Self-storage facilities can provide lucrative passive income opportunities compared to other types of real estate investments. In this episode, Drake Massa, Director of Acquisitions at Nomad Capital, joins hosts Neil Henderson and Clint Harris to discuss self-storage investing.Timestamps00:00:30 - Drake provides background on his role at Nomad Capital00:02:30 - Drake explains why self-storage is a good passive income investment00:04:40 - Drake outlines the four main self-storage investment strategies00:08:00 - Drake details the conversion strategy for self-storage investing00:15:15 - Drake discusses projected returns and timelines for investors00:21:40 - Drake explains the refinancing strategy in years 4-600:26:00 - Drake emphasizes the work required despite the passive income00:30:50 - Drake walks through the deal funnel from start to finish00:37:05 - Drake shares where he would invest $100k right nowKey TakeawaysSelf-storage has outperformed all other commercial real estate over the past 5 years and leads most industries in growth over the past 25+ years, even during recessions.The four main self-storage investment strategies are: 1) Buy existing facility and improve operations 2) Buy existing facility and expand it 3) Convert other buildings into storage facilities 4) Build new self-storage facilities from the ground up.Conversions provide the best risk-reward balance. Purchasing underutilized buildings for cheap and converting them into self-storage can generate huge returns.It takes significant expertise and effort to find, analyze, negotiate, and execute self-storage deals, despite the passive income for investors.Drake reviews 100+ deals per week, models 5%, negotiates on 1%, and closes nearly 100% once an offer is made. From contract to completion takes 6-12 months.Resources & Social MediaLinkedIn: Drake MassaWebsite: Nomad CapitalEmail: [email protected] Us on Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investinghttps://trulypassiveincome.com/toolkit/Mentioned in this episode:Sponsored by Nomad CapitalLooking to invest in self-storage? Nomad Capital converts vacant big-box retail spaces across the Southeast into climate-controlled storage, with a target of 20% annual returns. Our fund combines low leverage and high depreciation for strong growth and valuable tax benefits. By buying properties at deep discounts, we often achieve break-even at just 40% occupancy. Join a proven model in a resilient asset class that continues to deliver, even in today’s market. Learn more at nomadcapital.us/tpi. Accredited investors only.

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