Exploring High Returns: The Overlooked Potential of Self-Storage Investments with Travis Baucom

Welcome to an exciting episode where we unravel the lucrative yet often overlooked potential of the self-storage investment industry with our special guest, Travis Baucom. Travis is a seasoned investor with a unique knack for identifying promising markets in the realm of non-inhabitable real estate. His keen focus on growth indicators such as population trends and competition landscapes has propelled him to the forefront of this sector.   In this episode, Travis divulges his expert strategies for investing in self-storage facilities and his successful track record of doubling investor money in five years. From targeting areas with increasing populations to choosing locations that are under-saturated with storage facilities, Travis offers valuable insights into a niche investment realm. He also shares his journey of developing a new facility and his current expansion endeavors.   Get ready to delve deep into the world of self-storage investments. Whether you're a seasoned investor looking to diversify your portfolio or a newcomer exploring different investment avenues, this episode is sure to spark your interest. Learn how to make the most of these untapped opportunities right from the expert, Travis Baucom. Tune in now!   Chapter Stamps:   [00:00:00] Introduction [00:02:34] Travis Baucom's journey into self-storage business [00:04:26] Buying and building storage facilities [00:06:27] Typical deals and the approach to property acquisition [00:08:36] Running a self-storage facility [00:11:00] Managing physical property and storage management software [00:13:37] Identifying emerging markets for storage facilities [00:14:32] Participating in developing a new facility [00:15:20] Geographic focus of operations and considering outside investors [00:16:44] Staying within the self-storage domain vs expanding into apartments [00:17:46] Expected returns on investment [00:18:06] Travis Baucom's entrepreneur superpower and mindset [00:20:00] Wrapping up and final thoughts   Pullout Quotes:   "We want a city that has an increase in population and hasn't been overbuilt. Generally speaking, storage facilities have a five-mile radius target market."   "When we look at a facility, we want to see the population of that area, how many other competitors we have, if the competitors are full, and if they're planning to expand."   "Development is a three to five-year project. You get it built in nine months and then it takes you two to three years to fill it up."   "I really like non-inhabitable real estate. I like not having to deal with domestic disputes, not having to talk to the cops, and not having to repair the door after they kick it down."   "Our goal is to double your money in five years and we've hit that metric pretty solid over the past years."   "Most entrepreneurs deal with learning to process pain and disappointment and then observing why that happened. In the crushing, in the downtimes, really reflecting on why that happened and then changing course."   "I would say the thing that's kept me going is just realizing that it is doable and that if I can process the pain, then I can get back to the top and make plenty of money."   Socials:   Website: https://www.investinstoragedeals.com ----more---- Notice to the Super Entrepreneurs community: Before we part, remember to join our Private Facebook group, 'Mindset for Business Success.' Here we share mindset wisdom to elevate your life and business, ready for a transformative journey? This group is your key to unlocking potential and achieving business growth. Don’t miss out on this incredible free resource. Join us in 'Mindset for Business Success' today! Join Now   ----more---- Disclaimer: Please be aware that the opinions and perspectives conveyed in this podcast are solely those of our guests and do not necessarily represent the views, ideologies, or principles of Super Entrepreneurs Podcast, its associated entities, or any organizations they represent or are affiliated with. We provide a platform for discussion and exploration, and the content of each episode is understood to be independent expressions from our guests, rather than a reflection of the beliefs held by the podcast or its hosts.