Jason Hartman talks with Mitch Stephen, author of My Life and 1,000 Houses, on Mitch’s start in real estate, the importance of not having 100% occupancy, how to determine if your market is overbuilt, doing due diligence, and more.
[2:38] Is self-storage overbuilt? How Mitch tries to minimize his competition
[8:05] Self-storage facilities can go up really quick, is it better to buy an existing or build a new one?
[12:45] Jason’s revelation about commercial vs self-storage real estate back in 2010
[16:20] Why you never want to be full in any sector of real estate investing & what you should do if facilities in the area are full
[19:49] Some of the due diligence Mitch does when looking for a facility to buy