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Featuring Scott Meyers

Don’t Be A Passenger On Your Future

Becoming & Staying Financially Independent With Smarter Investing Moves

There are so many cool new changes happening around us. You may even be reading this while your Tesla is taking you to your next stop, or you’re waiting on an autonomous vehicle to deliver your latest online shopping purpose. Yet, there are something it just doesn’t seem smart to let others control for you. Like your financial future.

If you do nothing, the world will still carry you along. Most likely to somewhere you don’t want to go. Automation and passive investing can be great. Yet, if you want to control your future finances, lifestyle and time, then, like gripping the wheel of a freshly restored Mustang, it is high time to seize the reins.

This is true whether you already have a really nice job with an enviable paycheck and a nice nest egg in your 401k, you already have a pretty good sized real estate portfolio, or you’re finding life’s runaway train hurtling you along at a dizzying pace and know you need to take action to change course, or at least stay on the rails of success.

The Problem

Okay, there may be more than one, depending on how you are handling your money. It really boils down to either needing more money and time, or protecting the gains you’ve made in these areas. Then really finding fulfillment in life.

If you’re reading this, you’re already aware of the need to invest in real estate to get and stay ahead. It’s not a nice to have today. It’s a must.

Of course, doing it, and doing it well, can be a whole different rubix cube to solve.

There are lots of ways to boost your income and upgrade your life through real estate. Some of the most common can involved those dreaded tenants, toilets and lots of trash. Others struggle with going it alone. Or find that through all of the DIY figuring it out on their own have just been creating a massive new jobs for themselves. One that for sure includes nights, weekends and all the holidays. Even if it is very well paid.

Others who have been seeing great results from their real estate ventures over the past decade, are also now wisely questioning what’s next. It seems like 90% plus of those in real estate today from gurus to property managers and retail investors have only been in since 2008. Let’s be honest. It has almost been impossible not to make money during these years. You needed no talent, and may not even the ability to write good deals.

While some might deny or minimize it, most forms of real estate will dip again. That requires a plan to sustain things and a plan B to generate cash and revenue. If you want to be a major player through the next recession, you might even need a new A game.

When You’re Blessed with Much, You Give Much & Want to Bring Others with You

Those that know Scott Meyers may admire him most for all of the missions and charity work he does and backs. He and his family really appreciate how blessed they’ve been with their adventures in real estate. In turn giving back is a big thing for them. Now they are on a mission to help take as many others along with them as possible. That doesn’t just mean achieving financial independence and what many would consider a success lifestyle, but more importantly, to be able to get out there and help others. Not just by donating to good causes, but going and volunteering too.

Today, this is mostly thanks to what Bloomberg has called the best real estate investment of the past decade. One with ‘riskless returns’.

Scott’s Journey

While working in the telecom industry, Scott Meyers discovered house flipping. He took on his first deal with creative financing, and found his way in with an assumable VA mortgage.

He kept doubling what he was doing in real estate. He graduated from the intensity of flipping houses to the ‘passive income’ of multifamily investing, and built a portfolio with 400 apartment units.

Yet, all of the headaches and hassle of dealing with tenants was still a drain. Regardless of all the money that was coming in, he was really tempted to quit.

Still, he knew the benefits of real estate and how essential they are. So, he started looking at other strategies. What types of real estate don’t mean a lot of hassle, time and cost to get non-performing tenants out, and produce more real passive income? Parking lots is one, but they aren’t a great value add play, and cars and parking is really on its way out thanks to Uber and new green initiatives.

That left one solid option.

The Cinderella of Real Estate Investing

Scott landed on self-storage. The often neglected stepchild of real estate, but which actually delivers some pretty magical and dazzling advantages.
1 in 10 US households use self-storage. It is a part of every community in America. It has performed great in the good times, and is only second to performance to liquor in a recession.

Think about it. How many people are about to get forced to move in the next crisis? Recent stats from ATTOM Data, put the number of homeowners with serious negative equity (owing at least 125% of their property value) at over 5.2M. It is probably far higher than that now. That’s just one form of distress in the current housing market. Even if we avoid a crisis, people will be glad to take on more storage.

That doesn’t count the growing demand in the storage space from drop shippers and ecommerce companies. Nor all the vehicle owners who are moving to buildings with no storage or parking or whose HOAs have banned extra and over-sized vehicles. Second and third cars, contractors’ vehicles, boats and RVs.

In fact, with a little creativity, Scott says there are numerous ways to add value to self-storage properties today, and generate much larger incomes.

Some of those are:

● Selling moving supplies
● Providing renters insurance
● Propane tank fill up services
● Wine storage
● Fine art storage
● Moving truck rentals
● Portable storage pods
● Valet storage
● Electric vehicle charging stations
● Cell towers
● Generating energy with solar roofs

In addition to existing self-storage properties with lots of value add potential or new construction, there are a booming number of mixed use opportunities. All of these strip malls and bankrupt big box stores. Now self-storage can be an anchor and major money maker, combined with right-sized retail, laundromats, restaurants, coworking spaces and business centers, as well as pack and ship services.

While Scott has virtually done it all, today, in his own investing he mostly focuses on $11M plus deals, institutional grade properties, value add, and partnerships. After being stabilized, there is also a big resale market for these properties from bigger institutions and funds craving the safety of real estate and the attractive yields. As of now, those big guys only hold about 10% of the self-storage market, meaning a massive opportunity ahead.

Scott has taught for ‘Rich Dad’ Robert Kiyosaki, and was a REIA president before being asked to move into education to share his experience in this space.

That has morphed into software, syndications and both online and live training, in this niche which few really know well.

If you’re interested in checking out this space, you’ll want to see Scott’s recent blog on Where to Find Self-Storage Facilities for Sale. His website also offers a Self-Storage Analysis and Valuator tool for sizing up potential opportunities.

Investing in Self-Storage Real Estate

Scott admits he has made a lot of mistakes over the years, which is a main driver behind what he does now in investing his time in sharing this knowledge and expertise. He doesn’t proclaim to be a guru. Though he wants to help others avoid the mistakes he made, and ensure they are successful along the way, if they decide this niche is right for them.

This includes a home study course, live events where you can meet Scott in person, and a mastermind group if you already in this sector and want to scale. He also sometimes offers access to private placement or syndication opportunities to qualified investors, as well as helps connect and partner up those who want to do this themselves, but may need someone with more experience on their team.

Find out about all these resources and more about Scott at SelfStorageInvesting.com

Profit from Self Storage