There is no doubt that competition in multifamily is increasing. With compressed cap rates and rising numbers of syndicators, the space is becoming severely crowded. This makes finding an unsaturated niche a great option if you are still wanting to invest in real estate. Our guest for today is Scott Krone and he has found such a niche \u2013 one which we have not talked about on the show yet either. What Scott does is converts distressed buildings into self-storage units, primarily in rural areas throughout the Midwest. In this episode, we discover that this niche is both environmentally friendly and profitable too.
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