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MY €7,000 SELF-STORAGE INVESTMENT FAILED ❌💸 Here's what happened 

Millennials With Money
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Self-storage can be a great investment for property investors looking to avoid some of the risks and challenges with residential property, however Self-storage units (trasteros in Spanish) come with their own set of problems. In this video I talk about how a storage unit purchase I completed last year hasn't worked out and has ended up with me deciding to sell the unit.
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Mentioned in this video:
🔹 • SELF STORAGE: A BIG IN...
🔹 • SELF-STORAGE FACILITY ...
🔹 • I BOUGHT A STORAGE UNI...
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Chapters:
0:00 - Intro
1:03 - My self-storage investing journey
2:13 - The start of the problems
3:49 - A missed opportunity
4:36 - What went wrong?
8:41 - Will I still invest in storage units?
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About me:
Welcome to Millennials With Money!
My name is Jonny, I'm a financial analyst from the UK, currently living and working in Spain.
I created this channel to help and inspire young people to improve their financial situation and live life to the full by sharing my own experiences with money and living abroad.
I upload content on a weekly basis about personal finance, how to invest your money, tips to help you save more money, real estate and property, and travel and living overseas.
Everybody is welcome in the Millennials With Money community! Let's get this money!!!
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Music by Epidemic Sounds: share.epidemicsound.com/o6n1px
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#selfstorage
#propertyinvestment
#realestateinvesting
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DISCLAIMER: The opinions and views shared on this channel are for entertainment and educational purposes only and are not to be taken as financial advice. Always conduct your own research prior to making any financial decision. Millennials With Money cannot be held responsible for any financial loss incurred from any decisions you make following this video.

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5 авг 2024

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Комментарии : 20   
@MillennialsWithMoney
@MillennialsWithMoney 2 месяца назад
What would you have done? Leave a comment and let me know!
@theSSHITT
@theSSHITT 2 месяца назад
Don't let it get you down. You win some, you lose some. There is risk involved in investing. It's great that you are transparent and willing to talk about your so called "failures" with your audience. Although, there are no failures, only learning experiences.
@MillennialsWithMoney
@MillennialsWithMoney 2 месяца назад
Thanks Tara!! Definitely agree that it’s a learning experience
@filipvucemilovic
@filipvucemilovic 16 дней назад
Thank you for sharing not just your wins but even your losses.
@MillennialsWithMoney
@MillennialsWithMoney 16 дней назад
@@filipvucemilovic thanks for watching!! There are always lessons and learnings from losses so absolutely worth sharing 😊
@FarazVisuals
@FarazVisuals 2 месяца назад
Your hard work shines through in every upload. Keep it consistent, and you'll be a RU-vid star in no time!
@YoungRafoo
@YoungRafoo 2 месяца назад
Wow bro i didnt expect the breakdown so soon, youre quick! Thanks for sharing
@MillennialsWithMoney
@MillennialsWithMoney 2 месяца назад
Thanks for watching bro!! 👊🏻
@davidmmm
@davidmmm 2 месяца назад
Very insightful, Jonny. I'm curious about your thoughts regarding investing in car spaces. In my mind, it's the "stage 2" of the investment game after storage units. :D
@MillennialsWithMoney
@MillennialsWithMoney 2 месяца назад
Thanks David!! Lot of requests to this, I think I have a topic for an upcoming video!
@alizcsodaorszagbol
@alizcsodaorszagbol 2 месяца назад
I think selling the unit and pull out equity is a good choice. Probably I would have tried to rent it out without agency. Did you consider parking lot as an investment? I believe parking spaces in crowded cities perform well.
@MillennialsWithMoney
@MillennialsWithMoney 2 месяца назад
I definitely should have tried that, but living so far away it would have been a logistical nightmare (at the time I didn’t have a car). I’ve considered parking spaces as well but I don’t think the ROI is as high as with parking, though I’m sure the demand is probably much greater
@aimeeflanagan8632
@aimeeflanagan8632 2 месяца назад
Hey love all your videos. Would you be able to give your review and opinions on moving from the uk to Italy? - real estate, visas etc! Thanks!!
@MillennialsWithMoney
@MillennialsWithMoney 2 месяца назад
Thanks Aimee!! Italy is coming out as a popular answer in the recent community call so will certainly be looking to produce some content on it. Stay tuned and thanks for watching! 😁
@Chinedu311
@Chinedu311 2 месяца назад
Is the 7000 the total cost of the place or down payment for mortgage. What is the average rent price for storage units
@MillennialsWithMoney
@MillennialsWithMoney 2 месяца назад
7k was the total cost, storage units typically cost between 7-20k depending on size, neighbourhood etc. Rent again depends on the size but can range from between 70-150 EUR a month
@irmelieija
@irmelieija Месяц назад
Did you find a buyer already?
@MillennialsWithMoney
@MillennialsWithMoney Месяц назад
@@irmelieija not yet actually! Still on the market and available!
@AlFakherFan
@AlFakherFan 23 дня назад
Just another standard Spanish situation.
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