No Money Down
Working with a young gentleman in Zagreb, Croatia who was seeking advice to get into the Storage business. I was mowing the next day and thinking about a business I have in Belize (higher interest rates) and also the fact this person probably didn’t have much capital. The amount of capital you have determines the paths you can take. Croatia has a very low-interest rate now around prime 3%, but it has been up to 3000% before, probably due to the war. If interest rates ever got above 9 or 10% I would never build. Might buy but never build. If his interest rate jumps high, he would go bust. Below is a Non-Traditional Storage approach for a no (little) money down scenario.
What Size is Best For Buying Storage Units?
Thirty-foot building is the best. You can move the walls based on your actual size mix.
If you’re in the City and zoning requires concrete frost-free footings and hard surface roads I would do the 30’s but if you have a second run of buildings do 40’s. Your footing cost is almost the same for each width. Also, you have more concrete that is renting with a 40, relative to the amount of hard surface road.
Storage Financing For Prospective And Current Owners
Just finishing our financing on our latest location. Below are some thoughts in general on Storage financing for prospective and current owners who are looking to invest.
Storage Units Market Demand “Will they come?”
I’ll give you the tool I use, but you will have to make an investment of your own time. Otherwise you don’t own the data. Below you will find information on Storage Units Market Demand in Omaha, NE, Council Bluffs, IA, and the surrounding areas.