Mar 22, 2023
Summary:
There are a lot of different ways to invest in real estate, and
previous guests on FSN have elaborated upon the storage industry as
it becomes more prominent. Travis Baucom appears in this episode to
talk about his experience within storage, and it started a few
years back when he decided he wanted to increase his wealth and
invest in something less risky and less involved. After years of
buying foreclosures and flipping hundreds of properties, he was
ready for a different niche within real estate: storage facilities.
After doing some research, it quickly became clear that self
storage had some of the best cash flow in comparison to other asset
classes. Travis and another broker ended up purchasing a facility
together, and have been operating a very successful business since
then. Travis touches on some of the variables that contribute to
cost minimization, as well as the future of self storage business
models. Tune in for more insight.
Useful Links:
Financial Survival Network
Balcomie Capital