Though not as glamorous as investing in a tropical resort hotel, storage facilities can return strong profits on smaller initial investments.
Benefits include a relatively high demand in urban centers, and in outlying metropolitan areas where competition may not be as great. A nearly unavoidable fact of life is that as families grow and as individuals start to make more money, their volume of possessions increases while their available storage space decreases.
Fewer associated costs are due partly because the property is occupied by things rather than people. Operating costs for a storage facility are far below the operating costs of apartment communities, resort hotels or office towers. Non-recurring costs like repairs and renovations are also usually spaced much farther apart and are usually less costly
A storage facility is an investment that does not require too much oversight in which to place some of your IRA’s funds.
At Asset Exchange Strategies, LLC we have had conversations with potential self-directed IRA clients many thousands of times and the myths continue to live on after 20 years in the business. Some things like Sasquatch or area 51 seem to perpetuate in people’s minds without any substantial evidence the concept is correct or myth. Let’s […]
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