How to Buy a Self-Storage Facility With 10% Down | Ep 60

In this episode, Tim sits down with Kevin Rapport to talk about self-storage acquisition, why self-storage operates like a business and not just a pure real estate play, and how investors can evaluate the opportunity if they want to buy into the space. Tim is an entrepreneur who believes everyone should explore the opportunities that business and real estate can provide on the path to financial freedom. He owns and operates a wine & liquor store, a software startup, a consulting company, and a growing portfolio of commercial and residential real estate. Tim's passion for independent business has led him to support dozens of other business owners. For over a decade, he has worked with businesses on strategy, processes, finances, and marketing. These experiences, along with analyzing dozens of other businesses for potential acquisition, have provided Tim with an immense knowledge base to pull from. Tim has appeared on multiple top-tier podcasts in the financial space, such as Bigger Pockets Money and The Freedom Chasers Podcast. [00:00 – 00:32] The Math Didn't Math [00:32 – 06:03] Kevin's Path from Residential to Self-Storage [06:03 – 09:01] Why Self-Storage Beat Tenant Problems [09:01 – 13:57] Coaching, Confidence, and Taking the First Jump [13:57 – 18:20] Trading a Sixplex for a Storage Facility [18:20 – 23:25] Finding the Deal and Making the Offer [23:25 – 30:00] Due Diligence and Boots on the Ground [30:00 – 42:55] Remote Operations, CapEx, and Financing Options [42:55 – 55:29] Buy Box, Hard Money, Coaching, and Going All In Guest Bio Kevin Rapport is a self-storage investor, hard money lender, and coach for investors looking to get into self-storage. He started investing in residential real estate in 2009 while attending the University of Arizona, buying houses near campus and renting them to college students. After building experience in residential rentals, small multifamily, construction, property management, and lending, Kevin transitioned into industrial and self-storage. Today, he invests in and operates self-storage facilities across multiple states, focuses on mom-and-pop facilities in tertiary markets, and helps other investors understand how to find, evaluate, finance, close, and operate self-storage deals. Connect with Kevin: X: @storage_venture Email: kevin@juneoneholdings.com Websites: www.myfoundingcapital.com / www.storageventure.com Connect with Tim and the community on social media for more tips and updates: Website: https://www.powerofbiz.com YouTube: https://www.youtube.com/@powerofbiz Instagram: https://www.instagram.com/timtdelaney/ Threads: https://www.threads.com/@timtdelaney LinkedIn: https://www.linkedin.com/in/timothytdelaney/ Facebook: https://www.facebook.com/timtdelaney Tweetable Quotes "So the math—the math didn't math, right?" — Kevin Rapport "If you never make the offer, you're never going to buy the thing, right?" — Kevin Rapport "Most people build wealth becoming an expert in 1 or 2 things. They don't build wealth by becoming good at 15 things." — Kevin Rapport