289. Discovering the Storage Goldmine with Joe Downs Artwork

Average Joe Finances

On this podcast we discuss how to create passive income from real estate, investing, side hustles and more. Our mission is to show people that financial independence is possible no matter their income level. This podcast is designed to be an educational tool to help you become financially independent. We want you to beat your debt, build your wealth, and control your future!

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Average Joe Finances

289. Discovering the Storage Goldmine with Joe Downs

February 23, 2025 • Mike Cavaggioni

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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