REI077: Masterclass on Self-Storage w/ Nick Huber

<p><strong>IN THIS EPISODE, YOU’LL LEARN:</strong></p><ul><li>4:56 - What self-storage is and why choose to invest in it</li><li>5:31 - If self-storage is an asset class that is realistically doable for new investors</li><li>7:13 - How financing works on a self-storage facility (i.e. typical down payment requirements, loan terms, etc.)</li><li>10:57 - How Nick found and funded his first deal property</li><li>11: 44 - What to look for in a location when searching for a piece of land to build on&nbsp;</li><li>12:58 - How important location is for self-storage&nbsp;</li><li>14:45 - Who self-storage investing is right for and who it is NOT right for</li><li>28:08 - What the costs are to acquire the land, do the construction, and run a storage facility&nbsp;</li><li>25:15 - How to estimate what to charge for rent when it comes to self-storage revenue&nbsp;</li><li>28:45 - What reserves to set aside for a self-storage facility and how to estimate those items in a deal analysis</li><li>36:13 - What return metrics one should focus on and what a satisfactory number is for those metrics</li><li>40:57 - How to perceive the competition in self-storage and what to do in order to win in a competitive asset class</li><li>45:52 - Whether it’s best to focus on one thing or one strategy versus working on many things at once</li><li>47:48 - What impact growing a large social media following has on a business&nbsp;</li><li>53:10 - What is required to be a successful entrepreneur if smarts isn’t a necessity</li><li>And much, much more!</li></ul><p><br></p><p><em>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.</em></p><p><br></p><p><strong>EPISODE RESOURCES</strong></p><ul><li><a href="http://instagram.com/therobertleonard" rel="noopener noreferrer" target="_blank"><strong>Get more FREE content from Robert</strong></a></li><li>Get a<strong> </strong><a href="https://www.amazon.com/Audible-Free-Trial-Digital-Membership/dp/B00NB86OYE/?&amp;_encoding=UTF8&amp;tag=millenniali0e-20&amp;li