243. How to Start a Storage Business for Little or No Money

Self Storage Income

Wondering how to start a storage business with no money? Surprisingly, most self storage investors start out with no or low-money-down deals. Even the wealthiest of storage investors rarely pay for a property in cash or use their own money to make the down payment.

Self storage DOESN’T require you to have millions and millions of dollars to get started, and in this episode, we’re showing you exactly how to build your self storage portfolio when starting from ZERO.

There are a few strategies you’ll need to know before you can buy your first zero-dollars-down storage facility. If you’re able to master these, you can easily pick up a storage facility for very little money down or sometimes zero dollars out of pocket. Want to use other people’s money to pay for your deals? AJ and Conner go over the two parts of raising money and how to raise capital once you’ve got a deal in hand.

Do NOT let this tough market go to waste. Now is one of the EASIEST times to get no and low money down self storage investments done! So tune in, and get ready to execute (even if you’ve got NO money!).

What you’ll learn in today’s show:

• How to start a storage business with no money or very little money out of pocket
• Why now may be one of the BEST times to get seller financing on a storage facility
• The exact strategy AJ used to go from no facilities to hundreds of millions in self storage
• Beginner steps we would take in 2024 to get our first storage facility deal done
• Raising capital for your deals and how to get investors to put up the down payment
• Why you should always look for the deal first BEFORE you worry about the money

What we mentioned:

Finding Deals

Buying Deals

Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/

Check out Storelocal! Our national self storage brand.

https://www.storelocal.com/

Ready to buy storage? Have your deals personally evaluated by AJ and our team!

https://www.selfstorageincome.com/feasibility

Take advantage of today’s market conditions and invest with us:

https://cedar.cc/invest