And I thought, man, I should buy one of these.Īnd then I. I actually looked at self-storage in 1998 when I had a bad experience at one. Listened to my heart and looked closer at mobile home parks years ago, and self-storage. My, my momma said, don’t go to the trailer park.Īnd I thought that meant I shouldn’t invest there 30 or 40 years later, but I really should have. Sam Zell, America’s most successful real estate investor with 158,000 mobile home park pads was onto this, decades ago while we were all turning our nose up at mobile home parks. I wish I would have done it a long time ago.
And, you recently wrote a book about self-storage, and I find that the pivot is very interesting, because, from my perspective, you identified the attractiveness of self-storage and mobile home parks as a general investment asset class pretty well before the rest of the market got hip to those businesses as a, as an investor. Hotel in North Dakota for the oil boom in 2011.Īnd basically decided I loved multifamily, got some actual mentoring and coaching along the way, ended up writing a book on multifamily investing, and since then have expanded to add self-storage and mobile home parks through our syndicated funds. Finally built a multifamily, which was quasi. But I wasn’t sure how to get involved in commercial real estate. Started flipping houses then started flipping waterfront lots at Smith mountain lake did a small subdivision or two, and ended up over the years, doing all this residential. I sold my company to a public firm in 97 and I was lost for a couple of years, moved to Virginia, and didn’t know what to do. Can you tell us about your background and a bit about Wellings cap? So show, so I certainly appreciate that for our listeners out there who don’t know somehow don’t know about you and your business. And you’ve been on the show before, right at the beginning of the passive wall strategy. Hey, it’s great to talk with you again, I feel like we catch up with one another, every year for a couple of years or so. Taylor, I am really honored to be on the show again.
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