Investing in Self Storage at 26 Even After a FIRE Burned His Facility | Ep 267 w Justin James
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You DON’T need to be doing million-dollar deals to build wealth with self storage. Take it from Justin James, who, at only twenty-six years old, has two self storage facilities, both of which cost him as much as many people’s houses. He’s had his ups and downs, like the recent fire that burned one of his buildings, but he’s STILL bullish on self storage, especially the smaller facilities that pack much better potential.
We brought Justin on to talk about how someone with zero experience can get started and the best properties for someone just getting into the self storage game. He shares how he found the properties, finances them, manages them, and dealt with what nobody wants to deal with—an early morning call from the fire department.
But Justin isn’t the only one who sees huge potential in small self storage properties, in small towns. AJ is a BIG fan of this investing strategy and shares why these overlooked facilities might be the key to the best returns in the industry. If you don’t have a ton of experience or money to start investing, worry not. Justin is a prime example of how anyone (yes, even you!) can get started today.
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Justin’s Instagram - / justinjameslive
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00:00 His Facility Burned Down!
04:47 How the Fire Started
08:55 Getting His First Storage Facility
19:26 2nd Facility Seller Financing
27:12 The Opportunity Most Are Missing
33:23 Why Storage Beats Multifamily
37:08 Keep Buying Small Facilities?
41:03 Scaling and Delegating
46:28 Connect with Justin!
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