Ep #12: Building a huge passive Income Stream with Self Storage Facilities – with Scott Meyers

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 14 March 2014

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Scott Meyers is a nationally recognized real estate investor & a leading authority in the niche of self storage properties. Scott began his investing career back in 1993 after watching a late night infomercial by purchasing the training program and putting it into immediate action. Within a short 6 years, he amassed a portfolio of 20 rental homes and was able to quit his full-time corporate gig and transition into a full-time real estate investor. A few short years thereafter, he built his rental portfolio to over 400 rentable units (primarily SFR’s and apartments), but then Sept 11^th happened and his business went on a downward spiral.

To stave off financial ruin and financial recourse from his lenders, Scott proceeded to fire sale all of his struggling assets to avoid a massive personal financial catastrophe. Luckily, he was able to sell of everything before it was too late and now had the task of finding a new investment vehicle that would put food back onto his families table. The answer – Self Storage Facilities

In this interview, Scott gives us the nuts and bolts on how he has built a huge passive income stream by investing in self-storage facilities. Scott has successfully owned and operated self storage facilities across the US and will show us how you can do the same. If you ever wanted to know whether or not self storage might be a good investment vehicle for you, then you need to take an hour and listen to this incredible interview with Scott.

In this interview with Scott you’re going to learn:

· How he got started in real estate and the valuable lessons he’s learned through his journey

· Why he considers self storage to be one of the easiest commercial property types to manage

· The strategy he uses to seek out the best markets to invest in

· The system he personally uses to find, buy, finance, fix, and manage his self storage deals

· Why he prefers self storage properties over all other asset types; Including retail, apartments, office, mobile home parks, etc

· And much more…

Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it.
0:09.2	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.3	Get ready to celebrate because Kevin Bup has spent 14 years successfully making it happen.
0:21.7	This is the Real Estate Investing for Cash Flow podcast.
0:25.2	Now, here's Kevin Bup.
0:30.1	Hey, guys and gals, Kevin Bup here with episode number 12 of the Real Estate Investing for Cashflow
0:36.2	podcast for our missions to help you build and maintain massive amounts of cash flow through income producing real estate investments.
0:43.2	This week on the show, we'd like to welcome Scott Myers, who is an expert in self-storage investing.
0:49.7	I've been wanting to cover this topic for a number of months now. And I'm glad that Scott agreed to come on
0:54.7	the show because he's a wealth of knowledge when it comes to everything that has to do with real
0:58.7	estate investing, because he's done a little bit of everything. But he is now an expert and solely
1:02.6	focuses on investing in self-storage facilities. But he didn't only start that way. He actually
1:07.4	started investing in residential back in 1993 after watching a late-night
1:11.2	infomercial. I think it was Carlton Sheets. But he bought that infomercial product and did what
1:16.4	most people don't do. He actually put it into action and within six years a massive portfolio
1:20.7	of 20 rental homes. And this was all while he was working his full-time corporate job. But after
1:26.1	that 20 rental homes, he decided that he had enough
1:28.4	passive income that he could, I don't know if he replaced his corporate full-time income,
1:33.0	but he had enough to where he decided he could quit his full-time job and focus on real estate
1:37.4	investing full-time. And just so you know, most people start that way. If you're just getting
1:41.7	involved in real estate, know that you keep your full-time job, you know, be able to put food on the table for your family, keep your full-time job.
1:49.2	You can definitely do deals on the side until you at least build enough either equity or passive
	...

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