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Buy a Self-Storage Facility with Your Friends in 6 Months
In this episode, we embark on a thrilling journey to explore how you and your friends can come together to purchase a self-storage facility in just six months. By leveraging collective resources, strategic planning, and effective execution, you'll discover a step-by-step guide to making this ambitious venture a reality.
Key Points:
Pooling Resources: Learn how you can rally your friends and create an LLC by contributing $500 per month, creating a strong financial foundation to start your self-storage facility acquisition.
Market Research: Explore the importance of thorough research and how platforms like AtoZDatabases can provide valuable lists of self-storage facilities, helping you identify potential investment opportunities.
Cold Email Campaign: Dive into the world of automated cold email campaigns to reach out to self-storage owners. Discover the power of leveraging technology to make initial contact and express your interest.
Virtual Assistants (VAs): Uncover the secrets of hiring VAs to handle cold calls on your behalf, maximizing efficiency and ensuring you reach a broader range of self-storage facility owners.
Business Credit Funding: Learn how to establish and grow your business credit to secure the necessary down payment for your self-storage facility purchase. Explore strategies for building strong credit profiles.
Seller Financing: Understand the art of negotiation as you explore the possibility of seller financing with self-storage facility owners. Discover ways to structure deals that benefit both parties.
Legal Support: Recognize the importance of having a lawyer draw up contracts to ensure all aspects of the transaction are legally sound, providing peace of mind during the acquisition process.
Continued Growth: Once you've successfully closed the deal on your first self-storage facility, consider how to sustain and scale your venture, setting the stage for future acquisitions.
Podcast Discussion:
Finding Virtual Assistants: Discover various platforms and resources for hiring VAs to support your outreach efforts.
Business Credit Strategies: Explore techniques and best practices for building and leveraging business credit effectively.
Negotiating Seller Financing: Learn tips and strategies for negotiating favorable terms with self-storage facility owners who may be open to seller financing.
This podcast episode provides you with a clear roadmap for teaming up with friends to purchase a self-storage facility within six months. From funding and market research to outreach and negotiation, you'll gain the knowledge and insights needed to embark on this exciting entrepreneurial journey. Join us as we uncover the steps to make your self-storage investment dreams a reality.
Join The New 1% soft launch team at workwithtimmydouglas.com
This is for the people looking to buy a business at some point, but not in the next 12-24 months.
The impact here is in spreading the word until you can commit to doing the work
Get a FREE Community Investing Course that will set you up to reap the rewards without doing the work by leveraging people and technology.
If you’re looking to buy a business in the next 12 months, DM me @timdouglas924 on IG and join the hard core launch team, limited to 100 people! We only take 5 per month… so hurry and DM to join the waitlist Here you’ll get the following for FREE
access to a list of Private money partners for buying businesses that I’m building
a due diligence checklist
a community of people committed to buying businesses
essential contacts in major cities for due diligence
FREE Courses on how I would do my proprietary search and build my private money partner list.
View all episodes
By Timothy Douglas
5
2828 ratings
In this episode, we embark on a thrilling journey to explore how you and your friends can come together to purchase a self-storage facility in just six months. By leveraging collective resources, strategic planning, and effective execution, you'll discover a step-by-step guide to making this ambitious venture a reality.
Key Points:
Pooling Resources: Learn how you can rally your friends and create an LLC by contributing $500 per month, creating a strong financial foundation to start your self-storage facility acquisition.
Market Research: Explore the importance of thorough research and how platforms like AtoZDatabases can provide valuable lists of self-storage facilities, helping you identify potential investment opportunities.
Cold Email Campaign: Dive into the world of automated cold email campaigns to reach out to self-storage owners. Discover the power of leveraging technology to make initial contact and express your interest.
Virtual Assistants (VAs): Uncover the secrets of hiring VAs to handle cold calls on your behalf, maximizing efficiency and ensuring you reach a broader range of self-storage facility owners.
Business Credit Funding: Learn how to establish and grow your business credit to secure the necessary down payment for your self-storage facility purchase. Explore strategies for building strong credit profiles.
Seller Financing: Understand the art of negotiation as you explore the possibility of seller financing with self-storage facility owners. Discover ways to structure deals that benefit both parties.
Legal Support: Recognize the importance of having a lawyer draw up contracts to ensure all aspects of the transaction are legally sound, providing peace of mind during the acquisition process.
Continued Growth: Once you've successfully closed the deal on your first self-storage facility, consider how to sustain and scale your venture, setting the stage for future acquisitions.
Podcast Discussion:
Finding Virtual Assistants: Discover various platforms and resources for hiring VAs to support your outreach efforts.
Business Credit Strategies: Explore techniques and best practices for building and leveraging business credit effectively.
Negotiating Seller Financing: Learn tips and strategies for negotiating favorable terms with self-storage facility owners who may be open to seller financing.
This podcast episode provides you with a clear roadmap for teaming up with friends to purchase a self-storage facility within six months. From funding and market research to outreach and negotiation, you'll gain the knowledge and insights needed to embark on this exciting entrepreneurial journey. Join us as we uncover the steps to make your self-storage investment dreams a reality.
Join The New 1% soft launch team at workwithtimmydouglas.com
This is for the people looking to buy a business at some point, but not in the next 12-24 months.
The impact here is in spreading the word until you can commit to doing the work
Get a FREE Community Investing Course that will set you up to reap the rewards without doing the work by leveraging people and technology.
If you’re looking to buy a business in the next 12 months, DM me @timdouglas924 on IG and join the hard core launch team, limited to 100 people! We only take 5 per month… so hurry and DM to join the waitlist Here you’ll get the following for FREE
access to a list of Private money partners for buying businesses that I’m building
a due diligence checklist
a community of people committed to buying businesses
essential contacts in major cities for due diligence
FREE Courses on how I would do my proprietary search and build my private money partner list.