Monday, June 1, 2020
Self Storage Q15 Market For Self Storage
A common question I get from investors is, what market should I be looking for self storage in? And that's an interesting question. It really depends on what your goals as an investor are and what your timelines are. So for example, our investment criteria is we like to stay right below the reets. We don't really want to compete with those reet players. We're usually looking at secondary and tertiary markets or the excerpts and the outskirts of primary markets where we can still get a ton of value without paying a super high price points. For us, we really like the Midwest. We really like low property tax States outside of the Midwest. We typically avoid areas that are prone to be hit by natural disasters, so no coastlines in Florida, you know, nothing on fault lines, but it's really just, it comes down to your personal preference.
One of the things I always recommend people do is if you're going to be an active investor in a self storage facility and you're going to be doing the management yourself, I recommend that with your first facility you do something that's within driving distance of you. Something you can get to within two to three hours of driving. You don't have to jump on a plane just in case. If something, you know, needs your attention, immediately, you'll be able to zip down there, you know, handle it and then go back home. Once you've gotten past that first investment that's in your local market, or if you're investing in other people's deals, then you're going to be looking for areas where the property is very tax efficient. The returns are solid. There's not a lot of liability. The market isn't saturated. Types of kind of controls that you want to put on any investment.
My name's Fernando Angelucci. If you'd like to learn how to invest in self storage, feel free to drop me a line. You can reach me at www.TheStorageStud.com
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Fernando O. Angelucci is Founder and President of Titan Wealth Group. He also leads the firm’s finance and acquisitions departments. Fernando Angelucci and Steven Wear founded Titan Wealth Group in 2015, and under his leadership, the firm’s revenue has grown over 100% year over year. Today,
Find out more at
https://www.TheStorageStud.com
http://titanwealthgroup.com/
Titan Wealth Group operates nationwide sourcing off market investment properties for Titan Wealth Group’s acquisition as well as servicing a network of thousands of active real estate investors world wide. Prior to founding Titan Wealth Group, Fernando worked for Dow Chemical, a Fortune 50 company, rolling out a flagship product estimated to gross $1B in global revenues.
With an engineering background, Fernando is able to approach real estate investing with a keen analytical mindset that allows Titan Wealth Group to identify opportunities and project accurate pictures of future performance.
Fernando graduated from the University of Illinois at Urbana-Champaign with a B.A. degree in Technical Systems Management.
Titan Wealth Group was founded in 2015 with the vision of gathering individual investors that have the means to invest but lack either the time to find high-yield investment opportunities or the access to these off-market deals. All too often, founders Fernando Angelucci & Steven Wear came across investors who had deployed their capital only to regret the lack of consistency or degree of returns their investments were producing. In response, Titan Wealth Group provides access to highly-vetted real estate secured investments and off-market acquisition opportunities primarily in the Greater Chicago MSA. Today, Titan Wealth Group not only assists individual investors but has grown to support the acquisition goals and capital deployment of investment groups, private equity firms, and real estate investment trusts (REITs).
As a facilitator of wealth growth, Titan Wealth Group believes that success is not limited to the sum of our efforts and is infinite with what can be accomplished through partnership.
#SelfStorage #RealEstateInvesting #AlternativeFunds
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