The article on Storage Unit Loans states that in order to be approved for a loan you must have 3+ years in business– Please, elaborate. Could 3+ years experience as a real estate investor meet the qualification?
In order to qualify for any loan you must show experience in the area in which the loan is being granted. If you do not have the experience, it would be great to partner with someone who has experience. Best of luck to you.
Hi, Elliott – thank you so much for your question! The length and type of experience necessary depend on the lender. However, we believe the experience should be in rental real estate generally – not experience with storage units specifically.