Self Storage Income 314. Buying Your First Self Storage Facility While Working Full-Time w/Braedon Haertling
This one small-town storage facility has made today’s guest over $500,000. And if you’re interested in buying your first storage facility, there’s no better inspiration than this. With one self storage investment, Braedon Haertling has added another 9-5-sized income stream and increased value by close to $1,000,000, all while working a full-time job. He had no experience, but a lot of drive, and didn’t do anything you can’t.
Braedon tried the rental property route, but scaling to 100+ doors didn’t seem like the best bet. Why buy 100 rentals when investing in storage units can get you to 100 doors with just one purchase? Thankfully, Braedon knew of someone who may be too busy to run their storage facility anymore. He gave them a call, scored a $0-down self storage facility, and the rest is history.
Got a 9-5? You can invest in self storage. Got kids and a family to take care of? You can invest in self storage. Think you need to know everything before getting your first facility? You couldn’t be more wrong. Thanks to simply taking action, Braedon now has a six-figure-producing self storage investment, $500,000+ in equity, and is hungry for his next deal!
What you’ll learn in today’s show:
- How to use the “seller carry” strategy to buy a self storage facility for $0 down
- Creating massive value ($1,000,000!) with simple improvements to your storage facility
- Is your town too small for self storage? How Braedon gets 90%+ occupancy in a 3,200-person town
- One big mistake Braedon made, but later turned it into a substantial payday
Why you should NOT quit your job to invest in self storage (unless…)
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Grab AJ’s Book, _Growing Wealth in Self-Storage 2.0_: https://www.selfstorageincome.com/book Braedon’s Instagram: https://www.instagram.com/thestoragemat/
Braedon’s TikTok: https://www.tiktok.com/@thestoragemat
🌳 Work with someone experienced in self storage loans at Live Oak Bank! https://www.liveoakbank.com/business-loans/self-storage/
📑 Our Self-Storage Feasibility Studies will help you speed up the process in understanding markets, potential risks, and analyzing the facility itself. https://cedar.cc/feasibility-studies/