Building Wealth One House At A Time
about 28 days ago.
Updated 3 months ago.
On this podcast episode I interview Fernando Angelucci, the Senior Managing Partner of Titan Wealth Group, about investing in self storage.
Fernando has a very interesting background. He first read Rich Dad Poor Dad when he was only 16 years old and started his first real estate investing business (wholesaling) when he was just 19 years old.
After graduating college with an Ag-Bio Engineering degree in 2013 he started working for a Fortune 500 Company. Fernando continued investing in single family rental properties, and by the age of 23, he was able to quit his job and focus full time on investing in real estate.
At the age of 24, Fernando began investing in value add self storage facilities. He focused on buying facilities at a massive discount to market value where the facility could be purchased for very little money down (and in some cases no money down).
Fernando and his company own, manage and operate self storage facilities in 7 different states. He has also wholesaled and flipped self storage facilities to other investors. His strategy is to buy at a high cap rate and sell at a lower cap rate to another investor.
On this podcast we talk about investing in self storage facilities, cap rates for self storage, what to look for in a self storage facility, as well as demographics, population growth and job growth.
Fernando shares some tips and secrets for self storage investing including how to "underwrite" and evaluate potential self storage investment opportunities, and how to find self storage facilities at massive discounts. He also shares how to market to older self storage facility owners and how to use seller financing to buy self storage facilities from older investors that are looking to retire.
Great interview and lots of meat and potatoes in this podcast episode. Take lots of notes!
Enjoy the podcast!
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