It’s easy to get caught up in the world of residential real estate investing. Maybe buy a single-family buy-and-hold deal, or try and flip a house, or why not BRRRR? But, residential real estate comes with many challenges: complicated evictions, clogged toilets, a noisy tenant in your upstairs unit, and many, many more. But, there is an asset class you can invest in without toilets, tenants, or trash problems.
Paul Moore, author, capital raiser, and real estate educator joins us to talk about his newest obsession: self storage investing. Why self storage? Maybe it’s because nobody is living in the property, or that many existing facilities have HUGE value-add potential, or maybe it’s the tax savings, or the ability to increase equity by hundreds of thousands, if not millions, seemingly overnight.
There are so many reasons why self storage investing could be one of the greatest yet rarely spoken of assets in the world of real estate investing. Wondering how you can get started in this high-profit, low-maintenance investing world? Grab Paul’s new book, Storing Up Profits!
David Greene:
This is the BiggerPockets Podcast show 533, where we talk about self-storage strategies, super charging NOI and saving taxes with BiggerPockets, author Paul Moore.
Paul Moore:
This is very powerful and the point is in all of commercial real estate, you have an asset, and if you can find a way to significantly increase the income by extracting that extra value, you can get great return.
David Greene:
What’s going on everybody? This is David Greene, your host of the BiggerPockets Podcast, where we teach you how to build wealth through real estate. We dive in to the tactics and mindset of our guests who have been successful in specific niches of real estate and break down their strategies, so you can follow them and have the same results, as long as you take the same consistent action. Today, I am going to be speaking with BiggerPockets new author, Paul Moore, who wrote the book…