teded
Well-Known Member
- Joined
- Dec 10, 2009
- Messages
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Is it a good or bad idea to buy a storage unit and rent it out. Do they gain in value?
I sort of took the OPs post as though he wanted to buy a storage unit solely to use it as a rental? If that was the case, how does that make sense? In other words, let's say someone buys a storage condo, in Havasu, for 40k. And their purpose is to lease it out at $300/monthly for boat storage? I mean, I understand that 300x12 = a lot of income, however it costs you 40k, out of savings, just to get that $3600 yearly income. How is that worth it?
I sort of took the OPs post as though he wanted to buy a storage unit solely to use it as a rental? If that was the case, how does that make sense? In other words, let's say someone buys a storage condo, in Havasu, for 40k cash & And their purpose is to lease it out at $300/monthly for boat storage? I mean, I understand that 300x12 = a lot of income, however it costs you 40k, out of savings, just to get that $3600 yearly income. How is that worth it?
I sort of took the OPs post as though he wanted to buy a storage unit solely to use it as a rental? If that was the case, how does that make sense? In other words, let's say someone buys a storage condo, in Havasu, for 40k cash & And their purpose is to lease it out at $300/monthly for boat storage? I mean, I understand that 300x12 = a lot of income, however it costs you 40k, out of savings, just to get that $3600 yearly income. How is that worth it?