Self Storage Investment - Should Investors Make Self Storage Investments?

[SuperStorageGroup]

Great article Frank. I am a self storage operator, and certainly familar with cost segregation. However what were you talking about when you said "net operating losses refunded" for the last 5 years.... What code section? Thanks, Super Storage Group

[damarcuswilson]

how much space would you recommend for a starter self storage business?

[reiclub]

@damarcuswilson - Thanks for your question. We actually have articles on our website that cover Self Storage rather extensively. Simply go to REIClub.com and click on the "Real Estate Articles" tab in the left Site Navigation box. If you don't find what you are looking for, please let me know so I can further assist.

[damarcuswilson]

how do you start a self storage business?

[nationalcostseg]

Great information Frank. Thank you.

Cost segregation has been a well hidden tool commercial property owners (including self storage) are not taking full advantage of to decrease income tax liability. We would be happy to provide a free projection to your subscribers so they could discuss the numbers with their tax preparer. In general, tax savings can range 6%-12% of the purchase price of the property.

Brandon -

[DreamHomeCompany]

Frank: High quality content here. Thank you for posting your info and focusing on creating rich videos and raising the bar! David Meek

[JohnMcQuilkin]

Great video!

John McQuilkin - Hollywood Happens

The Unofficial Spokesperson of Hollywood

[CostSegregationSvcs]

Frank mentions Cost Segregation which is an IRS-approved method to increase your deductions for depreciation which reduces your taxes. This will reduce your taxes by approx. $35,000 for every $500 K you have in building costs (or purchase price). We can do a free analysis so you will see the financial benefit in your situation. Let me know if you have questions-

[clintcarter]

Well done.