40,000 Square Foot Self-Storage Deal as First Facility with Christian Mercado
In this episode, we talk to Christian Mercado about how he purchased his first piece of real estate using a VA loan, how a light bulb went off after he started renting one of his rooms out, how he purchased his first self-storage for zero money down, and the key to negotiating with self-storage owners.
Christian Mercado is a full-time real estate investor and Army Captain. He got his start in real estate in 2017 with the purchase of his first house utilizing a VA loan. 6 months later, he rented a room out and discovered the power of house hacking. After a year, he purchased another home to live in using his VA loan and rented out the first, and he was off to the races. Since that time he has flipped at least 8 houses, opened up several short-term rentals, and purchased a self-storage facility.
In This Episode We Cover:
How he bought his first property using a VA loan
The red flags that led him to walk away from his first self-storage deal
How he found his first self-storage deal
How he negotiated with the seller to purchase for zero down with seller financing
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