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
Average Joe Finances®
All of our social media links and more: https://averagejoefinances.com/links
About Mike: https://mikecavaggioni.com
About Tawnya: https://www.themoneylifecoach.com/
Show Notes add-on continued here: https://averagejoefinances.com/show-notes/
*DISCLAIMER* https://averagejoefinances.com/disclaimer
See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
My Favorite Murder with Karen Kilgariff and Georgia Hardstark
My Favorite Murder is a true crime comedy podcast hosted by Karen Kilgariff and Georgia Hardstark. Each week, Karen and Georgia share compelling true crimes and hometown stories from friends and listeners. Since MFM launched in January of 2016, Karen and Georgia have shared their lifelong interest in true crime and have covered stories of infamous serial killers like the Night Stalker, mysterious cold cases, captivating cults, incredible survivor stories and important events from history like the Tulsa race massacre of 1921. My Favorite Murder is part of the Exactly Right podcast network that provides a platform for bold, creative voices to bring to life provocative, entertaining and relatable stories for audiences everywhere. The Exactly Right roster of podcasts covers a variety of topics including historic true crime, comedic interviews and news, science, pop culture and more. Podcasts on the network include Buried Bones with Kate Winkler Dawson and Paul Holes, That's Messed Up: An SVU Podcast, This Podcast Will Kill You, Bananas and more.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.