what actually works. This is the clarity you've been missing. KEY TAKEAWAYS Reasons why most new storage investors never get started What locked in Alex's first 340-unit storage deal The surprising power of tertiary markets Why you should steer clear of the big players' turf Easy value-add moves that boost revenue fast RESOURCES/LINKS MENTIONED Census.gov Download Alex's Free Storage Buy Box Checklist: https://www.storagewins.com/buybox Storage deals live or die by supply data. Get the tool that shows you exactly what's coming. Sign up on Tract IQ and get 50% off with tractiq.com/pardo. TWEETABLES "What you focus on expands." "The limiting belief that you need money is one of the very things that holds people back from getting involved in this business."
Millions of U.S. properties are at substantial risk of flooding, and some say that risk is growing due to climate change. But it hasn’t been easy to determine a property’s flood risk. Many states don’t have flood history disclosure requirements, and FEMA maps don’t tell the whole story. A non-profit academic research group hopes to close that information gap with a new visualization tool that calculates flood risk for 142 million properties across the U.S. www.NewsForInvestors.com
The Florida governor is taking steps to restart the vacation rental business but some short-term rental operators are not very happy about the rules. Governor Ron DeSantis banned most short-term rentals in March, while allowing hotels and other kinds of lodging to remain open. Some have filed a lawsuit over a vacation rental ban that they feel has unfairly singled them out. www.NewsForInvestors.com
Our guest today probably broke her financial planners advice. Right at retirement age, she took her money out of the market and invested it in cash flowing real estate out of state. Some would call this extremely risky. Real estate investors might say it's a way to secure one's wealth to hard assets during the golden years. Let's see what Irene says, Welcome! www.RealWealthShow.com
Busy professionals may not have the time to buy, renovate and manage their rental properties. And if they live in expensive metros, they may not be able to find properties that cash flow nearby. This often leaves them no choice but to buy property out-of-state that is already renovated and managed, which is also known as "turnkey" rental property. But does turnkey mean problem free? Unfortunately, it does not. Rental properties are never truly turnkey in the sense that you can just buy them and forget about them because they magically create checks that show up in your mailbox or inbox. Properties are not like stocks. If you buy an Apple stock, and your neighbor buys and Apple stock, you are basically buying the same thing -- maybe just at a different price. With real estate, every single property is different. And therefore, turnkey or not, they all require a buyer's due diligence. Our guest today was in that exact situation. He wanted to build a rental portfolio but couldn't do it locally. So he researched the turnkey model, and created systems that he'll share with us on the Real Wealth Show. www.RealWealthShow.com
My guest today shares how he has built a portfolio of 600 cash flowing single family rental properties, what his strategy is and the challenges of owning a large portfolio.
My guest today shares how he has built a portfolio of 600 cash flowing single family rental properties, what his strategy is and the challenges of owning a large portfolio.
Do you really save money with a DIY fixer or is buying a turn-key property the cheaper way to go? The answer may surprise you. In this weeks Pinnacle Perspective, we talk about why a turn key property doesn't always cost you more and what to look for when working with a turn key company.
Do you really save money with a DIY fixer or is buying a turn-key property the cheaper way to go? The answer may surprise you. In this weeks Pinnacle Perspective, we talk about why a turn key property doesn't always cost you more and what to look for when working with a turn key company.