Make Thousands Per Month With Self Storage #shorts

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[Cheytac]

Reality: my friend Nick realizes that he has to spend $50k/year on a manager to run the place, can’t afford the loss despite building positive equity, and wants me to inflate the value so he can crawl out from an over leveraged business venture at 7% interest before the market inevitably crashes.

Am I close?

[absoliutenuds]

30% in cash return. Shows that the gross cash return is 20% and the net profit is less than 10%

[skrypture]

Free apartment on site is how they used to do it back in the 90’s

[RichardHarlos]

_"Real money is made when there's blood in the streets."_

Sociopathy 101 right there.

[taylormanx]

Something tells me Nick is more than just a friend.

[darylgonzalez]

Sometimes I wonder if these people own these things for real or they are just generating content to make money off a scam

[josephsmartt]

He makes 10k a year only spending 1, 000, 000, 000, 000, 000, 000, 000 on his brick and mortar business.

[lensperspective]

If you get rid of those illegal taxes, business would be better

[Lazarus]

I would never buy a self storage place. I used to work for a large self storage company. We used to buy a new standalone property that had failed once a month. If you're not already wealthy, this is not the way to do it.

[natecote]

Your friend nick is what makes it so hard for everyone else to start businesses like this

[a-a-ron]

I must have missed the liability insurance ✌️

[omarngaby]

$10k down? Who financed him? That's like a 2% down payment. Even a SBA loan is a minimum 10% which would be at least $45k down for that loan. I got much to learn.. 😂

[purewaterswva.]

Now Nick has turned to YouTube influencers to pitch his storage facilities to individuals or commercial consolidators. A lead funnel has been generated for prospective investors wanting in on the storage facility space instead of finding the property and getting the permits and business licenses. Nick will happily look into his inventory of properties and sell you one...TURN KEY. Excellent Marketing, simply genus.

[cailingli]

The number doesn’t add up at all… we own numerous real estate properties. Our Rental properties and storage units cash on cash is 8-10% on average. 30% cash on cash is insane. Maintenance is much higher than 3k a year, period.

[Uservfjhejf]

I make more selling comic books on eBay and don't have any of those expenses or that headache

[BattleOfBowties]

My friend had a storage facility in downtown Houston, this is highly unlikely returns. He sold it as it wasn't the cash cow he thought it would be. And his prices were dirt cheap in comparison to others.

[theboringchannel]

Since no labor was included

So spend 10k cash,
assume 470k in liabilities,
leaves you with a job that
pays you 39k a year.
Oh, you get to sweep the propery and shovel the snow as well,
and not lets forget clean the toilets as well.

What a deal.

[kevinbenitez]

That whiteboard did nothing by help understand this, just a bunch of scribbles

[cwilson]

Tell him to sell making only $39k a year on $150mil worth is laughable

[Habibi]

Too tight of a margin. Nick has vacancies or repairs that will cost him well over $39k, then Nick is SOL .... hope he has deep pockets to sustain a down turn or Nick is foreclosed.