EP188 Making Money off of Obsolete Buildings by Turning them Into Climate Controlled Self-Storage with Scott Krone

EP188 Making Money off of Obsolete Buildings by Turning them Into Climate Controlled Self-Storage with Scott Krone

Today we're going to talk about Adaptive Re-use of Commercial Space and how it can be turned into an Asset Class that is Very Attractive & Extremely Profitable.

My guest is Scott Krone, the managing partner of Coda Management Group, a company that teams up with investors to purchase and convert undervalued warehouse space into climate controlled Self-Storage Facilities.

Scott has a Masters of Architecture Degree from the Illinois Institute of Technology and he's created 47 syndications and has over 400,000 sq. ft. & 2,759 storage units under management, along with over 25 years of development & design-build experience.

Scott is going to share the process he goes through in converting old warehouse space to self-storage, including his typical costs per sq. ft. for acquisition, construction & soft costs. He'll discuss the financing that's available for these projects and how Coda builds and sells their developments to REITS.

Scott & I also discuss the importance of Mentors, what ever happened to the original 'Lincoln Log' factory in Chicago, and how he uses personality profiling techniques to build his team and understand his clients better.

I know you're going to enjoy this episode, and you can learn more about Scott by going to his website:

https://www.codamg.com/

Avsnitt(591)

EP023 Building Lifetime Cash Flow Through Real Estate Investing, Why Multi Family and Apartment Investing is preferable to Single Families with Rod Khleif

EP023 Building Lifetime Cash Flow Through Real Estate Investing, Why Multi Family and Apartment Investing is preferable to Single Families with Rod Khleif

Today I'm thrilled to be talking with Rod Khleif, the host of the "Lifetime Cash Flow through Real Estate" Podcast. As one of America's top real estate professionals, Rod has personally owned more tha...

20 Juni 201645min

EP022 Buying with the Right Fundamentals & Property and Asset Management with Tina & Wes Emert

EP022 Buying with the Right Fundamentals & Property and Asset Management with Tina & Wes Emert

If you are a new investor who is looking to buy rental property, or you're a current owner looking for ways to improve your methods, I believe you'll get a lot out of my conversation today with Tina &...

13 Juni 20161h 25min

EP021 Investing in Self Storage Facilities and Buying Properties with No Money Down with Michael Laragy

EP021 Investing in Self Storage Facilities and Buying Properties with No Money Down with Michael Laragy

If you've ever wondered about investing in Self Storage Facilities, then this is an episode you don't want to miss.  Michael Laragy built a rental property portfolio over 30 years, and then decided to...

6 Juni 20161h 18min

EP020 Self Directed IRA's, Tale of two 4-Units, Be Aware of 'Alligators' that eat all your Cash Flow with Steve Whitteberry

EP020 Self Directed IRA's, Tale of two 4-Units, Be Aware of 'Alligators' that eat all your Cash Flow with Steve Whitteberry

The Good, The Bad, and The Ugly:  Last week successful investor Steve Whitteberry shared his stories of 'The Bad & The Ugly' with us.  Today we get to discuss 'The Good'. Steve will discuss his use of...

30 Maj 201637min

EP019 Avoiding Bad Investments with Bad People, No Money Down, Value of Land, Helping People in Foreclosure with Steve Whitteberry

EP019 Avoiding Bad Investments with Bad People, No Money Down, Value of Land, Helping People in Foreclosure with Steve Whitteberry

The Good, The Bad, and The Ugly:  Sometimes we come across deals that are too good to be true but we suspend our better judgement because the person selling those deals is so persuasive and says all t...

23 Maj 201623min

EP018 Overcoming Setbacks, What happens when a deal falls through, Private Money and Finding the Funds to do your deals with Keith Littlepage

EP018 Overcoming Setbacks, What happens when a deal falls through, Private Money and Finding the Funds to do your deals with Keith Littlepage

Many experienced investors can share this story: the one about the deal they chased for months or years, spent countless hours and phone calls and emails and money on, invested all their energy and em...

16 Maj 201641min

EP017 Finding and Negotiating Off-Market Deals, Multi-Units and Firing your Management Company with Ken Jenkins

EP017 Finding and Negotiating Off-Market Deals, Multi-Units and Firing your Management Company with Ken Jenkins

Last week Ken Jenkins shared with us how he used direct marketing to find, negotiate and purchase an 8-unit multi-family and duplex in Plymouth, Michigan. Today Ken & I discuss the 20-unit multi-famil...

9 Maj 20161h 16min

EP016 Finding and Negotiating Off-Market Real Estate Deals, Direct Marketing for Multi-Units & Apartments with Ken Jenkins

EP016 Finding and Negotiating Off-Market Real Estate Deals, Direct Marketing for Multi-Units & Apartments with Ken Jenkins

Discovering Off-Market Real Estate opportunities that cash flow and offer great upside potential is like finding the Holy Grail for Real Estate Investors.  Today I talk with someone who's managed to d...

2 Maj 20161h 5min

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