Oct 15 2024 49 mins 10
Today’s guest bought four self storage facilities in two years after disaster struck his family. Imagine you just lost everything. Your house is gone, your job is over, and you’re in a new city. You’re trying to rebuild your life but starting back from zero. Most people would settle into defeat, asking, “What’s the point?” as they struggle to cope with what just happened to them. Charles Lindner isn’t like most people.
After a fire took away his house, memories, possessions, and sense of security, Charles searched for something he could feel passionate about. Rental properties seemed enticing, but during the lockdowns, with rents rarely being paid, he knew single-family homes weren’t for him. After his soon-to-be business partner commented on how much self storage facilities seemed to be making, he did some digging, found this podcast (seriously!), and now has four facilities in just two years.
Okay, but how does someone with zero experience build a self storage empire in the time it takes most beginners to get their first deal? Today, Charles shares his secret to finding the best value-add facilities, how he gets 0% interest seller financing deals, and the one thing you MUST do if you want to get a facility under contract.
What you’ll learn in today’s show:
- How to build your self storage investment portfolio from SCRATCH (with zero experience)
- The mismanaged self storage facilities you should look for when searching for deals
- Seller financing and how to score a 0% interest rate on your next facility
- Why you always (ALWAYS) should visit the property BEFORE you make an offer
- What to do when you don’t have any more money to invest (and can’t get a bank loan!)
- The perspective shift that follows a traumatizing event that breeds success
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Follow Charles on Instagram - https://www.instagram.com/deallock71/
📌 Make self storage management easier than EVER with our podcast sponsor Tenant Inc. - https://www.tenantinc.com/
🌳 Work with someone experienced in self storage loans at Live Oak Bank! https://www.liveoakbank.com/business-loans/self-storage/
🎙️ 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=TGU88eU0bFTFW1iHcckuTA&d=1203571084143207
📖 Get AJ's new book that teaches you everything he knows about self-storage https://a.co/d/aRSKcSq
