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01 Jul 2024

Don't Let High Rates Get You Down


James McLean

Union Realtime

Let’s talk about the impact of high interest rates on purchasing power, especially in the context of Self Storage. Here's a breakdown of some key points:

To increase your chances of securing a deal, here are some strategies you can employ:

Expanding your search to include different regions can uncover markets with less competition, potentially offering better deals and higher returns. Recognize that the market has evolved in 2024. Being adaptable and open to new strategies is key to succeeding in a landscape where the easy-to-find, local deals are no longer prevalent.

By implementing these strategies, you can maximize your chances of finding suitable deals even in a high-interest rate environment. The goal is to be proactive and persistent, increasing your buy box and thus your opportunities for successful acquisitions.

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