289. Discovering the Storage Goldmine with Joe Downs

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Join us on Average Joe Finances as our guest Joe Downs, CEO of Belrose Storage Group, shares his 17-year journey in commercial real estate. Joe recounts his early career as a financial advisor, the impact of 9/11 on his career shift, and his ventures, including owning a bar and moving into real estate. Joe delves into his current focus on the self-storage industry, offering insights into market dynamics, the importance of mentorship, and the unique opportunities in storage, especially during economic cycles.

In this episode:

• Learn how adaptability and resilience can turn career setbacks into real estate success.
• Discover why self-storage is an overlooked yet profitable niche in commercial real estate.
• Understand the importance of seeing opportunity in every deal, even beyond your initial criteria.
• Gain insights on why hands-on business oversight is key to long-term investment success.
• And so much more!

Key Moments:

00:00 Introduction and Welcome

01:00 Guest Introduction: Joe Downs

01:23 Joe's Journey into Real Estate

01:39 From Financial Advisor to Real Estate

02:00 The Impact of 9/11 and Career Shift

02:56 Venturing into Real Estate

04:00 Owning a Bar: Lessons Learned

04:57 Transition to Radio and Real Estate

07:14 Discovering Self Storage

09:28 The Self Storage Business Model

13:20 Challenges and Opportunities in Storage

27:49 Advice for Aspiring Investors

31:24 Final Thoughts and Contact Information

Find Joe Downs on:

Website: https://www.belrosestoragegroup.com/

Instagram: https://www.instagram.com/belrosestoragegroup/

Facebook: https://www.facebook.com/belrosestoragegroup

LinkedIn: https://www.linkedin.com/in/joe-downs-7990851/

Youtube: https://www.youtube.com/@belrosestoragegroup

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