As a budding real estate investor, I tried all the major asset classes to see where I would find my niche and pot of gold at the end of the rainbow. The big four, office, industrial, retail, and multifamily, all have significant construction costs, overhead, and more risk involved with tenant issues and demands. In addition, rarely were there any opportunities to earn more than the average of about a 10% return on my investment. And that was when everything went relatively smoothly and there was not a loss. Clearly, if real estate investing was going to be where I made the money that would provide for myself and my family in the future, I needed to find a more lucrative asset class.
Finding The Diamond In The Desert
Exploring historical investment opportunities and companies that were setting goals and exceeding them brought Legacy Built to my attention. This company has a long history in the self-storage arena and an exceptional record for meeting and exceeding their prediction for these projects. One of my first questions was answered so simply that I was sure it was inaccurate. All I wanted to know was when the most recent time the company defaulted on a loan or a project underperformed the expectation of Legacy Built was.
The answer I was given was that neither had ever occurred in its 45 year history in real estate investing. Of course, I was then encouraged to complete my due diligence and figure out how this was possible or if it was even possible. I was skeptical and needed answers, so I researched the company, management team, and specifically Tony Ardizzone and discovered everything they said was factual. This family-founded business was as legitimate and transparent as it appeared. And they have never had a project underperform and disappoint any of their investors.
How They Make It Happen – The Short Version
A single vision and focused guidance from the research phase to the day the doors open at the self-storage facility are critical to the success of Legacy Built. They acquire the right land, handle the development and construction in-house, and then continue to hold the property and manage the facility for as long as seven years. During this time, they enjoy the passive income generated by the in-demand self-storage units in a new facility requiring little care or attention. Once the facility is fully rented and thriving, they sell the business for top dollar and typically reward investors with at least 3x return on their investment.
I Am Excited About All The Future Holds
Legacy Built Fund 43 is the latest in a long line of success stories that will help me live very comfortably in my retirement. The project is called Thronydale, and it is located in a rapidly growing area of Tucson, AZ. The facility will cover just over 110,000 square feet and include 720 rental spaces. With a total cost of $16,500,000, the facility will generate millions in rental income each year, and once fully leased, it will be a desirable and profitable business to sell. I bet everything on self-storage facilities and Legacy Built because the reputation and track record of this company and its leadership team cannot be rivaled. Contact the office today to learn more about this project that can be the key to your future financial stability and the facilitator of your dream retirement.