Feasibility and due diligence, this is one of the many facets of real estate that Fernando loves. He likes computing numbers and making analysis.
This is necessary for the sense that this will make or break your deal. Don’t ever go to a real estate business if you do not know anything about this topic.
The important thing about self-storage is as soon as you get the numbers from the seller at the same time you should also discuss the due diligence.
First, check the market. Before you even look at the property itself, before you even do the math for the income and expenses of the property, you have to check the market. Look at the market and the competitors first because in self-storage there is a supply and demand meter that could make or break your deal.
Study the supply index number in the area. This is calculated based on the amount of storage in an area divided by the population.
To learn more about the feasibility and due diligence with Fernando, continue watching this video.
Fernando O. Angelucci is Founder and President of Titan Wealth Group. He also leads the firm’s finance and acquisitions departments. Fernando Angelucci and Steven Wear founded Titan Wealth Group in 2015, and under his leadership, the firm’s revenue has grown over 100% year over year. Today,
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