Buying vs. Building Storage Units: Pros and Cons, Costs, & Timeline

Get my FREE self storage starter pack to learn how to analyze, underwrite, and operate your next storage investment: https://www.selfstorageincome.com/you... Buying vs. building storage units: which is the better choice, especially for beginners? Is buying a pre-fab (kit) facility better than building one from scratch? Or does buying a run-down self storage facility with value-add potential outperform building due to lower costs? We brought back an all-time favorite episode with investor Matt Wallace to get you some answers. Matt has done both—buying and building storage units. He’s taken run-down facilities and made them top performers, as well as taking a plot of land and turning it into a 100% occupied self storage facility. Which one does HE think is the better investment? And would he advise a beginner to start with self storage new builds? In this episode, Matt gives a masterclass on the pros and cons of building storage units, who should (and shouldn’t) be doing it, what you MUST know before you start building, and how he “makes” phenomenal self storage deals that most other investors miss. _______ Connect with Matt: https://wealthfit.com/expert/matt-wal... _______ 🎙️ Do you have a great story to share on the SSI or AJ Osborne podcasts? You can now apply here! https://form.asana.com/?k=TGU88eU0bFT... 📖 Get AJ's new book that teaches you everything he knows about self-storage https://a.co/d/aRSKcSq Chapters 00:00 Intro 05:53 0 to 100% Occupancy! 07:48 Buy or Build Self Storage? 15:03 Beware of THIS 19:47 It WILL Cost You More 24:09 Renovating Existing Facilities 27:09 What Makes a "Good" Deal? 33:52 "Make" the Deal Work! 50:19 Fully-Automated Facilities