Ted
I was looking for a MF deal for about 2 years and was getting frustrated.
Pre-Covid I wanted to learn more about another asset class and came across
storage facilities. Stacy was the only local coaching program around so I
reached out to her. I will tell you her principles and methods do work because
I signed up about 3 months ago and have learned a lot in this timeframe and
most of the deals I have analyzed are far better than just about any MF deal I
analyzed. Yes, the coaching program is expensive but any coaching costs
thousands of dollars and to be honest I am way further than I thought I would
be if I tried to learn everything on my own or by reading books. We have a
Facebook group that I am very active in and have networked with other students
outside of the mastermind through Facebook just to bounce ideas off of each
other. I am under contract on a facility that's currently an 8 cap and as soon
as I increase the rates to market level it will be operating at a 14 cap so
that's a couple hundred thousand dollars of instant equity I will be building
just by raising rates since they are significantly below the owner's
competition. And my deal is average compared to some of the student's in this
group. Honestly, Stacy's mastermind has me believing that I can quit my W2 and
be a full time investor maybe after I purchase a second facility. Anyway, I
could go on longer but feel free to ask me any questions.