Benefits of Self Storage Investing with Powell Chee and Won Yang | Know your why #242

EPISODE SUMMARY: Sometimes life throws us into a crossroads where we must decide between staying comfortable or taking a leap towards the extraordinary. That’s exactly what happened to our guests, Powell Chee and Won Yang—two inspiring individuals who found themselves juggling corporate jobs and growing real estate investments. Their life-altering decision led them on a remarkable journey from running a clothing business to leading a thriving real estate partnership. Their stories remind us that life and business are constantly evolving. Among other fascinating topics, they share their decision to transition from multifamily properties to self-storage investments in 2020, viewing themselves as deal hunters rather than just a self-storage group. Amidst the pandemic, they adapted, looking for the best deals and embracing new technologies. They also dive into their various exit strategies for their self-storage properties and how they aim to exceed their investors' expectations by over-delivering. But their journey is not just about financial success—it’s about living an extraordinary life. They envision a future that brings financial, time, and space freedom, and being a source of blessing and providing opportunities for their families. They’ve learned that knowing your 'why' is vital in shaping your journey. So, whether you’re a seasoned investor or just starting out, this episode is a compelling exploration of ambition, adaptability, and finding your purpose in the world of real estate. Join us as Powell Chee and Won Yang unravel their inspiring real estate journey and the value of having a clear 'why'. POWELL CHEE AND WON YANG'S BIO: Powell Chee: Lives in SoCal Coached Football for 18 years: 6 years at college level Corporate Sales background, retired July '22 RE Investor: SFR, MF, Self Storage Loves beach volleyball Achievement: started a fire with 2 sticks. Took 4.5 hours. Won Yang: Born in South Korea Grew up in Argentina Served in US Army Formerly business owner in fashion industry REI investor: SF, MF, Self Storage GET IN TOUCH WITH THE GUESTS! https://www.youtube.com/@powellchee instagram.com/powell.chee/ [email protected] EPISODE CHAPTERS: (0:00:00) - Real Estate Investing and Partnership Journey Paol and Juan share their real estate journeys, making the decision to invest instead of a corporate job, owning multi-family and self-storage properties, and Juan's retirement. (0:11:51) - Clothing Business to Real Estate Transition Paol Chi and Juan Yang found financial freedom through real estate investments, networking and partnerships. (0:23:08) - Transition to Self-Storage and Unmanned Operations Paol Chi and Juan Yang transitioned to self-storage investments in 2020, considering location, team, returns, business plan, asset class, and COVID-19 impacts. (0:31:36) - Commercial Real Estate Exit Strategies Paol Chi and Juan Yang plan to build a brand, consider portfolio sales, refinance, and hold long-term to exceed investor expectations. (0:37:04) - Pursuing an Extraordinary Life and Success Paol and Juan plan for an extraordinary life with freedom, blessing and opportunities for their families. (0:46:58) - Knowing Your Why Paol Chi and Juan Yang share their "why" and multifamily to self-storage transition, exit strategies, and future plans. If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/ Artist: http://audionautix.com/