Sep 23, 2021
Summary:
Are you curious about low risk avenues for investing within real
estate? Today, I have Andrew Abernathy on the podcast to talk about
storage units and warehouses, which have become a major sector of
real estate. His company, Abernathy Holdings, focuses on
development and vertical integration to maximize success and ensure
that these investments make money back over time. Tune in to hear
about this intriguing area of the industry and to hear about some
of Abernathy’s methods.
Highlights:
-Storage units and warehouses are pretty low risk for investing,
and they’ve developed over the years
-The business has become very complex and sophisticated
-Development and vertical integration are essential to making money
in this sector
-It’s all about location—even if it means spending $10k-$20k
extra
-Owning your own equipment dealership, garage dealership, and
construction company results in lower costs throughout the
process
-They make money by developing; for the next ten years, they will
be building, stabilizing, and selling
-Their long term goal is to open one new facility a month
-From approval to completion, the industry average is three years
from start to stabilization—Abernathy’s company has been able to
cut that into a couple years
-Security is the no.1 focal point for clients—24/7
surveillance/watch
-Abernathy is targeting the major cities (83% of the
population)
-The average person in the US rents six square feet per person
-Taxes - $120k-$150k a year
Useful Links:
Financial Survival Network
Andrew Abernathy
Abernathy Holdings