Why Most Storage Investors Wait For Deals That Never Come
Most new storage investors do the same thing. They sign up for LoopNet alerts, refresh Crexi a few times a week, and wait for something to pop up that pencils. Then they wonder why six months go by without making a single offer. The deals on those sites are picked over, overpriced, or already under contract by the time you see them. The better way is to flip the whole approach. Instead of waiting for deals, you go find them before they ever hit the market. I've bought several of my 8 facilities through off-market channels, and the system isn't complicated. It's direct mail to owners in your target markets, cold calls using a real script, driving for dollars in towns within 90 minutes of you, and scraping Google for thousands of facility leads for around $50 on Fiverr. Run all four channels at once and deal flow stops being a problem. The other half of this is brokers. Most people email a broker once, get ignored, and give up. The investors actually closing deals build real relationships so they get the first call before a listing ever goes live. I broke down exactly how I do this here: https://youtu.be/pdQMvZhvSJA — worth 15 minutes if you want brokers bringing you deals instead of the other way around. If you want the full Phase 1 sourcing framework, it's all laid out in the Blueprint: https://drive.google.com/file/d/1wkUwltCW9wk7LbsoddYwTfTFn5UgMg2x/view?usp=sharing Which channel are you going to commit to this week — mail, calls, driving, scraping, or brokers? Dave "First Call, Not Last Look" DeMink