Storing Up Profits: Capitalize on America's Obsession with STUFF by Investing in Self-Storage

by Paul Moore

Overview

Are you tired of overpaying for single and multifamily properties in an overheated market? Investing in self-storage is an overlooked alternative that can accelerate your income and compound your wealth!

With the popularity of real estate investing causing an unprecedented stampede to the housing market, smart investors are now turning to self-storage. There are more than 54,000 self-storage facilities in the United States—equivalent to the total number of Starbucks, McDonald’s, and Subway restaurants combined—and a large percentage of these can be profitably upgraded to operate or sell.

In this comprehensive overview, self-storage fund manager Paul Moore will teach you how to profitably acquire, operate, and sell storage unit facilities of all sizes. Get in front of your competition while you can—and build a multigenerational income machine!

Inside you'll learn:

How to make the jump from residential or multifamily investing to commercial self-storage

The little-known strategy used by operators to generate over 40 percent annual returns

Ten surprising tax benefits for commercial self-storage investors—and why many investors pay zero taxes

How to locate a mom-and-pop self-storage asset in the path of growth

How to succeed in self-storage without quitting your day job or abandoning your retirement

Four powerful strategies to build a self-storage empire

And much more!

Product Details

ISBN-13:	9781947200487
Publisher:	BiggerPockets Publishing
Publication date:	12/14/2021
Pages:	205
Product dimensions:	5.90(w) x 8.80(h) x 0.60(d)

About the Author

Paul Moore is the founder and managing partner of Wellings Capital, a company that vets and invests in large-scale commercial real estate projects, including self-storage syndications. In the real estate sector, Paul has been investing for more than twenty years—he has completed more than one-hundred real estate investments and exits, appeared on an HGTV special, developed a waterfront subdivision, built and managed a large multifamily property, and launched a successful online real estate marketing firm. Paul co-hosted How to Lose Money, a wealth-building podcast, contributes to BiggerPockets.com and Fox Business, and is a two-time Finalist for Michigan Entrepreneur of the Year.

Table of Contents

Introduction 10

Section I Why Self-Storage? 16

Chapter 1 The Basics of Self-Storage 17

Chapter 2 The Power of Self-Storage 29

Chapter 3 The Winning Profit and Value Formula 48

Chapter 4 Self-Storage Tax Strategies 66

Chapter 5 Barriers to Self-Storage 79

Section II The Big How-Three Strategies for Self-Storage Success 86

Chapter 6 Success Strategy 1: Ground-Up Development 87

Chapter 7 Success Strategy 2: Value-Add Self-Storage 97

Chapter 8 Success Strategy 3: Retrofit and Repurpose an Existing Building 126

Section III Seven Paths to Self-Storage Mastery 133

Chapter 9 Path 1: The Long and Winding Road 134

Chapter 10 Path 2: Baptism by Fire-The Fastest Path up the Steepest Mountain 142

Chapter 11 Path 3: Jump-Start Your Career as a Self-Storage Deal Finder 153

Chapter 12 Path 4: Become a Capital Development Specialist 163

Chapter 13 Path 5: Get a Job 169

Chapter 14 Path 6: Take the Passive Path 180

Chapter 15 Path 7: Find a Coach or Mentor 188

Chapter 16 The Road Ahead 198

About the Author 200

Acknowledgements 202