How to Earn Great Returns in Self Storage Today with Terry Hale
How to Earn Great Returns in Self Storage Today with Terry Hale
How to Earn Great Returns in Self Storage Today with Terry Hale
Terry Hale is an active investor and CEO of a private commercial real estate firm that provides acquisitions for all commercial property types and investment opportunities. The firm executes value-add strategies through direct and joint venture investments, primarily with existing assets located throughout the U.S. Utilizing our extensive commercial real estate expertise to create value, reposition, and stabilize for long-term capital gains.
[00:01 - 06:32] Opening Segment
- Terry shares his commercial real estate adventure
- Terry’s Not So Mentor Mentor
- The niche only Terry knows and his success
[06:33 - 13:16] Creative Financing
- What is Creative Financing?
- There is a story in every deal
- Terry tells a story of his creative financing strategy
- The Owner is the Bank Strategy
- In-house underwriting and a multi-pronged approach
[13:17 - 29:36] How to Earn Great Returns in Self Storage Today
- How to Manage a Property while You’re Away
- The Power of Utilizing Technology
- Waiting for the Risk and Reward
- 20+ years of real estate experience and going
- Improving distressed assets and sellers
- How to Find Distressed Buyers
- No banks and just selective lenders
- Knowing and understanding your contract
- Every deal is unique and looking at interest as a tool
- Nonrecourse, transferable, and assumable
[29:37 - 37:58] Closing Segment
- Quick break for our sponsors
- Groundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started.
- What is the best investment you've ever made other than your education?
- Retiring in his early 30 years
- 110-unit multifamily in Texas
- Terry’s worst investment
- Being in business early on with an underqualified partner
- What is the most important lesson that you've learned in business and investing?
- “Use other people’s money wisely.”
- Connect with my guest. See the links below.
Resources Mentioned:
Tweetable Quotes:
“We literally just look at these things and try to make sense of them.” - Terry Hale
“I don’t see doomsday in real estate.” - Terry Hale
“Always get educated. Always have control of your deal.” - Terry Hale
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Connect with Terry through [email protected], Instagram, LinkedIn, and https://terryhale.com/.
Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/
Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.