BiggerPockets Real Estate Podcast - Self Storage Investing for Beginners with Paul Moore

Self storage investing could be the most slept-on opportunity in the real estate investing world. While residential real estate comes with many challenges like complicated evictions, clogged toilets, and a noisy tenant in your upstairs unit, self storage is without these headaches. 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”! ~~~~ Join BiggerPockets for FREE: https://www.biggerpockets.com/signup ~~~~ Grab Paul’s New Book “Storing Up Profits” 👇 https://www.biggerpockets.com/storage ~~~~ Past Shows Mentioned in Today’s Episode: Paul Moore: https://www.biggerpockets.com/blog/biggerpockets-podcast-285-3-reasons-multifamily-rentals-might-be-the-perfect-investment-with-paul-moore AJ Osborne: https://www.biggerpockets.com/blog/biggerpockets-podcast-286-13m-in-equity-from-one-deal-and-cash-flowing-despite-being-comatose-with-aj-osborne ~~~~ Get Access to Paul’s Free Resources on Self Storage Investing: https://www.wellingscapital.com/resources ~~~~ Follow David on Instagram: @davidgreene24 or https://www.instagram.com/davidgreene24/ Episode 553 Show notes at: https://www.biggerpockets.com/show533 0:00 Intro 2:16 Simple Math & BIG Opportunity in Commercial 8:06 How to Exit Rich from Real Estate 10:00 Why Self-Storage? 12:57 4 Strategies to Build a Self-Storage Empire 22:30 The 7 Paths to Self-Storage 26:04 When to Ask for a Finder's Fee/Commission 44:52 The True Power of a Dollar 48:27 Massive Tax Savings with Storage 1:00:31 Find Your "Why" Behind Investing