Decoding Cashflow

EP.134: Converting Retail Space to Money Making Self Storage Facilities with Eric Hemingway


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Erik, Hemingway is a founder of Nomad Capital and has nearly 22 years of experience in all aspects of the construction and self-storage industry. He has been a part of over $100 million dollars of commercial real estate transactions and $60 million in residential
real estate since 2006.

He built his first self-storage facility from the ground up in 2006 and has since built a personal portfolio of 4 self-storage facilities using the value-add strategy. In this episode Eric shares strategies to reposition assets into money making self-storage facilities.

DISCLAIMER: We are not giving any financial advice.

(00:00 - 01:39) Introduction
- Eric is introduced as the guest Hosts

(01:39 - 06:18) Eric's Professional Journey
- Eric shares his professional journey

(06:18 - 36:03) Converting Retail Space to Money Making Self Storage Facilities
- Eric shares about his travel around the world
- Shares his first deal
- Eric how did he found his first conversion
- What he keep in mind when he look for a new self storage for conversion
- He also share about value adds
- Shares also his equity and debt structures
- How much is his bank loan in buying property
- shares about the normal split between investors and the general partners

(36:03 - 44:36) Final Round
- Eric shares his best business or investment advise
- Eric's best book that he recommend that made an impact to his business and life
- How Eric give's back
- His main source to learn and grow

(44:36 - 46:06) Closing Segment
- If you want to learn more about the podcast, just check out the link below.

Youtube: https://www.youtube.com/channel/UC8ttrbgIlgn0MC_4u2ZWWnQ
LinkedIn: https://www.linkedin.com/company/80036754/admin/feed/posts/
Facebook: https://www.facebook.com/AstreCapital/
Twitter:  https://twitter.com/AstreCapital
IG:  https://www.instagram.com/astrecapital/

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Decoding CashflowBy Ted