Wednesday, December 15, 2021

Self Storage Acquisition Options

Have a nice off market deal on some self storage. 180 units. I’m doing my due diligence but afraid I don’t have the funds to close. Looking at SBA potentially. Anyone have advice on acquiring something like this when you have little money to put down ?

I think I could refi my home and use that for the SBA down payment, but curious what others say.

The property is mostly vacant - currently grossing $6,000 per month but could be doing three times that since it’s mostly empty. My goal would...

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