185. Buying your First Self Storage Facility: Do's and Don'ts w/ Ben Kall
Self Storage Income
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Commercial Real Estate - You're in Charge, Right?
When you go get a loan from home, all the banks cares about is your income and how steady it is. If you can pay them, then they're going to max you out, right? That's their benchmark. They don't say, oh, you make this much money. So we're not going to loan to you anymore. No, that's how it works because they look at the asset. The way that I underwrite a property has not changed since I literally had nothing to my name. Like if everything goes wrong, am I still breaking even and making money? If that checkbox is checked, now we look at what can our potential target returns be. And then
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