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  1. amcg88

    My Self-Storage Investment Journey - Follow Along!

    INVESTING EXECUTION REAL ESTATE 
    Thanks for dropping by and sharing your thoughts! All the best.
  2. amcg88

    My Self-Storage Investment Journey - Follow Along!

    INVESTING EXECUTION REAL ESTATE 
    I'm close to making an offer on the one property (two facilities). The land bank owned property situation is odd, I spoke with the company that is supposedly running it and they said they're not running it and that there's a $15M EPA lien on the property. I think he was lying to me about part of...
  3. amcg88

    My Self-Storage Investment Journey - Follow Along!

    INVESTING EXECUTION REAL ESTATE 
    The numbers work more or less for the one deal though not under the SBA 7a program as interest rates are too high that bankers gave me this week. I am interested in both their facilities but I need more information on the second one (brand new facility) before making a combined offer. I am being...
  4. amcg88

    My Self-Storage Investment Journey - Follow Along!

    INVESTING EXECUTION REAL ESTATE 
    I am still receiving regular responses from my direct mail campaigns. I made two offers this week. One was not well received at all, and for the other, the owner is thinking about what a good price would be (my initial offer was a bit low for him). I have two good prospects including the latter...
  5. amcg88

    My Self-Storage Investment Journey - Follow Along!

    INVESTING EXECUTION REAL ESTATE 
    Right now I have five deals from my direct mail campaigns that I am researching. I have been receiving a lot more inquiries which correlates with my increased weekly mail volume, though I expect it to taper off since I finished the 5000 mailers. As expected, most callers/emailers are trolls...
  6. amcg88

    My Self-Storage Investment Journey - Follow Along!

    INVESTING EXECUTION REAL ESTATE 
    Yeah, I have been mailing those facilities recently, need to double back though and mail the other states
  7. amcg88

    My Self-Storage Investment Journey - Follow Along!

    INVESTING EXECUTION REAL ESTATE 
    I finished my 5000 mailers. I think that will be enough to determine if the direct mail strategy works. I'm glad to be done with that because of how much time it was sucking up. I regularly receive responses from owners, though many are tire kickers or the facilities are too small. I moved onto...
  8. amcg88

    My Self-Storage Investment Journey - Follow Along!

    INVESTING EXECUTION REAL ESTATE 
    Sorry for not being responsive to the thread lately. Yes, there are definitely other things I can do to get a deal. The reason I've said it's competitive is from talking with facility owners and other investors in the industry. For example, at the conference I attended I asked one experienced...
  9. amcg88

    My Self-Storage Investment Journey - Follow Along!

    INVESTING EXECUTION REAL ESTATE 
    I have been grinding away, pulling facility information. I am almost to my target of 5000 letters mailed. I will reach it in a few weeks. After that point, if I am unable to procure a deal, then I will likely put this project on pause for now. A couple negative factors right now, 1) lots of...
  10. amcg88

    My Self-Storage Investment Journey - Follow Along!

    INVESTING EXECUTION REAL ESTATE 
    I am continuing to pull different states' facility owner information based on my state re-prioritization I had further conversations this week with a bunch of folks I met at the conference We backed away again from the one deal. Seller still wants too much. More lukewarm follow up calls.
  11. amcg88

    My Self-Storage Investment Journey - Follow Along!

    INVESTING EXECUTION REAL ESTATE 
    I met a number of different people at the conference last week. I spoke with all the lenders and brokers at the trade show. I re-prioritized the state list to those with smaller, presumably less competitive markets I have continued with pulling state data for direct mail campaigns and have kept...
  12. amcg88

    My Self-Storage Investment Journey - Follow Along!

    INVESTING EXECUTION REAL ESTATE 
    I pulled KY facility information. I follow up called four owners from campaign 3. I spoke with one person who is not interested. I called a wholesaler to introduce myself. I spoke with a lender about the prior deal I was working on which my business partner still has in purgatory. I clarified...
  13. amcg88

    My Self-Storage Investment Journey - Follow Along!

    INVESTING EXECUTION REAL ESTATE 
    I pulled KY facility information. I follow up called one owner from campaign 3. I booked accommodations for next week's conference
  14. amcg88

    My Self-Storage Investment Journey - Follow Along!

    INVESTING EXECUTION REAL ESTATE 
    I pulled KY facility information. I follow up called four owners from campaign 3 (I called one yesterday). I spoke with one owner who was not interested in selling. I ordered business cards to hand out to people at the conference next week. I need to book my flight, hotel, & conference...
  15. amcg88

    My Self-Storage Investment Journey - Follow Along!

    INVESTING EXECUTION REAL ESTATE 
    I pulled KY facility information. I ordered an 87 count KY mailer on Saturday I follow up called three owners from campaign 3. I spoke with an owner who was not interested in selling.
  16. amcg88

    My Self-Storage Investment Journey - Follow Along!

    INVESTING EXECUTION REAL ESTATE 
    I pulled KY facility information. I follow up called four owners from campaign 3. I spoke with one owner who was not interested in selling. I called another broker and introduced myself to him.
  17. amcg88

    My Self-Storage Investment Journey - Follow Along!

    INVESTING EXECUTION REAL ESTATE 
    I pulled KY facility information. I follow up called five owners from campaign 3. I was unable to speak with anyone. I called a broker and briefly chatted with him about my investment criteria and any potential deals.
  18. amcg88

    My Self-Storage Investment Journey - Follow Along!

    INVESTING EXECUTION REAL ESTATE 
    I pulled KY facility information This morning I discussed the deal from 2 days ago with the one business partner. He doesn't like it. I am leaning more to no also, but need to think more about it. He is still working on lenders for the prior deal. We'll see what happens with that. I decided to...
  19. amcg88

    My Self-Storage Investment Journey - Follow Along!

    INVESTING EXECUTION REAL ESTATE 
    I pulled more KY facility information today I followed up with two owners from campaign 3 today. I did supply & demand and pricing research on the deal from yesterday.
  20. amcg88

    My Self-Storage Investment Journey - Follow Along!

    INVESTING EXECUTION REAL ESTATE 
    I ordered a 165 count mailer over the weekend I pulled more KY facility information today I followed up with seven owners from campaign 3 today. I spoke with one owner who was interested in selling (they are rare but they do exist) and gave me some facility information. The deal looks okay so...
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