Self Storage Investment – Should Investors Make Self Storage Investments?
www.REIClub.com - Investing in Self Storage an be a Good Investment. Here's a Quick Video on the Benefits and Risks of Self Storage Investments... Hi, this is Frank Chen with REIClub.com, the only site you need as a real estate investor. Today I've got quick video on risks and benefits of investing in Self Storage. Define Why Self-Storage? Self storage facilities share the same attractive qualities as other similar commercial real estate investing niches. Such as residential rentals, apartments, retail strip centers, office buildings, and industrial properties. But Here's The Difference:: - Self Storage Operating Costs are much lower - Self Storage Investments loan default rates are significantly lower - banks like this - Many ways to Profit - locks, boxes, & moving supplies, truck rentals - Lien laws for Self Storage vs. Eviction Laws For Residential - change locks and sell contents - Virtually Recession Proof - economy good = people buying new things, storing old things. - economy bad = people downsize - need place to store excess - No Tenants, No Water Benefits: - Being your own boss - Significantly lower maintenance and operating costs - High cash flow - Same income, lower expenses = more profit - the $ per sq. ft. is the same as other types of real estate investments - Self Storage Deals are more appealing to Banks - funding is easier - Tax advantages - Cost segregation - IRS changed the regulations to - Increase Occupancy = appreciation, better market value Risk ...
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Great information Frank. Thank you.
Cost segregation has been a well hidden tool commercial property owners (including self storage) are not taking full advantage of to decrease income tax liability. We would be happy to provide a free projection to your subscribers so they could discuss the numbers with their tax preparer. In general, tax savings can range 6%-12% of the purchase price of the property.
Brandon -
Frank: High quality content here. Thank you for posting your info and focusing on creating rich videos and raising the bar! David Meek
Great video!
John McQuilkin - Hollywood Happens
The Unofficial Spokesperson of Hollywood
Frank mentions Cost Segregation which is an IRS-approved method to increase your deductions for depreciation which reduces your taxes. This will reduce your taxes by approx. $35,000 for every $500 K you have in building costs (or purchase price). We can do a free analysis so you will see the financial benefit in your situation. Let me know if you have questions-
Well done.