Equity Warehouse Founder Ian Horowitz on Self Storage Investing

 

Equity Warehouse Founder Ian Horowitz on Self Storage Investing

 

Guest: Ian Horowitz is the co-founder of Equity Warehouse, as self storage and small bay industrial development company. Ian is also the host of the Real Estate Reserve podcast.

 

Big Idea: How to progress from single family house flipping and rentals to commercial real estate investing. 

 

 

    

 

Dan Breslin: for any of our listeners. Ian, who don’t already know about you and Equity Warehouse. Do you want to kind of give us the origination story where you started, what you were doing. And then maybe a reader’s digest of your summary and a career, and and what you’re working on now.

Ian Horowitz: Yeah, you know, we had. We had very humble beginnings. Myself and my business partner. We grew up outside of Philadelphia, and we wanted to be big city firemen, and at the time you had to live in Philadelphia you had to live there your whole career. And we said, Nope, not doing that. And we started taking tests all across the country, and me, my business partner and a few other friends. We ended up in Baltimore City. If you ever watch the wire that’s where we worked. If you watched all the riots that happened, that’s where we worked, we were in the heart of it. And the interesting thing, though, is, we got hired in 7 and 8. Well, why is that important? We all know what happens. The end of the world comes the global financial crisis. And here we are taking government jobs in exchange for security. Right? But then here we are being faced with furloughs, pensions, issues, company closures. Detroit’s going bankrupt. California pension systems are going bankrupt private industry and are going bankrupt.

And then I’m just sitting there going like, what are we doing? Baltimore City is like a half a step above Detroit, like you’re out of your mind. If you think they’re going to be in a better position. So I got nervous about that. And then, you see the guys working there 30, 40 years. They worked there 30, 40 years, and it’s like. Hey? So what are you doing when you retire, lieutenant? I want to go work at home, depot or Walmart, I’m like, well, that’s that’s just dumb like you work 30, 40 years, and you’ll work at Walmart when you retire. And then, you know, the wife wants to have kids. It was just a culmination of everything. Wife wants to have kids. You start to think about legacy, and God forbid! I get killed or incapacitated at work like, how do I survive? And I said, You know, what? How do I make money if I’m asleep? Well, I’m at work right because we work 24 h shifts, and I just kept thinking, I’m like someone’s in my house running it. I am making money every second of the day while they’re there. God forbid! Something happens to me. My wife can hire a manager. She can sell the asset, she can do a multitude of things and take care of my family. As long as these properties are in some sort of performing condition, and that’s what led us down the path to real estate. And just to kind of summarize it, and I’m sure we’ll go through more of the story. But we started in single family. Section 8. Housing. 1st house we ever bought was 25 grand. And today we have almost 70 million dollars worth of real estate, including commercial assets, and the largest deal we’ve done to date is almost 13 million dollars as a 1 time acquisition. So it’s been a heck of a heck of a run. So.

 

This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/

 

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Resources mentioned in this episode:

https://www.EquityWarehouse.com

 

For Access to Real Estate Deals You Can Buy & Sell for Profit:

https://AccessOffMarketDeals.com/podcast/

 

Ian & I Discuss Self Storage Investing:

  • Scaling from SFR to Commercial

  • Flying Planes & Fighting Fire builds real estate skill set

  • $10M deals take as much time as $100,000 deals

  • Small Bay Industrial Development

 

    

Relevant Episodes: (200+ Content Packed Interviews in Total)

 

The transcript of this episode can be found here.
Transcripts of all episodes can be found here.