244. 25 Facilities in 2 Years After Quitting His Google Job for Self Storage w/Faraz Hemani
Today’s guest built a twenty-five facility self storage business in just two years! Even more impressive? He didn’t come from a real estate background, yet he was able to build a serious storage portfolio across multiple states, all by “taking the punches” as they came. If you want to quit your job and start investing full-time, this is an episode you CANNOT miss. You’ll hear how Faraz Hemani left his high-paying Google job to invest in small-market, mom-and-pop self storage facilities.
The question is, did it pay off?
After making some good income at his tech sales job, Faraz needed somewhere to park his money. Like most people, he thought rental properties were a great option, but as the market began to climb, Faraz realized that he had no control over whether his portfolio’s price went up or down. He sold off his rental properties and found an asset he could control—self storage.
Now, two years later, Faraz has a self storage portfolio of over twenty-five facilities across the southern United States. How did he scale up so quickly? Which markets is he targeting? And how does a complete novice get that many facilities so quickly? If you want to learn how, stick around for this episode as Faraz shares his buy box, favorite markets, and which facilities small investors should target.
What you’ll learn in today’s show:
- How to quit your job and build a self storage business (and whether it’s worth it)
- Why self storage beats rental properties IF you can master THESE skills
- Faraz’s exact buy box and the “mom-and-pop” facilities new investors should look for
- Why Faraz DOESN’T buy in the big cities but sees huge success in smaller towns
- Syndicating, raising private capital, and when it’s time to take on investor money
- The truth about entrepreneurship and why 99% of people CAN’T handle it
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