Real Estate Investing Profits Master Series with Cory Boatright
About This Show
Real Estate Investing Profits Masters Series | The Definitive Realestate Podcast for Real Estate Investing Freedom By Quiting your Job, Creating Landlord Wealth, Making Money by Flipping Houses and getting Bigger Pockets with Millionaire Investors.
Most Recent Episode
Episode 47: Scott Meyers Self Storage Investin
Dec 29 16
My guest today is not your traditional fix and flip guy. He’s not even a wholesaler. Scott Meyers applied his winning real estate investment strategy to self-storage! Which is amazing to think about because many of us have probably never even considered self-storage as an option. But for investing, self-storage is extremely lucrative. And in today’s episode Scott Meyers shares his strategies and how self-storage investment is practically recession proof. Scott did get his start with wholesales, short sales, and rentals, but with the dot-com crash in the late 90s and the housing crashing in the mid-2000s, Scott wanted to try something different. He was sick of taking the risks on the banks and the tenants and knew there had to be a safe way to do what he loved in real estate while minimizing the risk to his investments. He listened to his wife and decided to invest in storage units. He’s developed and purchased over 5000 units, out in the middle of nowhere, all across the country, and now he’s looking to develop and convert existing facilities that are in the need of modernization. There are so many different options for real estate investment that you really can’t go wrong, especially when you put your mind and your heart into something that’s so important to you and your family. MINUTE MARKERS 5:16 - How did Scott get involved in real estate and, really, self-storage investment? 7:45 - Who was one of Scott’s biggest influences in investment? 9:45 - Scott lost his 401K and that was his breaking point 10:40 - Scott proudly quit his part-time job 11:00 - But how did his wife take it? 12:46 - What moved Scott from real estate investing in homes into self-storage? 16:46 - Why does Scott love real estate investing? 18:00 - How is self-storage almost recession proof? 20:18 - Scott’s big profit master investing strategies for self-storage 22:05 - How much interest is on t