Complete Financial Walkthrough of My Self Storage Project

Описание: See the Full Documentary:    • Self Storage Development  
Self Storage Investing Knowledge Base: https://retipster.com/category/self-s...
From Ground Zero to Self Storage Hero: https://retipster.com/self-storage-jo...
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0:00 - Intro
0:47 - Countless Lessons Learned
1:23 - How it started
2:49 - Site selection
5:06 - Getting Entitlements
5:44 - The benefit of buying land for cash
6:52 - Startup Financing
7:25 - Hiring Consultants
9:29 - Property Location and Characteristics
11:29 - Construction Cost Estimates
12:33 - Feasibility Study
13:26 - Understanding the Competition
15:05 - Unit Mix and Pricing
15:47 - Financial Projections
16:26 - Staying Conservative in a Changing Market
18:21 - Finding Bank Financing
19:16 - Bank Term Sheet
20:56 - Final Construction Costs & Appraisal
22:55 - My Calculations and Financial Analysis
25:00 - Why the Expenses Changed
27:16 - ROI Decision-Making Criteria
29:24 - Potential Liquidation Values
30:15 - Permit Approved Construction Drawings
32:54 - Going Big for Economies of Scale
34:13 - The Cost of Land Matters
34:45 - Would I Do It All Again?
35:35 - Know Your Market!

In this video, I'll give you a comprehensive financial walkthrough of my new self-storage facility. After a year of operation, I'm providing detailed insights into the costs, earnings, and lessons learned from this project. If you've been curious about the financials behind building a self-storage business, this video covers everything you need to know.

The initial land purchase and zoning challenges
Construction costs and unexpected expenses
Financing options and securing a bank loan
Feasibility studies and market analysis
The profitability of the self storage facility one year in

Whether you're an experienced real estate investor or just starting out, this video offers valuable information on the financial aspects of developing a self storage facility. Don't forget to check out the links below for additional resources and the full construction process playlist!

🔗 Construction Process Playlist:    • Self Storage Development  
🔗 Blog Post on Zoning and Entitlements: https://retipster.com/terms/land-enti...
🔗 Land Unlocked: My 2-Year Journey of Building a Self-Storage Facility:    • How I Built a $2M Storage Facility w/ No E...  

If you have any questions or need further clarification, leave a comment below, and Seth will try to respond. Your feedback and questions might even inspire a future video!

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#SelfStorage #RealEstateInvesting #FinancialBreakdown #REtipster #SelfStorageBusiness