How We Turned ONE Self Storage Deal Into TWO (with the Same Cash)

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There’s a strategy that smart investors use to take down multiple self storage deals in a relatively short amount of time, all while “recycling” the cash they initially put into that first deal. Tony McNickle and Dennis Pham used this exact blueprint to buy their first two deals, and it won’t be long before they’ll have built an entire portfolio of cash-flowing self storage facilities.

After connecting through our Inner Circle Community just a few years ago, Tony and Dennis formed a partnership, combined their capital, and melded their expertise in small business and commercial real estate. It was the perfect pairing, as within a few months, they already had their first deal under contract—a 20,000-square-foot, mom-and-pop facility they were able to improve and stabilize before pulling 150% of their cash back out.
Then, with confidence and capital from that first deal, Tony and Dennis took down a much larger, 71,000-square-foot property and plan to repeat the process all over again. In this episode, they walk through both of these deals, discuss the many advantages of partnerships, and share the hybrid management model they’re using to streamline self storage operations while maintaining a personal touch.

👥 Connect with Tony & Dennis at DXT Partners: https://www.dxtpartners.com/

🏘️ Join the Self Storage Income Community: https://www.selfstorageincome.com/inn...

🌳 Work with someone experienced in self storage loans at Live Oak Bank!
https://www.liveoakbank.com/business-...

📖 Get AJ's book that teaches you everything he knows about self-storage https://a.co/d/aRSKcSq

📉 Take advantage of today’s market conditions and invest with us:
https://cedar.cc/invest
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Chapters:
00:00 Intro
02:47 Investing (Faster!) with Partnerships
08:54 Finding the First Facility
16:31 “Recycling” Their Cash
30:37 Buying Their Second Deal
42:39 High-ROI Facility Upgrades
52:02 “Little” Lessons Learned
1:03:25 Join the Inner Circle!
1:06:42 Connect with Tony & Dennis!

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