The Storage Stud
Our Latest Fix and Flip Deal
In this video, Fernando will talk about his Fix and Flip deal in Schaumburg, Illinois. It is a very interesting and unique property because it has a lot of lessons built into it. The property has been stuck in probate for more or less 7 years. When the owner finally moved the property from probate…
Read MoreCompensation and Incentives – Fernando Angelucci, The Storage Stud
How do you compensate and how do you incentivize your staff and personnel? For Fernando, this is a critical point in hiring and keeping his people happy. Not everyone is incentivized by money or compensation. You need to know what drives them. If compensation is what drives your employee then make sure to give them…
Read MoreUnderstanding and Increasing Facility Value – Fernando Angelucci, The Storage Stud
According to Fernando, when it comes to Self Storage, one of the most important things to understand is not only the value of the facility that you are purchasing today but also where that value can be once you’re done with your term of ownership. It is also paramount to understand the current financials. Everyone…
Read MoreUpgrades and Remodeling – Fernando Angelucci, The Storage Stud
In addition to non-capital expenditures, increases in revenues and decreases in expenses, also look at building additional land and facilities on that land. Be very careful with this because you don’t want to over rehab or overbuild your facility in an area that does not support it or won’t bring you value. Once we have…
Read MoreHiring, Training and Evaluating – Fernando Angelucci, The Storage Stud
One of the questions that Fernando often gets is, how do they hire, train, and evaluate their employees and contractors? When it comes to the hiring process, they go to different resources. One thing that helps them a lot to go through this process is the book called “Top Grading”. The book is about how…
Read MoreWhat is the most common mistake you see? – Brandon Moulton
What is the most common mistake you see investors make when utilizing hard money? This question was asked to Brandon Moulton by Fernando Angelucci. His first answer was when the investors start in huge amounts in terms of construction budgets. Another thing is going to or investing in places or municipalities that they are not…
Read MoreWhat is Hard Money? – Brandon Moulton
What is hard money and is it different from other traditional financing sources? According to Brandon Moulton, hard money is private money. Its purpose is the acquisition of real estate. It is more focused on the asset. The short term for hard money lending is usually nine to eighteen months. After this period they could…
Read MoreWhat Does A Day In Your Life Look Like? – Brandon Moulton
For Brandon Moulton, his usual day to day life as a hard money lender means more phone calls and text messages. It’s a lot of conversations about how the loan works and what is the cost of the loan to value. Usually, these are the initial on boarding conversations that he is dealing with. Once…
Read MoreWhat Advice Would You Give For First Time Investor? – Brandon Moulton
“Let’s talk.” – this is the advice that Brandon Moulton would like to give to an investor who is willing to utilize hard money for the first time. For him, there is a need for a proper conversation, they have to make sure that they are doing it for the right reasons. It is not…
Read MoreHow Would You Advise Someone To Choose The Right Hard Money Lender? – Brandon Moulton
For Brandon Moulton, when choosing a hard money lender you got the option of national vs. local. The national hard money lenders are supported by Wall Street. They typically offer a lower cost. They are the lower-cost providers but you need to meet their ratios. While the local hard money lenders can provide a more…
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