Storage Yard Real Estate Development with Chris Long The REI Diamonds Show-Real Estate Investment Podcast

Episode 243: Storage Yard Real Estate Development with Chris LongGuest: Join us in this captivating interview with Chris Long, a visionary entrepreneur who transformed a simple solution into a booming real estate venture. Chris, a licensed carpenter, identified a gap in the market and embarked on a journey that led him from the cold capital of Canada to the sunny shores of Tampa, FL, where he currently spearheads Long Yards, a revolutionary concept in real estate targeting an unmet need for affordable storage space.Big Idea: Chris shares his remarkable journey from identifying a market need to building a successful business empire in the real estate sector. He delves into the challenges he faced, the pivotal decisions he made, and the strategies he implemented to overcome obstacles and achieve exponential growth in the storage business. This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.comResources mentioned in this episode:https://LongYards.com/View the Episode Description & Transcript Here:https://reidiamonds.com/storage-yard-real-estate-development-with-chris-long/Chris Long & I Discuss Storage Yard Real Estate Development:• Identifying Market Gaps: Chris discusses the inspiration behind Long Yards and the unmet need for affordable storage space. (00:02:51)• Strategic Partnerships: The importance of choosing the right partners and maintaining alignment in business ventures. (00:06:48)• The Concept of Long Yards: Chris introduces the concept of Long Yards, explaining how it combines land banking with cash flow generation. (00:13:04)• SBA Financing Advantage: The competitive advantage of utilizing SBA financing for real estate acquisition and build-out within the Long Yards framework. (00:22:38)• Stabilized occupancy rate and turnover: Chris discusses how Long Yards maintains a 90% stabilized occupancy rate, with lower turnover due to catering mainly to small businesses (00:42:41).Relevant Episodes: (200+ Content Packed Interviews in Total)• Paul Sloate Forecasting the State of the Real Estate Market for 2016• From Immigrant Hustler to Real Estate Titan: Rod Khleif’s Psychology of Building & Rebuilding Empires• Real Estate Uncovered: Building Success and Weathering the Storm with Doug Faron• Josh Inglis on Building New Construction & Selecting Rentals on Chicago’s South Side