13 Sep Building Wealth Through Self Storage Investing
Fernando Angelucci has over $50 MM in self-storage properties. He explains why he prefers self-storage over other REI strategies, reveals how his self-storage investments performed during the recession and Covid, and how you can build wealth using this commercial real estate strategy.
Video replay of my interview with Fernando Angelucci about Building Wealth Through Self Storage Investing:
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More about Fernando Angelucci and Building Wealth Through Self Storage Investing:
Mr. Angelucci is involved with all aspects of the business, including overall investment strategy, investor relations, sourcing new acquisitions, asset analysis, asset management, and dispositions. Mr. Angelucci’s experience spans over $40,000,000 in residential and commercial real estate transactions through various positions with Impact Storage, LLC, a self-storage acquisition and management company; Titan Wealth Management, Inc., an opportunistic real estate development and investment company; Hyperion Partner Holdings, LLC, a residential and commercial rental holdings company; and Wintrust Mortgage, a residential and commercial lender. Mr. Angelucci earned a Bachelor of Science in Technical Systems Management from the University of Illinois at Urbana –Champaign.
A real estate professional with extensive experience in building businesses, acquisitions, and underwriting large, complex commercial real estate equity and debt transactions spanning various markets. Asset class experience includes residential, multi-family, vacation rentals, and self-storage. An intrinsically motivated visionary with a heavy emphasis on long-term relationships.
More about Fernando Angelucci: https://www.titanwealthgroup.com
Takeaways from Building Wealth Through Self Storage Investing:
1. Storage can both cash flow and be wholesaled.
2. Storage is in demand and projects to be in demand for the next 30 years.
3. All the laws are set up in your favor as the landlord/owner of a storage facility.
4. Save your money on NoKey locks; they’re expensive right now and you won’t get your money out of them.
5. Hire a data scientist to crunch your metrics and find deals. They charge by the data, not hourly, so you can use them as needed.
6. Most facilities don’t need an on-site manager/office unless it’s a really large operation.
7. GET A MENTOR! You can’t beat using a mentor to build your business.
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About Steve Trang
Steve Trang (https://www.stevetrang.com) is the founder of Real Estate Disruptors. He started his podcast in the middle of 2018 to inspire wholesalers and real estate agents to double their incomes by adding a 2nd leg to their business. The podcast has now grown to tens of thousands of followers with new members of the community sharing their success stories every week.
Steve also created the OfferFast Homes app. The purpose of the app is to help wholesalers jump start their career faster by putting all of the buyers in one place. The hope is to minimize the challenge of building a buyer list when getting started in wholesaling.
Steve’s legacy will be to create 100 Millionaires. One of his favorite quotes is from the great Zig Ziglar: “You can have everything in life you want, if you will just help enough other people get what they want.” He heard this quote when he first got into real estate, and it has stuck with him throughout his entire career. In fact, it’s essentially one of the core values Steve lives by.
Since starting Stunning Homes Realty in 2013, the brokerage has over 130 agents. In the greater Phoenix area, SRH has an almost 1% market share. One out of every 137 homes in the Phoenix metro is sold by Stunning Homes Realty (https://www.stunninghomesrealty.com).