We are under contract on a facility and I want to make sure I share this project journey with you so you can see the exact steps we take during the DD process. Teaching from theory is one thing. Walking you through an actual deal in real time is a whole different ball game. This is a good one as I've underwritten a lot of deals and have never come across something quite like this! This facility has 110 units. 35 of those units are past due for a total amount due of over $100k! Some made their last payment as far back as April 2018.. Another 19 units are being used by the owner and family for FREE! Current street rates are about 40% below market. No internet on site.. No Website.. No software.. No one answering the phones.. No P&L.. No management reports.. No tax returns... Just a spreadsheet rent roll and a handful of bank statements. Currently collecting about $2,500 per month. We should get that up over $10k per month within 3 years conservatively. Current 3 mile market supply = 17 square feet per capita. Average HH income = $66k 3 Mile Population = 29k people Under contract for $29 per square foot! Drop your questions or comments below! 👇

1. Michael Mason 1. Louisiana and Florida Panhandle 3. Your #1 Goal for 2026:Be specific.Examples: - Buy my first storage facility 4. What “Freedom” Means to You: Being able to cover my monthly expenses from storage. 5. Something Interesting About You: Traveling, Flying, Traveling, Diving and Investing

Hiya! I’m Jen, I’m from Salt Lake City, UT. I’m going all in on storage. I trust my wings 🪽 I’m here to learn, collaborate and create allies. I’m still learning what freedom means to me, I want a ranch with a couple horses and goats. Love to travel and just started pottery.