WHAT IS THE BEST WAY TO FINANCE THE PURCHASE OF A STORAGE UNITS FACILITY?

I’d similar to to buy or set up something similar to Public Storage. What’s the most appropriate approach to know where to build, find the land (or existent storage facility) as well as financial the purchase?

{ 2 comments… read them below or add one }

jmarlow May 27, 2010 at 12:16 pm

Do your research on the locations of other storage units in your area and also figure out what the demand is for public storage. You will need to come up with a business plan and then pitch it the a bank and see if they will lend you the money to finance it. If they deny you, revise your financial plan and try again. One way or another, if the bank is going to make a profit off of your investment, they will lend. You just have to show them that they will.

James H May 27, 2010 at 12:27 pm

There may be something of use here.

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